Neil Weaver
@ModoNeil
Content Editor at @ModoEnergy. Battery energy storage enthusiast. Presenter of The Energy Academy. Record collector.
We’re extremely proud and excited to announce the completion of our $15m Series A fundraise - but what will this mean? This is the rocket fuel that will allow us to build more of the features you need - to help you understand and master the landscape for battery energy storage.
Check out this fantastic article from @TriplePointVC's @jamietomalin about the importance of verticalised media for verticalised software. medium.com/@jamietomalin/…
Great video, showing the longer-term benefit of building two-hour #BatteryEnergyStorage systems in Great Britain.
Really great roundup of battery energy storage buildout in Britain over the past few months.
In 2023 so far, more than 1 GW of new battery energy storage has come online in Great Britain with installed capacity now at 3.1 GW and 3.8 GWh. However, we still expected to see more battery capacity online by now. So, what’s holding up battery energy storage buildout?
Interesting to see @Flexitricity switching strategies with the Larport Farm site last month - and, in the process, earning over 40% more in monthly revenue than the average one-hour battery. Will be fascinating to track how the Enduring Auction Capability affects strategy...
In September, Larport Farm earned more money per megawatt than almost every other one-hour battery system in Britain. So, how did it do it? Wendel is on hand to explain how moving into Dynamic Containment allowed it to take advantage of higher prices in that service.
Interesting roundup of battery energy storage revenues in September. - Avg. revenues for <1.5 hour systems: £3.4k/MW. - For >1.5 hour systems: £4.8k/MW. - BESS trading revenues rose by 60%. - Frequency response made up 64% of overall revenues (lowest since December).
Battery energy storage revenues in September rose 12% from August - but they were still only on par with May and June's revenues. So what led to this minor bounceback in earnings?
We spoke to @Harmony_Energy_, Atlantic Green, @edfenergy, and @centricaplc. And they all agree - data is the key to the energy transition. That's why Modo Energy 2.0 is built for analysts. Head to the platform to get started today.
There's a very fun (honestly) whistlestop tour through the financialisation of the energy industry in the episode itself. Definitely worth a listen.
Transmission: Our podcast has also rebranded and this week, it's all about energy industry changes resulting in a world of datasets to navigate. Even better, @scrimshireq and Tim are on hand to explain exactly what that means. Check it out right here: bit.ly/3tcr2eU
Modo 2.0 is live, so how can you can use it in your daily analysis? What's new? Matt's here to show how you can use the Leaderboard to its full, real-time benchmarking potential. He’s also running a webinar this week to introduce the entire Modo 2.0 platform. The link is below:
Great graph courtesy of @ModoEnergy. So, if batteries can be actioned more effectively in the Balancing Mechanism, current pricing suggests they could eat into the market share of pumped storage fairly soon - at least for some actions. Find out more: modoenergy.com/research/10374
Are batteries a cheap or expensive tool in the balancing mechanism? Typically, batteries are priced between CCGTs and pumped hydro. With battery costs declining and carbon costs increasing for CCGTs, we expect batteries to be a cost-effective solution for grid balancing.
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