enspired

🔋#BullishOnBatteries | The International Energy Agency (IEA)'s latest World Energy Outlook report estimates that #BESS will deliver around 30% of short-term flexibility needs in a little more than a decade and around 40% in 2050. The report further highlights that batteries and demand-side response together will account for the majority of short-term power system flexibility after 2035. The IEA's insights bolster our belief at enspired that batteries are the fastest way to achieve the flexibility we need while improving grid stability and accelerating the transition to clean energy. ⚡Tell us what you think: Given the rapid growth of storage technologies in recent years, do you see the share of batteries in flexibility provision increasing even faster than predicted? Or do you see any obstacles to these forecasts becoming a reality? #energystorage #energytrading #batteryoptimization

🚨New webinar alert: Revenue transparency for your BESS investment🚨 🔋Benchmarking the revenue potential of battery assets has long been a challenge. To fill this gap, enspired and RWTH Aachen University are currently building the first-ever battery index for the power trading business. ⚡By allowing you to compare revenues in a simple way using reliable and certified data, this tool will finally bring transparency to the German BESS market. 💡Want to know how you can benchmark your current results against a publicly-accessible battery index? Then we would love to see you at our webinar! 📆 21 November 🕒 3 pm CET Click the link to sign up 👉 https://hubs.la/Q02Vs4Q00 #BatteryStorage #BatteryOptimization #BESS #EnergyTrading

GRID-SCALE BESS REVENUES IN GERMANY - SIMULATION AND REALITY 🔋 The market is grasping at every straw to analyze grid-scale BESS revenues in Germany 👉 and Lars is especially good at it 😁 After two years of hard work, we see signs of a maturing market and at least aligned revenue expectations. To support the journey towards a transparent market, I want to share some operational portfolio insights. As you know 👉 the devil is in the details. 1) The calculation only considers May-Sep 2024 and excludes Jan-Apr 2024; the first months in 2024 generated substantially lower revenues 👉 which will lead to lower annualized revenues, considering the YTD performance. Sounds like bad news? Stay with me, it's actually not: 2) to compare real apples 🍏 with simulated apples 🍎, I want to share some insights: even our 1-hour cross-market setups with on average 1 cycle per day have delivered around 200k/MW/Year between May-Sep 2024 🚀 3) So the simulated 2h-storage would only provide an uplift of approx. 40% 👉 based on the mentioned 282k/MW/Year ... not exciting 4) Let's assume the numbers used for backtesting result from a 2-hour configuration with 2 cycles per day, so roughly 4x ☝ in throughput compared to the operational numbers I shared 👉 do the math (hint: it's not linear but above 300k/MW/Year for the observation period 🌈 ) 5) I will keep repeating this 👉 when analyzing backtests 📊 please make sure that you understand a) the sizing of the underlying portfolio and b) the underlying warranties as they both have a massive impact on the allocation of revenue streams as well as the revenue potential (I hope the simulation was not performed for one single MW 🤔). Here comes the excellent news 🔋 While the targeted range of 250-300k/MW/Year is correct (we'd go for the upper end). It results from a better performance between May and September that needs to be corrected downwards based on lower results from the first four months of 2024. To answer also the other questions: October is a typical shoulder month comparable to May from a revenue perspective. Based on our operational BESS experience from 2022 to 2023, Q4 should typically be slightly lower than Q3. If you want me to dive deeper into the topic of backtesting and simulation, just let me know, and I'll let my emotions run free 😁 Kudos to Lars for finding every little piece of information and creating value out of it 💪 #batterystorage #artificialintelligence #energytransition

✨We're thrilled to be shortlisted for the Optimiser of the Year prize as part of the inaugural edition of Tamarindo's Energy Storage Investment Awards 2024. 🔋The nomination is yet another boost in our quest to optimize storage solutions and accelerate the transition to clean energy. #enspirethechange Find out more about the awards here 👉https://hubs.la/Q02VgLv00 #ESIA24 #BatteryStorage #EnergyTrading #BatteryStorage

The Flea Market for Policy Freaks: Network Code on Demand Response (NC DR)   🔋 In Germany, there are over 8 GW of home storage installed. Additionally, there are 166.000 bidirectional EVs standing in Germany garages with a volume of 5,5 GWh, according to E.ON. Their use-cases are as individual as the storages itself but they hare hardly used for wholesale markets or grid services. Why? Until now, there is no business case and there are regulatory hurdles, that prevent that. 💈 The new Network Code on Demand Response is just about to change that and paves the way for business cases for residential, SME and other distributed power production and consumption. This requires touching many areas of the energy branch and that is exactly, what the NC DR does, so a comparison to a flea market seems adequate! This Network Code is currently consulted by EU Agency for the Cooperation of Energy Regulators (ACER) and my feeling is, that it flies under the radar of many participants. I encourage everyone to give their view -> it is not only about demand response, but also includes different congestion measures like Flexible Connection Agreeements, SO-owned storage, how suppliers shall interact with service providers, redispatch, DSO Network Development Plans and many other topics -  everyone will find something interesting at that flea market! Find the link here: https://lnkd.in/ewi_njRM enspired #EnergyTransition #PowerTrading #BatteryOptimization #enspireTHEchange #storage #Stromspeicher #Redispatch #NetworkCodes #DemandResponse

🟢 #ESGC2024 Session 2.7: "Energy Storage and Heat-as-a-Service". 🎙️ Simen Bomnes Valåmo from Kyoto Group AS shared that Kyoto Group regularly partners with local energy traders who provide expertise about the local market and help optimise storage assets. 🎙️ Cécilia Masut from enspired joined the session and presented a fully automatised Battery Energy Storage System (BESS) optimiser. It increases profitability for owners of energy storage with an AI-based platform. The optimiser tool helps capture a storage's data. The session was moderated by Silvestros Vlachopoulos from LCP Delta.

👀 Interconnectors — when does flexibility across borders become a problem? 👀 ⚡Last week, the North Sea Link (1.4 GW) dropped offline, pushing the GB system short and the Norway system long. The GB system deployed its fleet of flexible assets via ancillary services and balancing mechanism actions in response to the system frequency dipping to ~49.6 Hz. ⚡In Norway, the frequency jumped to around ~50.4 Hz with the Nordic FCR-D services getting triggered and providing the necessary stability. Within an hour, the North Sea Link was ramped back up to full capacity but went into planned maintenance from October 14. ⚡ The same day, the UK's National Grid published an Electricity Capacity Notice – indicating tightness on the system driven by low levels of wind and interconnector unavailability, prompting additional volume to be on standby to meet demand. This notice was the first since November 2022, but was promptly cancelled just over two hours later. ⚡Despite the tightness of the system, the declaration of a potential lack of supply had already caused a disturbance in various border markets as positions were unwound and moving capacity towards the GB market (selling above £500/MWh) now came at a premium ~€1,000/MWh in Belgium and the Netherlands. 🤔 But is it predictable? The evening peak has occurred at 7pm (CET) on October 9,10, 14 and 15 and will likely recur at this time in the near future. If demand peak can be assumed, then forecastable periods of tightness will be visible ahead of any triggers by TSOs. This will be a feature in most markets as regular demand peaks are misaligned with forecasted generation curves. 🔋It is exactly this misalignment that creates an opportunity for energy storage solutions able to capture volatility driven by scarcity. Data: Montel Analytics #gridstability #interconnectors #ancillaryservices #energystorage #energymarkets

🚀 Bonjour :) meet me in Brussels at the Energy Storage Global Conference (ESGC) organized by EASE - The European Association for Storage of Energy on October 14th-16th! I am excited to participate in the panel discussion “Energy storage and Heat-as-a-Service: business opportunities, revenue streams and what the Industry needs from the energy storage sector” and present what enspired already did in that domain. Looking forward to the exchange of great ideas with other participants. Want to discuss your storage projects during the event? Drop me a message!  

Renewables: Friend or Foe?🤔 As renewable build-out continues to grow, so does the demand for flexibility. But what happens when there isn’t enough flexibility available? On September 23rd, the Finnish market saw an imbalance price spike to €3000/MWh for two consecutive hours due to changes in interconnector flows. Although renewables captured a larger share of the day-ahead market volume, they couldn’t provide the required flexibility, leading to the price surge. Later in the week, on September 26th, imbalance prices reached €1850/MWh in the Netherlands and €954/MWh in Germany. A 4 GW swing from long to short positions drove the Dutch market, while Germany saw a 5 GW deviation at the end of the solar ramp. Yet, is this necessarily negative?🕵️♀️ A day later, on September 27th, windy conditions in Belgium led to day-ahead prices dropping to €0/MWh for almost 12 hours. Prices climbed back to €40-70/MWh during the morning and evening peaks—a pattern that repeated on September 28th, but with a more pronounced evening peak spread from €0 to €115/MWh in Belgium and €0 to €145/MWh in the Netherlands. For battery operators, these price variations offer significant opportunities to optimize and lock in value. Understanding and navigating these fluctuations is key to turning renewable volatility into profitability.🔋 Learn more here: https://hubs.la/Q02RPRqG0 #EnergyMarkets #RenewableEnergy #Flexibility #EnergyStorage #MarketVolatility #Trading

📢 The End of an Era: UK's Last Coal-Fired Power Plant Shuts Down Today 🚫 The closure marks the end of Britain’s 142-year history of coal power use which began when the world’s first coal-fired power station, the Holborn Viaduct power station, began generating electricity in 1882.⚡ This move brings the UK closer to its 2050 net-zero emissions target and is a clear signal that the energy landscape in Europe is shifting decisively towards renewable sources.💚 The UK joins a growing number of European countries that have completely phased out coal-fired power generation, including Belgium, Austria, and Sweden. This achievement underscores the importance of transitioning to cleaner energy sources and highlights the potential for other nations to follow suit.💡 At enspired, we believe that the future of energy is digital and carbon-free. With the closure of the last coal plant, the UK has shown that a cleaner energy system is not just possible, but the only viable path forward. As we continue to support our partners in navigating this transition, we remain committed to maximizing the value of renewable energy assets and enabling a sustainable energy future.🚀 Read the whole article 👉https://hubs.la/Q02RtbM20 #EnergyTransition #NetZero #RenewableEnergy #CleanEnergy #Sustainability #UK #EnergyMarkets