Welcome back to our monthly series examining the opportunities for battery storages on German spot and ancillary markets. We compare 3 different trading strategies (single markets, a spot market benchmark and our multi-market strategy) and their respective trading incomes of July for a 10MW / 20MWh storage with a round-trip efficiency of 90% and an average of 1.25 daily cycles. So, how much could a stand-alone battery storage system have earned in Germany in July? 💸 For benchmarking our multi-market strategy across spot markets, FCR and aFRR, we compare our simulation results to the maximum possible incomes on FCR and aFRR capacity markets (perfect-foresight on clearing prices) as well as the use of a linear optimizer that trades each spot market individually and in one case all spot markets combined. To achieve realistic outcomes, we utilize market forecasts for optimization and actual prices for settlements (also abiding to the pay-as-bid principle of aFRR capacity), ensuring no assumption of perfect foresight in our multi-market strategy. Trade execution on the continuous intraday market is estimated using the ID1 price index. 🔎 Our Findings: 🔋Although we saw prices and incomes coming back from the extraordinary month of June, July continued to offer substantial income potentials for trading batteries. 🔋Our benchmarks from the linear optimizer show 7.5-11.5k€/MW on single spot markets as well as 14.6k€/MW on the combination of day-ahead, intraday auction and the continuous intraday. For reference this puts spot market potentials for July back down ~25-40% from June similar to May levels, but still roughly 30-40% above 2023 potentials. 🔋Ancillary service prices remained attractive compared to spot, as FCR and aFRR benchmarks outperformed each single spot market with maximum income potentials of 12k€/MW for FCR and 14.7k€/MW for stacked aFRR this month. 🔋Our multi-market strategy optimized with the suena autopilot made great use of this pattern - reaching 19.6k€/MW, outperforming single markets and the spot market benchmark by 32-160%. Mirrored also in high incomes with reduced cycles (average of 1.25 cycles per day) as a well-balanced mix between ancillary services and spot markets allows a less taxing operation of the storage, leaving freedom for more cycles during times of spot trumping ancillaries. Again underscoring the value of cross-market trading, integrating ancillary services with spot markets, navigating fluctuating market conditions and deciding on the best options every delivery period anew. Want to learn more about future potential storage revenues? suena's quarterly battery storage revenue forecast offers the latest insights on market trends and battery storage optimization. Want to unlock the full potential of your battery storage investments? Contact us to start maximizing your trading profits with suena's autopilot!
suena
Dienstleistungen für erneuerbare Energien
Hamburg, Hamburg 3.921 Follower:innen
Autopilot for energy storage - optimization and trading to maximize efficiency and reduce risks on electricity markets
Info
suena, short for sustainable energy applications, is a Hamburg based 100% digital flexibility trader for large-scale battery storage. With the suena Autopilot, suena offers optimization and trading services to maximize efficiency and reduce risks of energy storage systems on short-term electricity and balancing markets.
- Website
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https://suena.energy
Externer Link zu suena
- Branche
- Dienstleistungen für erneuerbare Energien
- Größe
- 11–50 Beschäftigte
- Hauptsitz
- Hamburg, Hamburg
- Art
- Kapitalgesellschaft (AG, GmbH, UG etc.)
- Gegründet
- 2021
- Spezialgebiete
- Energy Trading, Flexibility, Energy Storage, Combining Storage with Energy Trading Optimization , Analytics, Investment Advice, Energy Storage Insights , Automated Trading, Trading Platform und Transparency
Orte
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Primär
Hoheluftchaussee 139
Hamburg, Hamburg 20253, DE
Beschäftigte von suena
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Reto Burch
Data Analyst
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Maciej Niemczyk (Dipl. -Winfo.)
Senior Full-Stack Softwareentwickler @ suena energy | Why not hand over tedious tasks to computers?
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Christian Warnecke
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Dr. Lennard Wilkening
CEO & Co-Founder at suena | energy storage enthusiast 🔋 empowering energy storage for short-term trading
Updates
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Meet Nathan - our new Head of Trading Operations⚡ Nathan is driven by the opportunity for continuous improvement. 📈 Nathan is happy when he's learning something new.👨🎓 If Nathan gets free time, he reads to his daughter, plays guitar, or takes a bike ride. 🚵♂️ Nathan would say: "I love power trading not only because it’s a challenging and fun way to make money, but also because it helps integrate more renewables into the power grid and efficiently allocate capital, benefiting the electricity system, the environment, and the economy." Welcome to the team🎉😊
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Welcome back to our monthly series examining the revenue opportunities for battery storage on spot and balancing markets. This month, for the first time, we take a look at the aFRR capacity market and observe some exceptional days on the spot markets. How much could a stand-alone battery storage system have earned in Germany in June? 💸 We compare 3 different trading strategies (single markets, a spot market benchmark and our multi-market strategy) and their respective trading incomes of June for a 10MW / 20MWh storage with a round-trip efficiency of 90% and an average of 1.35 daily cycles. For benchmarking our multi-market strategy across spot markets, FCR and aFRR, we compare our simulation results to the maximum possible incomes on FCR and aFRR capacity markets as well as the use of a linear optimizer that trades each spot market individually and in one case all spot markets combined. To achieve realistic outcomes, we utilize market forecasts for optimization and actual prices for settlements, ensuring no assumption of perfect foresight. Trade execution on the continuous intraday market is estimated using the ID1 price index. 🔎 Our Findings: 🔋To make it quick: in June every market was very attractive. 🔋Our benchmarks from the linear optimizer already achieves 10-18k€/MW on single spot markets which is an increase of ~50% to May and would amount to 127-223k€/MW/year - if you could extrapolate those results over 12 months. Those income potentials from spot markets come to a large part from 2 outlier days in June (empty sell side in the continuous intraday orderbook on the 03. & EPEX day-ahead auction decoupling on the 26.). 🔋Additionally ancillary service prices remained outstanding with our FCR benchmark exceeding individual spot markets except the continuous intraday and aFRR trumping all of them. By just participating in each block, 14.8k€/MW, 20.7k€/MW, 21.6k€/MW and even 22.4k€/MW could have been achieved for FCR, negative, stacked and positive aFRR this month. So those high ancillary service prices made it again reasonable to trade at a pretty low average of 1.35 cycles per day, below a cycle number we would usually go for in months with these attractive spot markets. 🔋Still the benchmark of the linear optimizer, which combines day-ahead, intraday auction and the continuous intraday, exceeds those ancillary service results with 24k€/MW. 🔋However, all those results don't compare to our multi-market strategy optimized with the suena autopilot - reaching 38.1k€/MW, outperforming our best benchmark, which is 36% lower. This underscores the value of cross-market trading, integrating ancillary services with spot markets. Our analysis reveals that by operating batteries solely on single markets in June, you leave around 41-72% of potential incomes on the table. Do you also want to unlock the full potential of your battery storage investments? Contact us to start maximizing your profits with suena's autopilot!
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German Capacity Market: Key to ensuring renewable energy reliability and reducing gas dependency🔋 In spring, the expert exchange “Large-scale storage technology and energy market flexibility” took place at Hamburg City Hall. Dr. Lennard Wilkening, Johannes Alexander Müller and Kilian Leykam gave keynote speeches, while 35 representatives from 23 companies took the opportunity to engage in an intensive professional exchange. It was an exciting and informative discussion that focused on the need for a German capacity market. This should ensure flexibility and backup capacities and is therefore essential for the reliability of a renewable electricity system, especially in view of the coal phase-out and the increasing feed-in from wind and solar energy. The use of battery storage has the potential to reduce the need for gas-fired power plants by 9 GW - an immense achievement! International experience from countries such as Belgium, the UK and Poland shows that capacity markets can be successfully introduced. These markets are based on annual central auctions that bundle capacities from power plants, storage facilities and demand response, with different contract terms depending on the type of plant. Several key points are decisive for Germany: 🔋 Derating factor: Participation of technologies based on availability in critical congestion hours. 🔋 Plant availability: Technical supply capability without disrupting energy trading, coupled with capacity payments and refunds in the event of high electricity prices. 🔋 Local distribution: Regional allocation signals to optimize site selection and grid load. 🔋 Auction format: With a “pay as cleared” mechanism, market transparency and fairness can be ensured. 🔋 Contract durations: Combination of T-1 and T-4 auctions and longer contract terms for investment security. 🔋 Plant degradation: Strategies such as repowering and retrofitting to meet long-term capacity obligations despite battery ageing. In addition, only CO2-free or low-carbon plants should receive capacity payments, which includes the participation of hydrogen power plants after their conversion to H2. A German capacity market that facilitates efficient, advanced and optimized storage projects can be an enormous booster to accelerate the energy transition and to reach our climate targets. #capacitymarket #energytransition #largescalestorage #suenaGmbH #Hamburg
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Zusammen mit Johannes Alexander Müller und Kilian Leykam haben unser CEO Dr. Lennard Wilkening und Communications Manager Elena Müller einen Artikel über die Ausgestaltung eines technologieoffenen deutschen Kapazitätsmarktes im pv magazine Deutschland geschrieben. In dem Artikel geht es darum, wie in einem Kapazitätsmarkt auch andere Technologien, insbesondere Batteriespeicher, eine gewichtige Rolle spielen können und wie ein effektives Design Fehlsteuerungen, Fehlanreize und unnötige Kosten vermeiden kann. ✨🔋 #Kraftwerksstrategie #Kapazitätsmarkt #Energiewende #Batteriespeicher #ErneuerbareEnergien #Versorgungssicherheit
CEO & Co-Founder at suena | energy storage enthusiast 🔋 empowering energy storage for short-term trading
Zusammen mit Johannes Müller, Kilian Leykam und Elena Müller habe ich einen Artikel über die Ausgestaltung eines technologieoffenen Kapazitätsmarktes für Deutschland und die Rolle von Batteriespeichern geschrieben, welcher heute im pv magazine Deutschland erschienen ist. 🔍 Einblicke und Perspektiven: In diesem Artikel werfen wir einen genaueren Blick auf die Notwendigkeit und das Potenzial eines technologieoffenen Kapazitätsmarktes in Deutschland. Besonders interessant ist, wie Batteriespeicher den Bedarf an Gaskraftwerken reduzieren und gleichzeitig für eine stabile Energieversorgung sorgen können. Worum geht’s? 💡Warum braucht Deutschland einen Kapazitätsmarkt? 💡Welche internationalen Erfahrungen können wir nutzen? 💡Wie können wir ein effizientes Marktdesign schaffen, das Fehlsteuerungen und unnötige Kosten vermeidet? Ein gut durchdachtes Kapazitätsmarktdesign ist der Schlüssel, um Investitionen in zukunftsweisende Technologien anzukurbeln und Fehlanreize zu vermeiden. Hier gehts zum vollständigen Artikel: https://lnkd.in/eahGseqm #Energie #Kapazitätsmarkt #Batteriespeicher #Energiewende #ErneuerbareEnergien
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Vielen Dank für diesen wichtigen Beitrag! Stromspeicher spielen definitiv eine zentrale Rolle bei der Energiewende. Um jedoch ihr volles Potenzial auszuschöpfen, ist der Einsatz fortschrittlicher Optimierungssoftware unerlässlich. Unsere Erfahrung zeigt, dass erst durch intelligente Softwarelösungen die Rentabilität und Effizienz von Energiespeichern maximiert werden können.
Immer wieder erreichen uns Fragen und Kommentare zu Stromspeichern - diese greifen wir gern auf. Um die stark wachsenden Anteile der Stromerzeugung aus Windenergie und Photovoltaik zu integrieren, bedarf es künftig mehr Flexibilität im Energiesystem. Hier spielen Stromspeicher eine wichtige Rolle. Um den Hochlauf bei Stromspeichern zu unterstützen, hat das BMWK Ende 2023 eine Stromspeicher-Strategie vorgelegt. Weitere Infos zur Stromspeicher-Strategie gibt es auf unserer Website: https://lnkd.in/didZF6tY
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Are you impassioned about efficient software for the energy transition? Apply at suena as a Senior DevOps Engineer and join our green-tech energy movement!🚀 𝗞𝗲𝘆 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀⚡ - Manage and enhance deployment environments - Improve software scalability and security - Integrate and streamline development workflows 𝗪𝗵𝗮𝘁 𝗪𝗲 𝗢𝗳𝗳𝗲𝗿🌳 - Dynamic startup environment - Agile working with SCRUM - Personal and professional growth support - Flexible working conditions (remote/hybrid) Join the team and accelerate the energy transition with us! Find more information here: https://lnkd.in/gRppEeTP #DevOps #TechJobs #EnergyTransition #SustainableEnergy #GreenTech #JoinUs #suena #JointheRevolution
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New publication: The decade of large-scale energy storage 🚀 There is no doubt that energy storage solutions play a pioneering role in the energy transition. If you are as intrigued by technological advances, market developments, and regulatory frameworks as we are, the new publication of our CEO, Dr.-Ing. Lennard Wilkening, might be just right for you! “The decade of large-scale energy storage” has been print-published in the current issue of the German Wind Energy Association (BWE). Here, a comprehensive analysis of technological advances, market trends and regulatory challenges in the field of battery storage is provided and supplies answers to the following questions and subjects areas: 🔋 How innovative storage technologies are crucial for stabilizing the energy grid and integrating renewable energies. 🤹♂️ Multi-market trading: It is emphasized that participation in different markets (such as the spot market, balancing energy market) is necessary to minimize financial risks and maximize revenues. 🧠 Technological advances: Modern software solutions enable flexible and efficient use of battery storage by responding to market and weather events in real time. 💡Influence of policy and legislation on the implementation of large-scale storage solutions. Read the full article here: https://lnkd.in/e9g8Cq8R or in the current print version of the BWE Magazine "neue energie". #Energy #RenewableEnergy #Batterystorage #Innovation #Sustainability #Expertknowledge
Das Jahrzehnt der Batteriegroßspeicher
windindustrie-in-deutschland.de
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What a kickstart!⚡ The Smarter E Europe 2024 got off to a great launch in Munich. It really is a pleasure to be represented among so many innovative companies! Drop by our booth at 📍𝐂𝟓.𝟐𝟕𝟒𝐌 to find out how to boost your battery storage optimization! #SmarterE2024 #BatteryStorageInnovation #Intersolar
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🚀Empower your decisions: Our Quarterly Reports by Suena Analytics are now available! 🚀 We all are aware, that knowledge is the best resource to empower your decisions! So, we are proud to announce the launch of our comprehensive reports, that provide valuable insights into understanding and anticipation of market trends for evaluation the economic potential of various battery storage systems. Evaluate your project and assess the investment opportunities and risks into battery storage with different durations and configurations and contrast options for renewable energy systems and energy storage projects! 📊 What are the key highlights? 🔋15-year revenue forecasts for 1, 2, 3, and 4-hour battery storage systems. 🔋 Optimized multi-market revenue stack insights for key markets like aFRR, FCR, Day-Ahead, and continuous Intraday markets. 🔋 Bankable price forward curves: Utilize reliable data for strategic decision-making 🔋 In-depth analysis based on bankable price forward curves and market trends. 🔋 Long-Term Opportunities: Identify crucial long-term opportunities to stay ahead of the curve. 🌟 Special Offer: Get your first report for FREE when you visit us at the Intersolar from 18.-21.06. in Munich to claim your copy – you can book your meeting with Hanna or Phillip here: https://lnkd.in/eFtR_4zQ https://lnkd.in/eqjJequ7 Don’t miss out and find more info also here: https://lnkd.in/eZMRUeFy #BatteryStorage #RenewableEnergy #MarketTrends #SuenaAnalytics #QuarterlyReports #EnergyStorage
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