Detra Solar’s Post

Interesting trend probably showing the development of auto bidders, that allow mitigate risks and implement more profitable(and risky) energy sales model for Bess. 

DC TO ENTER THE FLEXIBILITY MARKET IN THE US Our parent company, Equinor, has approved its first-ever battery storage projects in the US. East Point Energy is developing the two battery storage assets and DC is set to handle the commercialisation with a total capacity of 110 MW/220 MWh.   The projects mark our entry into the US flexibility market and are part of our strategic ambition to expand our trading activities in the US and grow our asset portfolio.   This is yet another milestone in our journey to becoming a leading battery storage optimiser and strengthens our growing portfolio of flexible assets in the UK, Sweden, Norway and Denmark.      Read the full press release on Equinor’s website via the link in the comments below ⬇️   #BESS #flexibility #ERCOT #US #powermarkets #energytrading #danskecommodities #energylikenoother   📸 Illustrative example of battery facility East Point Energy LLC courtesy of Equinor

In ERCOT, the battery energy storage revenue stack emphasis is shifting to Energy. In the first four months of 2024, 33% of battery revenues came from Energy arbitrage, compared with just 15% in the first four months of 2023. BESS revenues also increased 26% year over year this past April, with systems earning an average of $65k/MW/year across the month. ▶️ This increase can predominantly be attributed to greater Energy revenues. ▶️ Two-hour systems, in particular, earned 60% of their April revenues from Energy compared to just 28% for one-hour systems. So, should battery operators be favoring an Energy-dominant trading strategy to maximize their revenue going forward? - subscribers to our ERCOT Benchmarking can find out the answer to this via the link in the comments. #ERCOT #energytransition #batteryenergystorage

Unlocking the value of energy storage in the UK 🔋   BW ESS, together with our partner Penso Power Limited, are delighted to announce that we have signed a 7-year fixed-price tolling agreement with Shell Energy Europe for our 100MW / 330MWh Bramley project in Hampshire. This long-term deal is one of the first such agreements in the UK market, and helps to create a template for a new revenue structure that will open up energy storage market opportunities across Europe. For Bramley - one of the most sophisticated long-duration BESS assets in construction in the UK - it will secure stable long-term revenues, and an important role in the UK’s emerging load shifting and grid balancing market. Another key milestone in our mission to unlock the value of energy storage. Congratulations to all involved! Read the news here: https://lnkd.in/d6KtWkRY #BWESS #PensoPower #Shell #BESS #CleanEnergy #ClimateTech #BatteryStorage #Sustainability #RenewableEnergy #EnergyStorage #Energy

NV Energy's 5th Amendment to its 2021 IRP was just approved by the Public Utilities Commission of Nevada This bait-and-switch plan goes back on NV Energy’s promise to retire the Valmy coal plant and misses opportunities for clean energy. The coming 2024 IRP is just a few months away; the PUCN must hold NV Energy accountable for its commitments and require competitive procurement processes to ensure the most cost-effective options for Nevadans. https://lnkd.in/gj7FvaAa

Pacific Gas and Electric Company's (PG&E) 2023 Research and Development Annual Report highlights how PG&E leverages and maximizes its R&D efforts through collaboration with organizations like UTD. One significant initiative detailed in the report is the advancement of hydrogen as a low carbon fuel. By partnering with other leading utilities and entities and leveraging prime R&D funding from entities like the California Energy Commission and the U.S. Department of Energy, these efforts are crucial in driving the decarbonization of energy systems. Check out the full report here: https://lnkd.in/dWtEcffT #EnergyTransition #EnergyResearch #GasUtility

We just made the first big change to our Model Portfolio. Specifically, we removed Southern Company as our only #utility 'Long' position. We believe there are several key factors that are misunderstood by both the Buy & Sell-Side that skew the 'risk-reward' profile. Please see the detailed report on our website: https://lnkd.in/gaGeGj_9 Our Model Portfolio consists of 11 'Long' Positions paired up versus 15 'Short' Positions. Our largest 'Long' weight (~17%) is Energy Transfer. Our largest 'Short' weight (~17%) is NextEra Energy, Inc. We generally remain more negative on the utility and #cleanenergy space with additional 'Short' positions on Plug Power (~12% weight); NEP (~10%); American Electric Power (~5%); Avangrid (~5%); and Ørsted (~5%). #energy #oilgas #capitalmarkets #equityresearch

Via Utility Dive: " Omitting Talen Energy RMR units from PJM’s next capacity auction could cost $14.5B: OPSI: The Organization of PJM States Inc., which represents state utility regulators in the grid operator’s region, is backing a complaint at the Federal Energy Regulatory Commission over reliability must-run power plants. " #Energy #Utility #Utilities

TC Energy in deal to sell Portland #NaturalGas for US$1.14bn 👉 Sale advances TC Energy plans to divest C$3bn of non-core assets in 2024. Read more 👉 https://lnkd.in/gEVvYRVU #NGW #energy

LCG Publishes 2025 Annual Outlook for Texas Electricity Market (ERCOT) LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2025, highlighting the region's rapid transition toward increased reliance on renewable energy resources and battery storage. This Outlook presents the future operation of the ERCOT nodal market, including Locational Marginal Prices (LMPs), load zone prices, hub prices, and expected congestion in 2025, while also addressing the challenges of intermittency, and transmission capacity. Download the report here: https://bit.ly/4fK7SRc