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Clarity Grid Solutions #energystorage earnings in ERCOT for the first week of April 2024 remained stable compared March 2024. However, unlike the previous weeks where ancillary services awards were the dominant source of revenue, Real Time market earnings were a narrow majority of revenue for batteries. This is likely due to low ancillary service prices across the state, combined with some local spikes in Real Time energy pricing.

More businesses are looking at investing in on-site generation. And many assume they can also generate revenue from selling any excess power to the grid. But how realistic is this – and if so, what is the best route to market? Gareth Metcalf and Michelle Stephens discuss this in more detail here: https://nbs.energy/3WGuHg4 #energygeneration #energysecurity #energytechnology

We just dropped the Q1 2024 edition of The 50 States of Grid Modernization report! The report finds there were 567 actions taken across 49 states, D.C., and Puerto Rico, with key focuses on energy storage deployment, utility business model reforms, and more. New York, Massachusetts, Michigan, California, Connecticut, and New Jersey took the greatest number of actions during the quarter.  Check out the executive summary for more insights: https://lnkd.in/eNZmXGag #GridModernization #CleanEnergy #Innovation

As we celebrate the 2nd anniversary of the signing of the historic Inflation Reduction Act (IRA), Invenergy President and Corporate Business Leader James (Jim) Murphy shares his perspective on the IRA's impact and how Invenergy plans to build on its momentum to build an energy grid fit for the future. Read the full piece in Powerlines, the Invenergy blog: https://lnkd.in/gzhqyxWH #InflationReductionAct

A few thoughts and amalgamation of conversations/ questions we received (in no particular order): *Could #Midstream/ #Energy Infrastructure C-Corps trade at ~20x EBITDA at some point? And are #MLPs in permanent purgatory? The 20x comes from comparing to some other infra sub-sectors. The counter, do potential cash taxes ever matter? *What do you think on the M&A front? Still like MPLX GP LLC for Plains All American. Play it via long Marathon Petroleum Corporation. *Wth happened to front month #naturalgas today? (freebie: I think massive squeeze… fired our last short salvos post the rip. NG2 is a short as well in our view. We are long NG4 Feb-25). But also for full disclosure, we got completely (no margin calls believe it or not as we traded around this before the open) snapped off again on our short NG1 vs. long NG4 spread trade. But we are sticking with it. *What do you make of the GE Vernova (N/R) comments on gas turbine/ power demand? *#Upstream companies continue to push the efficiency improvement thesis… but some service providers are saying we have peaked in terms of drill-bit efficiency gains (cadence… we should still see more, but at a slowing rate). What about efficiency gains outside of the actual drill bit? Midstream integration? What are some E&Ps that can really differentiate themselves by having an integrated business? Should E&P companies pursue downstream integration? *At what point do we cross the ‘efficiency’ axis vs. when we actually need to see additional rigs/ frac crews hit the ground? *Would you rather own over-levered (relative) low-cost producer EQT Corporation or Expand Energy? *Favorite Midstream C-Corp Long and Short? *Second derivative thoughts on both nat gas & oil under Harris or Trump win? *All the pressure pumpers we listened to (domestic & international service cos) were unequivocally bearish Q4 for the Lower 48 in terms of activity levels and expecting a rebound 2025. But then take a look at Range Resources TIL schedule which is massively Q4 weighted and doesn’t require those services. What gives in terms of the macro gas set-up? *We also back into implied RRC Q4 gas production up ~6% versus prior guide (down ~1.2% sequentially). Macro this makes us think production could hit 105+ (extrapolating) in Q4. What are we missing and how is this bullish near-term? *We believe the C-Corp Midstream/Infra group will move to valuation on P/E vs. growth vs. cash flow metrics. Or other competing sectors need to move to cash flow metrics. We are starting to see this for sectors such as housing (not the right comp obviously but making a point cash flow matters). Maybe this shields MLP valuations? *Where do P/E valuations shake out for the group (in context of growth)? Who is cheap, who is not? *For some of the larger MLPs trading liquidity isn’t the issue but rather the K-1s. How does one deal with that? *Is ENPH a perma-short? And a bunch more… https://lnkd.in/gvmnk3xf

GridFWD 2024 is off and running fast! Day one is sparking deep, instructive discussions on evolving energy markets for a modern grid. Two key themes we are picking up in the conversations: - Energy markets act as enablers of value - Markets are a means, not an end in itself Also Adam Keech of PJM emphasized that resource adequacy is quickly becoming a top priority.   The day is setting a direction for the future of grid modernization. Thanks to everyone who participated in the discussions! If you're here in Banff, what are your biggest takeaways from day one? #GridFWD

💬 “Business Energy Claims quickly identified we had a claim. The team were very helpful and walked us through the process, and we are delighted to have recovered £25,500.” 💬 See how much you could be owed in three easy steps: https://ow.ly/rUYN50SYkGn #misselling #energybrokers #businessenergy #energylitigation

💬 “Business Energy Claims quickly identified we had a claim. The team were very helpful and walked us through the process, and we are delighted to have recovered £25,500.” 💬 See how much you could be owed in three easy steps: https://ow.ly/rUYN50SYkGn #misselling #energybrokers #businessenergy #energylitigation

At a time when the nation’s power grid operators are increasingly focused on reliability, our fleet offers a distinct advantage. See how Calpine is working to keep electricity flowing reliably to homes and businesses across America:

💬 “Business Energy Claims quickly identified we had a claim. The team were very helpful and walked us through the process, and we are delighted to have recovered £25,500.” 💬 See how much you could be owed in three easy steps: https://ow.ly/QxbH50R9hbY #misselling #energybrokers #businessenergy #energylitigation