
This report focuses on the business outlook for batteries in PJM, including both asset and market-level analysis. Specifically, presenting analyses on the following questions:
- How will various revenue streams – capacity, wholesale arbitrage, ancillaries, state incentives – contribute to different battery cases’ economics, and how is that mix shifting over time?
- How will load growth, upcoming regulation market reforms, and increasing renewable penetration affect battery dispatch behavior and margins?
- What are the different locational dimensions that can impact battery margins, and how do they differ across PJM’s footprint?
- Will state targets drive an appetite for contracted battery offtake agreements in PJM, and what contract structures might be of interest to both offtakers and developers?
If you have any questions or would like to learn more about our PJM coverage, please contact Kyndal Mayes.