
2023 was an exceptional year for batteries in Texas, with 2 GW of capacity additions and margins over $300/kW for some assets. 2024, however, has disappointed many, with much lower margins amid continuous capacity additions. In this session, we will explore the current battery landscape in ERCOT, deep dive into what happened in 2024, and provide our forecasts on where things are expected to be headed, including key market design changes in the works.
This session will cover the following topics:
- Battery landscape:
- What do current battery capacity and the battery pipeline look like in ERCOT?
- 2024: Blip or the new normal?
- How did summer 2024 compare to summer 2023 in terms of prices and battery margins?
- How fast has the market been saturating, and what can we expect in the future?
- Our battery forecast:
- What is the forecasted evolution of battery capacity and generation in ERCOT?
- What are the projected battery revenues through 2050?
- Upcoming policy and market developments:
- What market impacts could we expect from the Real-Time Co-optimization of ancillary services (RTC)?
- How do we expect the new ancillary service, Dispatchable Reliability Reserve Service (DRRS), to impact the market?
If you are interested in joining the session, please reach out to Danielle Startsev.
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