With the rise of AI-driven solutions for optimisation of trading using battery energy storage system (BESS) assets, Prudence Heck and Andrew Young of Spearmint Energy consider strategies and risks.
Presenting the most-read news stories on Energy-Storage.news for the first half of 2023, including policy, technology and market developments shaping the industry.
Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.
The co-founder of new US developer Granite Source Power (GSP) discussed its for-sale 2GW ERCOT BESS pipeline including a large, 500MW project near Houston, and why it entered the market.
BESS projects in ERCOT, Texas, will be hit by a double whammy of market saturation and new rules around minimum state-of-charge (SOC), as the technology helps the state battle a severe heatwave.
Investing in numerous smaller grid-scale energy storage projects minimises downside risk and can mean getting projects in the ground two years’ quicker, developer Agilitas Energy told Energy-Storage.news.
Developers Spearmint Energy, On.Energy, Nexus Renewables and Granite Source Power have collectively secured US$300 million for US battery storage projects, the bulk by Spearmint.
