Modo Energy’s Post

Batteries earned 6% of their total revenues from Quick Reserve on the first delivery day of the new service. The first auction for the service closed on Tuesday 3rd November, with first delivery on Wednesday 4th November. It marks the second reserve service launched by NESO this year, following the launch of Balancing Reserve in March. The difference between these services is that Quick Reserve requires fast response times—ideal for battery energy storage. 36 batteries participated in the first auction, securing 95% of all accepted volume. Quick Reserve revenues are live on the terminal now, and you can head to the article to find out more about how batteries did in the service on its first day - https://lnkd.in/ecPsyhZc

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Steve Sommerville

Managing Director at Aurora Power Consulting

4w

Yingxun Zhou interesting!

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