Modo Energy’s Post

Kinetic Energy Generation Systems are, or should I say have developed renewable energy generation that might have allowed for these batteries to be full, not waiting to be charged up, because unlike solar and wind, KEGS do not rely on nature. Whilst a significant amount has been brought to the table with this innovative technology development, to answer the questions thrown up by this research and development journey, we are still in search of additional investment to corollate the technology developed with the first commercial unit and demonstration site. 240MW. Imagine if you have or are going to invest/ed in the KEGS journey and what happened here, happens again, and you know it will. If you are thinking of speculating on a sure solar or wind project, why not support this new technology, what would the ROI have been? *Only direct genuine contact will be answered. Wholesale prices surge as wind and solar output falls to zero in South Australia | RenewEconomy https://lnkd.in/gXB7Fm9f

Another good explainer from enspired about the different type of markets for BESS plus an update on the German market. #energytransition #netzero #renewables #energy #Germany #energymarkets #BESS #storage #markets

🚀 Publication Alert! 🚀 💡 We are thrilled to announce that our latest research paper, titled "System-wide benefits of temporal alignment of wholesale-retail electricity prices," has been accepted in Applied Energy. 📝 This paper analyzes to what extent alternative temporal granularities for retail electricity pricing capture the benefits of real-time pricing (RTP) while concurrently considering the influence of three distribution tariff types in distorting the pricing signal. Here are the key findings from our study: ✅ While decreasing the temporal granularity of retail electricity prices increases total system costs due to a less efficient generation mix, three-hourly or six-hourly pricing can still approximate the benefits of RTP. ✅ Lowering the temporal granularity of retail electricity prices impacts wholesale market prices, leading to higher average offtake prices and lower average injection prices for consumers, influenced by changes in consumption patterns. ✅ Capacity-based tariffs help reduce system offtake peaks and associated price hikes by incentivizing battery discharge during peak consumption periods. On the other hand, volumetric tariffs tend to over-incentivize solar PV investments, resulting in the highest offtake prices and injection peaks. 🎓 Yucun Lu, Chiara Gorrasi, Jelle Meus, Kenneth Bruninx and Erik Delarue are the authors of this paper. #EnergyResearch #RealTimePricing #DistributionTariff #ADMM 🔗 Read the full publication here: https://lnkd.in/dttxdMig

Some striking data was released in the Australian Energy Regulator’s (AER) latest Wholesale Markets Quarterly Report ⬇ Seasonal changes and weather-related events contributed to increased wholesale electricity and gas prices during January to March 2024 compared with the previous quarter. #marketing #digitalmarketing #Zembl #energy #businessenergy #energymarket #energyprices #AER

🔋 Optimising battery storage systems to align with network tariffs is a critical consideration for both developers and Distribution System Operators (DSOs), especially behind-the-meter projects where these price signals are often the strongest. Based on the network tariffs that the DSOs set, developers will consider these price signals in how they operate their assets. Depending on how substantial these price signals are, the more important they are in the value stack. To examine the impact of different optimisation strategies, we set up a project in Gridcog with the following parameters: - Load Profile: A data centre with a relatively constant load, peaking at 1440kW and consuming 10.2GWh annually. - Solar PV: 2000kW capacity. - Battery Energy Storage System (BESS): 2000kWh with a 2-hour discharge duration. - Location: London, exposed to UK Power Networks (UKPN) HV Band 4 tariff, Transmission Network Use of System (TNUoS) charges, and Day-Ahead hourly wholesale prices for exporting. Read on to observe the battery's State of Charge (SoC) throughout the year under three different optimisation scenarios. ➡ https://lnkd.in/eZTrFKAt

When power suppliers compete in a wholesale electricity market, customers save money. FirstEnergy expects a 27% reduction - $101.08 per MWh down to $73.89 per MWh - in wholesale power costs compared to last year, which will be passed on to thousands of Ohioans starting this June.   Read more: https://lnkd.in/dsiBANux #powermarkets #ohio

Every significant achievement starts as a simple idea. Give your ideas the attention they deserve, and watch them evolve into something extraordinary. With dedication and effort, what was once a thought can become your new reality. 🌐 https://lnkd.in/eqXn3zNm #smallbusiness #smallbusinessowner #brickandmortar #energysaving #energyrates #businessowner #businessenergy #lockrate #lockedrates #electricity #naturalgas #savingenergy #energysupply #energysupplier #energy #suppliers #power #electricitybill #electricitysuppliers #fixedrate #fixedpriceservice #fixedelectricityrate #wholesaleenergy #wholesalepricing #commercialenergy #energychoice #energyconsultation #energyconsulting #energyconsultant #businesstips #businesstiktok #businesstips101 #powerfulenergy #ratehike #ratehikes #ratehikes2024 #priceprotection #utilities #freeconsultation #freevaluation #freeanalysis #freeevaluations #energyaudits

Every significant achievement starts as a simple idea. Give your ideas the attention they deserve, and watch them evolve into something extraordinary. With dedication and effort, what was once a thought can become your new reality. 🌐 https://lnkd.in/en-g5rBh #smallbusiness #smallbusinessowner #brickandmortar #energysaving #energyrates #businessowner #businessenergy #lockrate #lockedrates #electricity #naturalgas #savingenergy #energysupply #energysupplier #energy #suppliers #power #electricitybill #electricitysuppliers #fixedrate #fixedpriceservice #fixedelectricityrate #wholesaleenergy #wholesalepricing #commercialenergy #energychoice #energyconsultation #energyconsulting #energyconsultant #businesstips #businesstiktok #businesstips101 #powerfulenergy #ratehike #ratehikes #ratehikes2024 #priceprotection #utilities #freeconsultation #freevaluation #freeanalysis #freeevaluations #energyaudits

Battery energy storage revenues in Great Britain increased by 3% in February to £22.6k/MW/year. The GB BESS index increased following three consecutive months of falling revenue. Lower wholesale revenues were more than offset by increased Balancing Mechanism and frequency response revenues. Rising Dynamic Regulation High prices caused frequency response revenues to increase by 6%. Wholesale revenues fell 3%, as average wholesale day-ahead spreads reduced to £40/MWh, 20% lower than January levels. In-merit dispatch rates for batteries reached 6.5%, up from 4.5% in January. This follows improvements to the Bulk Dispatch functionality the ESO uses to instruct batteries. As a result of these improvements, a record 1.5 GWh of battery Bids and Offers were dispatched in the Balancing Mechanism. This caused Balancing Mechanism revenues to rise 11% to £7.5k/MW/year, their second-highest figure ever.