Battery energy storage in ERCOT is accelerating fast! At the start of 2023, total installed storage sat at 1.96 GW of operational capacity - one year later that number exceeds 4GW, and ERCOT’s predictions see capacity reaching 10GW by the end of 2024. What factors have influenced this buildout, and in what ways are we seeing batteries participate in the market?
In today’s episode, guest host Wendel Hortop is joined by ERCOT Market Lead, Brandt Vermillion. Over the course of the conversation, they discuss:
- Storage capacity in ERCOT at present, as well as what future buildout is in the pipeline.
- Peak demand in Texas and how load is expected to boom.
- Which markets storage participates in and why saturation isn’t as important in ERCOT.
- The differences in volatility between ERCOT and Great Britain and a look at some of the most recent price spike events.
- The strategies employed by some of the major players.
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