Transmission Modo Selects: Offsetting carbon with batteries with Emma Konet (Co-Founder & CTO @ Tierra Climate)
Battery energy storage systems in Great Britain are projected to save 1.4 million tonnes of CO2 in 2024. Carbon emission savings are achieved directly through a battery's energy actions, by importing low-carbon energy and exporting it when demand is high, whilst other methods include frequency response services and inertia management savings.
However, a battery's ability to reduce emissions is not inherent. Typically, they are operated to maximize profit, which may not always align with carbon-saving goals. For batteries to serve as effective tools for offsetting, there must be incentives to engage in emission-reducing behaviours. Insights into better carbon accounting and integration of storage into carbon accounting frameworks are some of the ways that can help identify how and where batteries can make the most impact.
In this episode, Quentin talks to Tierra Climate Co-founder and CTO, Emma Konet. Over the course of the conversation, they discuss:
- The ‘four quadrants’ of carbon offsetting and where battery energy storage sits in this framework.
- The complexities in accurately measuring emissions and the role of voluntary carbon markets.
- Using locational marginal emissions factors for accurate carbon measurement.
- Discussion on the operational challenges of batteries in reducing emissions.
- The potential for carbon offsets to support energy storage projects financially.
Mentioned in the episode
- Modo Energy’s research article: Carbon emissions reduced by batteries in Great Britain
- White paper: supercharging battery economics, shrinking emissions
About our guest
Tierra Climate provide carbon insights to aid developers in siting and operations as well as assist corporations and utilities in making more informed procurement decisions and helpinf batteries decarbonize the grid. They offer a new class of carbon offsets that can boost battery project revenues, help accelerate decarbonization and improve grid reliability. For more information on what they do - visit their website.
About Modo Energy
Modo Energy provides forecasts, benchmarking, data, and insights for new energy assets - all in one place. Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets.
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