Transmission Battery Storage in Great Britain: Mid-Year Roundup with Shaniyaa Holness-McKenzie and Robyn Lucas
The first six months of 2024 have seen lots of updates for battery energy storage. Despite buildout levels being lower than anticipated, the sector has experienced several impactful changes that have influenced both operations and revenue potential. In today’s episode, we explore the headlines and take a look at the factors driving these.
Modo Energy’s Director of Data Science, Robyn Lucas, and Market Analyst, Shaniyaa Holness-McKenzie share a round-up of the first half of 2024. Over the course of the conversation, they discuss:
- The reasons behind delays in battery buildout and projections for the next quarter.
- Revenue trends from January to June and the driving factors behind these trends.
- New markets for Battery Energy Storage Systems (BESS), with a spotlight on Balancing Reserve.
- Significant market changes, including the Open Balancing Platform's bulk dispatch tool and the 30-minute rule's impact on increasing battery dispatch volumes.
- An overview of capacity market results and potential reforms.
- And much, much more.
Mentioned in the episode.
About Modo Energy
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