The HC Commodities Podcast
How Batteries are Changing Power Markets with Casey Keller
Oct 15, 2024
Casey Keller, Head of Assets and Development at Caerus Commodities, dives into the transformative role of utility-scale batteries in power markets. He discusses their crucial function in grid management, especially with the growth of renewables. The conversation covers significant advancements in battery technology, contrasting U.S. and European adoption, and the complexities of trading battery assets. Casey also highlights the importance of ancillary services in maintaining grid stability and the evolving strategies in battery trading that are reshaping energy markets.
45:48
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Quick takeaways
- The rapid growth of utility-scale batteries across power markets is reshaping energy management by capitalizing on price fluctuations and optimizing profitability.
- Different battery types, specifically behind-the-meter and front-of-the-meter systems, highlight the varied approaches to energy storage and trading in evolving power markets.
Deep dives
The Growth of Battery Storage in Power Markets
The increasing importance of battery storage in power markets is transforming energy management. Over the past few years, utility-scale batteries have seen exponential growth in the U.S., with over 10 gigawatts installed in California's ISO alone. This trend is not only prevalent in the U.S. but is also applicable to Europe, illustrating a global shift in energy infrastructure. Leveraging lithium-ion technology, these batteries serve predominantly as financial assets, aiming to capitalize on energy price fluctuations by buying low and selling high.
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