
Transmission What’s driving America’s uneven battery energy storage boom (Modo Energy)
Nov 11, 2025
Join Pete Berini, Director of Industry at Modo Energy with 15 years in power market modeling, and Brandt Vermillion, U.S. Research Lead with hands-on ISO experience. They dissect America’s fragmented energy landscape, highlighting the regional differences in battery storage and clean energy assets. Discover the impact of recent federal policy changes, evolving storage economics, and the importance of transparency for investors. The duo shares insights on market-specific motivations, capacity markets, and the future of energy with a touch of contrarian views.
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Same Hardware, Different Economics
- ERCOT, CAISO and PJM reward different behaviors, so identical batteries have different economics across states.
- Market structure, policy and volatility shape whether short-duration or long-duration systems make money.
Mature Vs Emerging Market Dynamics
- Mature markets like CAISO and ERCOT are shifting revenue mixes from ancillary services toward energy arbitrage.
- Emerging markets (PJM, NYISO, MISO) remain policy-driven rather than purely merchant-driven.
Policy Pulls Projects Forward
- Federal tax rules changed via the IRA and OBBBA, shifting who can qualify for tax credits and when.
- Those shifts pull some projects forward short-term and create regional variance in deployment timing.
