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Energy Unplugged by Aurora
EP.178 Ralph Johnson on Battery Storage Optimisation
Feb 1, 2024
Ralph Johnson, Head of UK Business Development at Habitat Energy, discusses battery storage optimization, strategies of battery asset owners, and the future of the battery market. They explore the importance of a good battery optimiser, maximizing lifetime value for battery storage projects, and the advantages of building optimization software internally. They also discuss the value of a good optimizer during difficult trading periods and the impact of asset saturation and changes to the balancing market. Lastly, they compare the markets of UK, Australia, and Texas in the US and highlight the differences in trading and opportunities for battery storage.
01:01:32
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Quick takeaways
- Habitat Energy differentiates themselves by incorporating physical criteria like temperature and discharge depth into their optimization decisions.
- Human involvement is crucial in battery optimization despite the increasing role of algorithm-based decision-making.
Deep dives
Habitat Energy's Role in Battery Storage Optimization
Habitat Energy is a leading battery storage optimizer in the UK and globally. They specialize in optimization services for standalone and co-located renewables and energy storage. With 500 megawatts currently operational and an additional 500 megawatts contracted, Habitat Energy has seen significant growth in their portfolio. They focus on maximizing revenue and lifetime value for their clients' assets by utilizing machine learning and algorithmic dispatch. Habitat Energy's expertise in market forecasting, data handling, and risk management sets them apart as one of the top optimizers in the industry.
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