The state of storage in ERCOT with Brandt Vermillion (Market Lead @ Modo Energy)

Battery energy storage in ERCOT is accelerating fast! At the start of 2023, total installed storage sat at 1.96 GW of operational capacity - one year later that number exceeds 4GW, and ERCOT’s predictions see capacity reaching 10GW by the end of 2024. What factors have influenced this buildout, and in what ways are we seeing batteries participate in the market?

In today’s episode, guest host Wendel Hortop is joined by ERCOT Market Lead, Brandt Vermillion. Over the course of the conversation, they discuss:

• Storage capacity in ERCOT at present, as well as what future buildout is in the pipeline.
• Peak demand in Texas and how load is expected to boom.
• Which markets storage participates in and why saturation isn’t as important in ERCOT.
• The differences in volatility between ERCOT and Great Britain and a look at some of the most recent price spike events.
• The strategies employed by some of the major players.

About Modo Energy

Modo Energy provides benchmarking, forecasts, 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. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on LinkedIn or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different energy systems work.