Transmission

In just one month, the new Labour government has taken significant positive steps toward improving the British energy system. However, to achieve the net-zero targets, much more needs to be done.

The approach to implementing these changes is crucial for the system's success. Is radical market reform essential, or could it cause more harm than good? How will the migration of many public-to-private sector workers over the years impact progress, now that many mechanisms have been given the go-ahead?

Regen recently published their ‘Accelerating Clean British Power’ report highlighting their calls to Labour for its first 100 days in government. In this episode, Merlin Hyman, Chief Executive at Regen, joins Ed Porter to discuss:

• Some of the key highlights of Regen’s ‘Accelerating Clean British Power’ Report.

• Labour's initiatives to date and the proposals outlined in their manifesto.

• Potential developments in market mechanisms as renewable energy generation continues to evolve.

• Regen’s stance on zonal vs national pricing - could radical reform scare off investment?

Mentioned in the episode

Regens ‘Accelerating clean British power – our call to Labour for its first 100 days in government’.

Regen's ‘Progressive market reform for a clean power system’

More information on the Electricity Storage Network.

About our guest

Regen is an independent not-for-profit centre of energy expertise and market insight whose mission is to transform the world’s energy systems for a zero carbon future. Regen offers independent expert advice and market insight on all aspects of sustainable energy delivery to support a range of public and private sector organisations to make the most of their clean energy opportunities. For more information on what Regen do, check out their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, 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 battery energy storage systems work. For more information on energy policy and market reform, check out our written research.

In just one month, the new Labour government has taken significant positive steps toward improving the British energy system. However, to achieve the net-zero targets, much more needs to be done.

The approach to implementing these changes is crucial for the system's success. Is radical market reform essential, or could it cause more harm than good? How will the migration of many public-to-private sector workers over the years impact progress, now that many mechanisms have been given the go-ahead?

Regen recently published their ‘Accelerating Clean British Power’ report highlighting their calls to Labour for its first 100 days in government. In this episode, Merlin Hyman, Chief Executive at Regen, joins Ed Porter to discuss:

• Some of the key highlights of Regen’s ‘Accelerating Clean British Power’ Report.

• Labour's initiatives to date and the proposals outlined in their manifesto.

• Potential developments in market mechanisms as renewable energy generation continues to evolve.

• Regen’s stance on zonal vs national pricing - could radical reform scare off investment?

Mentioned in the episode

Regens ‘Accelerating clean British power – our call to Labour for its first 100 days in government’.

Regen's ‘Progressive market reform for a clean power system’

More information on the Electricity Storage Network.

About our guest

Regen is an independent not-for-profit centre of energy expertise and market insight whose mission is to transform the world’s energy systems for a zero carbon future. Regen offers independent expert advice and market insight on all aspects of sustainable energy delivery to support a range of public and private sector organisations to make the most of their clean energy opportunities. For more information on what Regen do, check out their website.

About Modo Energy

Modo Energy provides forecasts, benchmarking, 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 battery energy storage systems work. For more information on energy policy and market reform, check out our written research.

Energy market design across the US varies from one Regional Transmission Operators (RTOs) or Independent System Operators (ISOs) to another. With each organization encompassing a distinct generation mix, the market design differs to optimize outcomes with their respective infrastructure and tools on hand. With the increase of storage and renewables growing, what changes in market design are we seeing and what policy shifts are in motion to support this going forward?

In today’s episode, Quentin talks with Gary Cate, Director of Energy Market Analytics at Fluence USA. Over the conversation, Gary and Quentin cover:

• Key differences in market designs across RTO’s and ISO’s across the USA
• ERCOT’s market design and its intended goals.
• How current market design supports battery energy storage.
• The key considerations for market designers with more renewables connecting to the grid.
• Policy Hot Topics for Battery Energy Storage

About our guest

Fluence is on a mission to create a more sustainable future by transforming the way we power our world. Fluence brings proven energy storage products and services, and digital applications for renewables and storage to support the modernization of our energy networks. For more information on the services Fluence provides, check out their website

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 battery energy storage systems work. For more information on market design, check out our written research.

Energy market design across the US varies from one Regional Transmission Operators (RTOs) or Independent System Operators (ISOs) to another. With each organization encompassing a distinct generation mix, the market design differs to optimize outcomes with their respective infrastructure and tools on hand. With the increase of storage and renewables growing, what changes in market design are we seeing and what policy shifts are in motion to support this going forward?

In today’s episode, Quentin talks with Gary Cate, Director of Energy Market Analytics at Fluence USA. Over the conversation, Gary and Quentin cover:

• Key differences in market designs across RTO’s and ISO’s across the USA
• ERCOT’s market design and its intended goals.
• How current market design supports battery energy storage.
• The key considerations for market designers with more renewables connecting to the grid.
• Policy Hot Topics for Battery Energy Storage

About our guest

Fluence is on a mission to create a more sustainable future by transforming the way we power our world. Fluence brings proven energy storage products and services, and digital applications for renewables and storage to support the modernization of our energy networks. For more information on the services Fluence provides, check out their website

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 battery energy storage systems work. For more information on market design, check out our written research.

Curious about the world of power trading? The sector has undergone significant changes over the years and is continuing to evolve as the generation stack transforms. This episode explores the shift from manual trades to data-driven strategies and examines how these changes have impacted the market. We explore the complexities and strategies involved in power trading, focusing on the role of renewable energy in today’s trading landscape.

In this Modo Selects episode, we revisit an earlier conversation from January 2023, featuring Julie Arnold, Head of Power, Gas, and Emissions at Dare. Julie shares her extensive experience in the evolving energy markets, delving into the complexities of power trading.

Over the conversation Quentin and Julie cover the following key points:

• An overview of power trading and its evolution over the past 20 years.
• The impact of interconnectors on the market.
• The role of data and information flow in power trading.
• The effects of Exchanges entering the market and how they have transformed the landscape.
• Julie’s insights on what makes a great power trader.

About our guest

Dare are an energy tech company generating liquidity and value across global commodities markets.

Combining deep trading expertise with proprietary technology, Dare are harnessing the power of data science to help the world reach a renewable future, faster. They plan to help renewable asset owners navigate the energy markets, secure superior returns, and create long-term investment plans for a more sustainable future. For more information visit their website.

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 battery energy storage systems work. For more information on interconnection to the grid, check out our written research.

Curious about the world of power trading? The sector has undergone significant changes over the years and is continuing to evolve as the generation stack transforms. This episode explores the shift from manual trades to data-driven strategies and examines how these changes have impacted the market. We explore the complexities and strategies involved in power trading, focusing on the role of renewable energy in today’s trading landscape.

In this Modo Selects episode, we revisit an earlier conversation from January 2023, featuring Julie Arnold, Head of Power, Gas, and Emissions at Dare. Julie shares her extensive experience in the evolving energy markets, delving into the complexities of power trading.

Over the conversation Quentin and Julie cover the following key points:

• An overview of power trading and its evolution over the past 20 years.
• The impact of interconnectors on the market.
• The role of data and information flow in power trading.
• The effects of Exchanges entering the market and how they have transformed the landscape.
• Julie’s insights on what makes a great power trader.

About our guest

Dare are an energy tech company generating liquidity and value across global commodities markets.

Combining deep trading expertise with proprietary technology, Dare are harnessing the power of data science to help the world reach a renewable future, faster. They plan to help renewable asset owners navigate the energy markets, secure superior returns, and create long-term investment plans for a more sustainable future. For more information visit their website.

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 battery energy storage systems work. For more information on interconnection to the grid, check out our written research.

Ever wondered how energy storage projects go from concept to reality? What do developers consider when planning interconnections to the grid? ERCOT's unique approach to interconnections is a game changer for energy storage projects, allowing faster and more flexible grid connections. But how does this compare to other ISOs across America, and what factors are crucial when considering interconnections?

In this episode, Quentin is joined by Ramsey Ayass, Senior Vice President of Grid Strategy at SMT Energy, to discuss the intricacies of battery energy storage development in ERCOT and beyond.

Over the course of the conversation, they explore:

• The process of securing grid interconnection for new storage projects in ERCOT.
• ERCOT's approach to grid interconnection compared with other markets like CAISO, MISO, and SPP.
• Key considerations when selecting a site and the importance of understanding grid conditions.
• The opportunities and challenges developers face when building Battery Energy Storage Systems (BESS) in ERCOT.
• The potential business case for BESS across U.S. markets as demand increases.

About our guest

Founded in 2019 SMT Energy has grown to encompass over 1.5 gigawatts of renewable energy projects. The company focuses on battery energy storage infrastructure in strategic high-value locations to generate resilient revenue in the fast-evolving clean energy landscape. For more information about SMT Energy, visit their website.

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 battery energy storage systems work.

Ever wondered how energy storage projects go from concept to reality? What do developers consider when planning interconnections to the grid? ERCOT's unique approach to interconnections is a game changer for energy storage projects, allowing faster and more flexible grid connections. But how does this compare to other ISOs across America, and what factors are crucial when considering interconnections?

In this episode, Quentin is joined by Ramsey Ayass, Senior Vice President of Grid Strategy at SMT Energy, to discuss the intricacies of battery energy storage development in ERCOT and beyond.

Over the course of the conversation, they explore:

• The process of securing grid interconnection for new storage projects in ERCOT.
• ERCOT's approach to grid interconnection compared with other markets like CAISO, MISO, and SPP.
• Key considerations when selecting a site and the importance of understanding grid conditions.
• The opportunities and challenges developers face when building Battery Energy Storage Systems (BESS) in ERCOT.
• The potential business case for BESS across U.S. markets as demand increases.

About our guest

Founded in 2019 SMT Energy has grown to encompass over 1.5 gigawatts of renewable energy projects. The company focuses on battery energy storage infrastructure in strategic high-value locations to generate resilient revenue in the fast-evolving clean energy landscape. For more information about SMT Energy, visit their website.

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 battery energy storage systems work.

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.

• Analysis exploring the correlation between battery revenues and wind generation in Great Britain.

• Podcast: Tolling agreements and the wider market impacts with Ben Guest (Managing Director, New Energy & Fund Manager @ Gresham House Energy Storage Fund)

• Podcast: REMA review with Wendel Hortop and Robyn Lucas (Modo Energy)

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 battery energy storage systems work.

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.

• Analysis exploring the correlation between battery revenues and wind generation in Great Britain.

• Podcast: Tolling agreements and the wider market impacts with Ben Guest (Managing Director, New Energy & Fund Manager @ Gresham House Energy Storage Fund)

• Podcast: REMA review with Wendel Hortop and Robyn Lucas (Modo Energy)

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 battery energy storage systems work.