Transmission

How is electricity traded? And what is 'imbalance settlement'? The Balancing and Settlement Code, or BSC, is a document outlining the rules of the balancing mechanism and imbalance pricing in Great Britain. In today's episode, Quentin speaks to Aditi Tulpule, Legal Counsel at Elexon - the organisation that manages imbalance pricing and payment. In this episode they discuss:

• A brief history of the BSC, how it works, and why it's integral to the smooth running of the balancing mechanism.
• The importance of data transparency in our newly decentralised, increasingly real-time energy system.
• Why innovation and collaboration are vital when it comes to creating market environments that work for all parties.
• Recent regulatory changes that participants need to be aware of (including where energy storage fits into the 'generation vs. supply' categorisation).
• And, of course, Elexon's role in all of the above.

Find Aditi on LinkedIn: linkedin.com/in/aditi-tulpule-4693448

Elexon is a not-for-profit entity, funded by electricity market participants. It was established to manage the Balancing and Settlement Code. For more information on Elexon, head to: https://www.elexon.co.uk/

Modo is a leading voice in the world of battery energy storage. We provide transparency around BESS revenues, as well as unique research and analysis to help you get to grips with energy markets. To find out how we can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

Batteries are pretty cool inventions! And we’re only scratching the surface of what they’re capable of. They have a multitude of applications - in energy storage and beyond. On today’s episode, Marek Kubik (Managing Director, Fluence) joins Quentin to discuss everything you need to know about batteries. Their conversation covers:

• The flexible characteristics of different cell chemistries.
• Current supply chain issues and limitations in transporting batteries.
• The pros and cons of different battery types, and their suitability for longer-duration storage.
• How the emerging Irish battery energy storage market compares to Great Britain’s.
• And, of course, where Fluence fits into all of this.

Fluence is a global leader in energy storage and digital applications, for renewables and storage. For more information on Fluence, visit: https://fluenceenergy.com/

Marek is a cleantech entrepreneur, energy industry thought leader, TEDx speaker, and technology futurist. Find him on LinkedIn: linkedin.com/in/mlkubik

To find out more about the state of play for battery energy storage in Ireland, make sure to read Modo’s new report on the subject. You can find it on Phase, our new media network dedicated to energy markets: https://platform.modo.energy/phase

Modo is a leading voice in the world of battery energy storage. We provide transparency around BESS revenues, as well as unique research and analysis to help you get to grips with energy markets. To find out how we can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

As the world of battery energy storage grows, so does the opportunity for strategic investment. Ben Guest has been investing in battery energy storage systems (BESS) since the beginning, and is the Managing Director and Lead Fund Manager at Gresham House New Energy - which has the largest BESS portfolio in Great Britain. Ben joins Quentin to discuss:

• The history and evolution of markets for batteries in GB.
• Which elements of the battery energy storage model are most mature (and which are lagging behind).
• Why floor price contracts don’t make sense from an investment point of view.
• The increasing complexity of specialist BESS optimisation.
• And, of course, where Gresham House fits into all of this.

Gresham House is a specialist asset manager, implementing alternative investment solutions to support a more sustainable future. For more information on Gresham House, visit: https://greshamhouse.com

You can find Ben on LinkedIn at: https://www.linkedin.com/in/ben-guest-b158069/

Modo is a leading voice in the world of battery energy storage. We provide transparency around BESS revenues, as well as unique research and analysis to help you get to grips with energy markets. To find out how we can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

What goes into actually building a battery energy storage system? Amit Gudka joins Quentin to talk about his experiences at Field, the company he founded. Field is moving extremely quickly - the plan being to develop, own, operate, and optimise assets - in a bid to become a major player in the future energy system. Their conversation takes in:

The growing need for newbuild renewable infrastructure.

• Investor appetite in a rapidly expanding market.
• Learnings from actually building battery energy storage systems.
• The increasing demand for lithium, and potential supply chain issues.
• And, of course, where Field fits into all of this.

Find Amit on Linkedin: linkedin.com/in/amit-gudka-928180b1

Field’s aim is to finance, build, operate and monetise the renewable infrastructure needed to reach net-zero. To find out more about what they do, head along to: https://www.field.energy/

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

Ever wondered what goes into connecting a battery to the grid? Andreas Fritzsche (Managing Director) and Matt Paterson (Sales Director) from Ethical Power Connections Ltd. chat with Quentin, and lay it out step by step. In this episode they discuss:

• The role of an Independent Connection Provider (ICP).
• Common constraints in the connection process.
• What to take into account from an investment point of view.
• Supply chain issues in a post-COVID world.
• And, of course, where Ethical Power Connections fits into all of this.

Find both Matt & Andreas on LinkedIn -

Matt: linkedin.com/in/mattpaterson1

Andreas: linkedin.com/in/andreas-fritzsche-b66967a8

Ethical Power Connections Ltd. is a high voltage power engineering contractor. For more information on what they do, head over to: https://ethical-power.com

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

What does it take to build a successful startup in the energy storage space? Matt Allen, CEO and co-founder of Pivot Power, joins Quentin to share his insights into the future of energy storage and EVs, building big batteries, as well as a host of other lessons learned in life and in industry. The pair discuss:

• Why we need to move rapidly in the transition to net-zero.
• The dream of a distributed, lithium-ion equivalent to Dinorwig.
• How this relates to the electrification of transport.
• Building the battery that helps power Arsenal's Emirates Stadium.
• And why it's so important to bring everybody - colleagues, football fans, Matt's mom - along for the journey to net-zero.

Find Matt on LinkedIn: linkedin.com/in/matt-allen-318b426

Pivot Power develop and build low carbon infrastructure. To find out more about what they do, head along to: https://www.pivot-power.co.uk/

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

In this episode, we discuss one of the most ambitious projects the world has ever seen. Harnessing the power of the Moroccan sun and transporting the subsequent electricity 3800 kilometers to Great Britain, Xlinks is building an interconnector project whose sheer size will eclipse anything else of its ilk. Project Director Richard Hardy joins Quentin to discuss:

• How interconnectors work.
• The technical challenges involved in building a project of this size.
• Getting multiple governments and countries on board.
• Why this project is only the beginning.
• And, of course, where Xlinks fits into all of this.

Xlinks exists to capture the power of nature to generate a near constant, low-cost energy supply and connect it to the point of consumption in real time. To find out more about what they do, head along to: https://xlinks.co/

Find Richard on Linkedin: https://www.linkedin.com/in/rhardy92/

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

As our battery energy storage fleet continues to grow, we’re seeing more new faces enter the optimisation space. But how does a startup even begin to go about controlling battery energy storage systems? In this episode, Entrix’s founder Steffen Schülzchen joins Quentin to discuss:

• How to enter into battery energy storage optimisation.
• What non-physical trading means in reality.
• Navigating Elexon and the BSC.
• Building a startup in the energy storage industry.
• And, of course, where Entrix fits into all of this.

Entrix is an optimisation and trading platform for grid-scale battery storage that accelerates the transition towards a clean energy future. To find out more about what they do, head along to: https://www.entrixenergy.com/

Find Steffen on LinkedIn: https://www.linkedin.com/in/steffen-schuelzchen/

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

Wind power is contributing more than ever before to our energy system. But what are the challenges surrounding the buildout and optimisation of our ever-growing offshore wind fleet? In this episode, Ørsted’s Bridgit Hartland-Johnson joins Quentin to discuss:

• What goes into building an offshore wind farm.
• How CfDs (contracts for difference) work.
• Why we need more battery energy storage to support our growing wind fleet, and the prospects for wind and BESS co-location.
• What the business models for wind and energy storage look like.
• And, of course, where Ørsted fits into all of this.

Referenced in the episode:

National Grid ESO - Future Energy Scenarios (https://www.nationalgrideso.com/future-energy/future-energy-scenarios)

Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage systems, and other infrastructure. To find out more about how Ørsted is helping to build the future energy system, head along to: https://orsted.co.uk/

Find Bridgit on LinkedIn: linkedin.com/in/bridgit-hartland-johnson-20250012

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/

Bitcoin mining is one of the most controversial topics in energy right now. Its supporters believe that it has the potential to create new and flexible commercial avenues for energy infrastructure, while its detractors say that it’s a waste of energy that would be better used elsewhere. In this episode, Modo’s Chief Product Officer Nima Tabatabai joins Quentin to discuss:

• Bitcoin’s energy usage - past, present, and future.
• How bitcoin mining works.
• Potential opportunities for intermittent renewables.
• Long-term impacts on the energy industry.
• And, of course, why this topic engenders such strong opinions on both sides of the divide.

Referenced in the episode:

Bitcoin Mining Council Data Review - Q4 2021 (https://bitcoinminingcouncil.com/wp-content/uploads/2022/01/2022.01.18-BMC-Q4-2021.pdf)

The Bitcoin Mining Network: Energy and Carbon Impact (https://coinshares.com/research/bitcoin-mining-network-2022)

Nima is a long-term bitcoiner and a co-founder of Optimize Infrastructure, a company sitting at the intersection of bitcoin mining, solar and storage. To find out more about what they do, head along to: https://optimizeinfrastructure.com/

Find Nima on Linkedin: https://www.linkedin.com/in/nima-tabatabai

Phase by Modo is a media network dedicated to energy markets and energy storage in Great Britain. Make sure to subscribe to the podcast. To find out how Modo can help you build the future energy system, check out: https://modo.energy/

To keep up with all of our latest Insights, follow us on LinkedIn: https://www.linkedin.com/company/modo-energy/