enspired

Guess what? Battery storage is booming! What news, huh? 😜 Nevertheless, as it's a very new market, you should follow all the latest news around it because changes are happening, and they are dynamic.💥 Here’s what every battery storage optimizer needs to know from the latest report conducted by Tamarindo: 👉Rapid Growth & Future Projections To achieve net-zero emissions by 2050 and meet the Paris Agreement goals, we need a six-fold increase in energy storage deployment by 2030, reaching a massive 1,500 GW. 🌍 👉Evolving Revenue Streams The UK market saw a saturation in ancillary services in late 2023, causing prices to drop. This shift pushes us to master balancing mechanisms, intraday trading, and net imbalance volume (NIV) chasing. 📉 Investors are now focusing on geographic diversification and innovative mechanisms like Australia’s cap and floor system to secure returns. 🌏 👉Market Dynamics Despite the challenges, investors are more confident with merchant risk. The volatility seen in 2021-2022, driven by gas prices and higher renewable penetration, underscores the value of flexible assets like BESS. 🔄 Ancillary services in the UK are over-saturated, pushing operators to explore wholesale trading, which requires a whole new set of skills and expertise. 💼 👉Key Challenges & Innovations The decline in energy arbitrage revenues and saturation of ancillary markets took many by surprise. Future revenue streams must be underpinned by the wholesale market to ensure long-term viability. 💡 Physical stacking of batteries can be a game-changer, especially in land-scarce regions like the UK, provided it gains acceptance from the insurance community. 🏗️ Building in duration optionality is crucial. Designing for future needs, such as potential shifts from two-hour to four-hour durations, is essential for maximizing future revenues. ⏳ 👉Global Opportunities Markets across Europe are gearing up for higher decarbonization and electrification needs, presenting opportunities for energy storage to alleviate grid congestion and improve voltage control. 🌐 Tolling arrangements are gaining traction as investors seek more stable and predictable revenue streams amidst market fluctuations. 🔄 The takeaway? Stay adaptable, embrace geographic diversification, and innovate relentlessly to maximize your BESS revenues. The future of energy storage is bright, and with strategic planning, we can drive the transition to a more sustainable and resilient energy landscape. 🚀 Here you can download the full report:➡️https://hubs.la/Q02HnX290 #energystorage #BESS #renewableenergy #Investment #sustainability #cleanenergy #gridstability #batterystorageoptimization

Where did we lose 2 GW of power last week in Germany?👀🕵️♀️ Last week started off with an interesting event in Germany—a short-system of over 2 GW around 6-7 pm CET, on Monday the 15th, driven mainly by Amprion GmbH and TransnetBW GmbH grids. 🔌 The reason was wind volumes coming in under forecasts alongside a coal plant outage. It resulted in aFRR-up activations of over 1.8 GW❗ to respond to the system frequency dropping below and staying under 50Hz despite FCR responding. 🔋 The rest of the week's normality resumed, with solar volumes at forecast with minimal deviation - providing over 40 GW for three days last week. 🌞 Wind picked up on Tuesday and Wednesday, reaching just over 20 GW before dropping off. 💨 Spot prices across the week followed an expected pattern, with morning/evening peaks and midday lower corresponding to high solar generation. The limited wind overnight meant prices remained stable. Ancillary services except aFRR up (see above) were stable and mirrored the wholesale pattern for the week. ☯️ The outlook for this week is that solar will be similar to last week, with a slight dip at the start of the week following the weekend heatwave, with wind-building strengths towards the middle of the week before tailing off. #powertrading #batterystorage #batteryoptimization #powermarket #renewableenergy

🌟 The Future of Battery Technology 🌟 Batteries are essential in accelerating the energy transition. As costs continue to drop, their role in stabilizing the grid, integrating renewable energy, and ensuring energy security becomes more significant. In his article, Auke Hoekstra says that batteries will turn the stormy electricity grid into a calm swimming pool. 🏡⚡ We could'nt agree more!💪 Below few main takaways proving how it can be done.🔋 Rapid Cost Decline 📉 Battery costs have decreased by 97% over the past three decades and are expected to drop further. By 2030, the cost of lithium-ion batteries was predictded to fall to as low as $50 per kWh, yet alreadz this year in May we already saw price of $44/kWh 🤯 Grid Stability ☯️ With their ability to store excess renewable energy, stationary batteries can mitigate the variability of sources like wind and solar, providing a more reliable electricity supply. Energy Transition 🚀 Affordable batteries are crucial for creating a sustainable and resilient energy system, and we are already ahead of what we forcasted in terms of pricing. They enable the efficient storage and management of renewable energy, reducing reliance on fossil fuels. The future of energy is not only renewable but also efficiently stored and managed. 🌍💡 For more details, read the full article hereh 👉 https://hubs.la/Q02H5Nd60 #energytransition #BESS #batteryoptimization

Meet the speakers! 📣 Here are the industry experts who will be discussing a revolutionary new battery optimization in our upcoming webinar. Stefan Lindtner - director BD & innovation - CCE Julian Jansen - senior director EMEA - Fluence Claudius Jehle - CEO & founder - volytica diagnostics jürgen pfalzer - CGO - enspired If you are still not sure what battery optimization for profit entails and how it differs from the current approach, you should join our webinar next month. Sign up here 👉 https://hubs.la/Q02FlWFr0 #batterystorage #energytransition #BESS #batterystorageoptimization

The future of battery optimization has arrived!🚀 What if we told you that you can achieve peak revenue levels while extending the life of your BESS?💡 Let us introduce you to a new era of battery optimization as we begin to market batteries for profit by enabling maximum revenue with minimum degradation through cell-specific dispatch profiles.💪🔋 How does it work, and why isn’t everybody doing it? 🤩 Get the details in our latest article 👉https://hubs.la/Q02G8-wL0 #batterystorageoptimization #BESS #energytransition #optimizationforprofit

enspired joins BVES Energy Storage Systems Association🎉 We are delighted to announce that enspired has joined BVES! Germany's outlook for storage is among the biggest in Europe, and this is partly due to the great work of BVES. Joining forces was just a matter of time. From now on, BVES can also count on our contributions towards widespread storage penetration. We are convinced that storage is the key to lowering prices, saving emissions, and fostering acceptance of the energy transition! 🔋🙌 Through BVES, we can raise our voices to have an impact on shaping this path. #batterystorage #BESS #energytransition

Behind-the-meter battery systems are revolutionizing the way consumers interact with their electricity supply. How? 💡Demand shifting without lifestyle changes: In regions with dynamic pricing, consumers can charge batteries during off-peak hours and discharge during peak times, without altering their energy consumption habits. This translates to cost savings without inconvenience. 💡Maximizing renewable energy benefits: By allowing consumers to sell excess solar PV generation back to the grid at retail prices, behind-the-meter systems incentivize investment in renewables while reducing grid reliance and peak demand. 💡Critical backup power: During outages, battery storage serves as a reliable backup for critical facilities, offering faster response times, low maintenance, silent operation, and zero emissions compared to diesel generators. 💡Empowering resilient communities: Battery storage facilitates islanding, enabling local grids to operate independently during emergencies. Projects like the microgrid on Ocracoke Island showcase the potential of battery storage to enhance resilience and expedite recovery efforts post-disaster. While battery storage may not be suitable in regions with highly stable electricity supply and rare outages, its versatility and sustainability make it a key player in the transition towards resilient, decentralized energy systems. #EnergyTransition #PowerTrading #BatteryOptimization #enspireTHEchange

Join us for another great webinar! 🎉🙌 This time, together with other industry experts, we will discuss a revolutionary new battery optimization strategy that targets not only maximum revenues but also minimal degradation.🔋 The interactive session uncovers the absolute latest in strategic battery trading from the client, analytics, technical, and optimizer perspective.📊 You will learn about: 👉cell types & degradation curves 👉compliance with warranty term vs. minimized degradation 👉impacts on revenue and asset lifetime 👉first optimization results 👉flexible warranty conditions Don't miss out! Sign up using the link below.👇 https://hubs.la/Q02FlWFr0 Fluence volytica diagnostics CCE #batterystorage #BESS #batteryoptimization

Turning coal-fired power plants into energy storage projects? Yes, please!🎆🔋💪 Last week, Arizona utility SRP (Salt River Project) launched an RFP for non-lithium long-duration energy storage. The project will split into two specific sites, one of which is an old coal-fired power plant about to be decomposed. Great idea for repurposing!☘️ This project is long-duration storage (10-hour discharge), ranging from 5MW minimum output to 50MW. The company is open to both inverter-based and non-inverter-based technologies.🔭 Even though Li-Ion already finds its purpose in 8-hour-duration projects, we are very much looking forward to seeing a new approach in the storage world, both for longer durations and different technologies in use!🚀 Check the whole article here: 👉https://hubs.la/Q02DXRFN0 #LDES #batteryoptimization #BESS #batterystorage

As you've seen before, in this series, we analyze the main drivers of price discrepancies in the short-term power markets and how they affect the status quo - particularly in the summer season 🌞 Today, we dive into the price impact of outages (>500MW) in the power market. There is a dependency on whether the power plants are available to generate, or if they can easily be turned on to produce energy. Another factor to consider is your capability to import from other countries. 💡Especially on Monday mornings, when most power plants are kept off. A cold start could be a recurrent problem. The price impact of an outage on continuous prices could be challenging to analyze. Multiple factors could also disturb your forecasts, such as wind and solar deviations, or cross border flows. Our self-developed, fully-automated optimization system allows for round-the-clock analyses, you get to plan for outages before they occur, saving time and money. Read more about this topic👉 #EnergyTransition #PowerTrading #BatteryOptimization #enspireTHEchange