Transmission – Détails, épisodes et analyse

Over the coming weeks we are lining up some really awesome guests on the podcast to cover the state of battery build-out in the US, and more specifically ERCOT. To give some context for these upcoming episodes, we are bringing you an introduction to ERCOT in today's episode.

Quentin sits down with Alex Done (Lead data scientist at Modo Energy) to give us an outline of this fascinating market and some of the differences between how things work in Texas vs Great Britain. Over the course of the conversation, they discuss:

• What ERCOT does, and how it operates.
• The differences in operations and demand between Great Britain and ERCOT .
• How extreme weather events like Storm Yuri have highlighted a need for change within ERCOT.
• What do the current revenue generation trends look like?
• What does the future buildout look like over the next couple of years.

About Modo

Modo is the all-in-one Asset Success Platform for battery energy storage. It combines in-depth data curation and analysis, asset revenue benchmarking, and unique research reports - to ensure that owners and operators of battery energy storage can make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.

To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin.

Connect with Alex on Linkedin.

If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.

Today we are taking a look back at another of our favourite episodes, in case you missed it the first time around! Following success in this year's leasing rounds, we thought now would be a good time to revisit this episode with Kerry Hayes from floating wind developer - Simply Blue Group.

How can we utilise the UK’s blustery coastlines to their full potential? Enter floating wind - the next step in offshore wind energy generation, allowing these mega structures to be deployed into deeper waters and windier conditions. But how does it all work?

On the latest Modo Selects episode: Kerry Hayes talks to Quentin about all things floating wind. During the conversation they discuss:

• What floating wind actually is, and how it differs from traditional offshore wind.

• The benefits and opportunities this emerging technology provides - not only in the UK and Ireland, but on a global scale as well.

• The types of constraints projects like this are facing - from planning permissions to port structure - and what needs to be done to overcome them.

• The possibilities for battery storage to work alongside floating wind to help harness its potential.

• And, of course, where Simply Blue Group fits into all of this.

About our guest

Simply Blue Group are part of a global movement focused on replacing fossil fuels with clean ocean energy, developing coastal economies with new projects and investments. To find out more, head to their website.

Connect with Kerry on LinkedIn

About Modo

Modo is the all-in-one Asset Success Platform for battery energy storage. It combines in-depth data curation and analysis, asset revenue benchmarking, and unique research reports - to ensure that owners and operators of battery energy storage can make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.

To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin.

If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.

What does the future hold for batteries and the wider energy industry? Who knows! We say goodbye to last year and look ahead as Quentin and Alex discuss their predictions for the future in the first episode of 2023. Over the course of this episode, they discuss:

• A potential swing in the production of cell chemistries.
• What might the Balancing Mechanism look like for batteries in the year ahead?
• How the energy transition might be impacted by inflation and higher interest rates.
• Are we going to see gigantic batteries in 2023?
• Plus much more (and maybe a sneaky bonus point!)

Referenced in this episode - Balancing Mechanism and National Grid ESO - four battery need-to-knows.

About Modo

Modo is the all-in-one Asset Success Platform for battery energy storage. It combines in-depth data curation and analysis, asset revenue benchmarking, and unique research reports - to ensure that owners and operators of battery energy storage can make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.

To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin.

If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.

The second Review of Energy Market Arrangements or REMA, has been released - so what are the key takeaways that have arisen in this round and how could these changes impact battery energy storage?

In today’s episode, guest host Ed Porter is joined by Modo Energy’s Robyn Lucas and Wendel Hortop Over the conversation they discuss:

• The realities of zonal pricing for locational wholesale price signals.

• How the Contracts for Difference scheme could be adapted to support renewable energy growth whilst supporting system needs.

• Possible changes to settlement periods and how a more granular price signal would have a positive impact on batteries.

• Capacity Market reforms and why this is necessary for ensuring the secured capacity works in a net-zero future.

• Lithium-ion technologies role within the long-duration energy storage conversation.

• and much, much more.

Mentioned in this episode

How REMA is reinventing the markets with Ed Porter, Robyn Lucas and Alex Done

The return of REMA: five takeaways from the second consultation

Review of electricity market arrangements (REMA): second consultation

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.

Recyclable, non-toxic, cost-effective, and abundantly available - zinc presents itself as a promising candidate for long-duration energy storage technology.

Through the innovative process of dissolving zinc in a liquid electrolyte, e-Zinc, is pioneering advancements in this field, offering a carbon-neutral alternative.

In today’s episode, Quentin Scrimshire is joined by Balakrishnan Iyer (Chief Commercial Officer at e-Zinc). Over the course of the conversation, they discuss:

▶ How e-Zinc's proprietary energy storage system works.

▶ What makes zinc storage unique from other technologies.

▶ The type of applications zinc is particularly suited to.

▶ Why zinc is so suitable for long-duration energy storage.

About our Guest

e-Zinc are a developer of a low-cost, flexible, and long-duration energy storage solution, harnesses the electrochemical technology of zinc. e-Zinc’s storage system retains 100% of its usable capacity throughout its lifetime. and each element has an existing recycling market or can be reused in subsequent systems. For more information on what e-Zinc do - head to their site.

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.

With battery storage revenues averaging £27k per MW per year from November to February , a mixture of factors have contributed to the decline in battery revenues. What are some of the complexities surrounding the market dynamics in Great Britain, why have batteries seen such a decline, and what does the future look like?

In today’s episode Quentin is in the studio with Modo Energy’s GB market lead - Wendel Hortop, Throughout the conversation, they discuss:

• Some of the factors contributing to the decrease in revenues over the winter period and the wider impact on the system.
• A look at the potential reasons for the drop in peak demand in the UK.
• The affect of interconnectors on prices.
• Opportunities and limitations for batteries in the balancing mechanism.
• What future changes could mean for batteries.

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.

Historically, in the US, the role of the optimizer has been performed in-house, but as the build-out of battery energy storage accelerates, the opportunity for revenue across the various markets increases and the chance for specialized services such as optimizers becomes increasingly necessary. What differences are we seeing as optimizers operate in the different markets, and how is Habitat Energy thinking about ERCOT and beyond?

In today’s episode, Mike Kirschner, US Managing Director at Habitat Energy, joins Quentin at Energy Storage US. Throughout the conversation they discuss:

• How optimizers are navigating the multiple markets across the USA.
• A look at the Qualifying scheduling entity (QSE).
• Why operators in ERCOT have historically undertaken optimisation in house, and how this mindset is changing.

• Expansion across the USA and the benefit of understanding the individual ISO’s and how habitat are approaching the markets.
• The state of co-located assets across the US. 20 mins ish
• Mike's thoughts on whether there will always be a hybrid model of AI machine learning and human touch, or will AI dominate the optimization space.

About our guest

Operating across UK, USA and Australia, Habitat Energy’s mission is to get the best possible return on your investment, whether that’s a single battery, co-located renewable generation or a whole portfolio of assets across multiple locations. Providing fully integrated AI- enabled, end-to-end battery storage and renewable energy asset optimization services to help you to unlock the full value of your asset. To find out more about what they do - head to their site.

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.

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.

Research conducted by National Grid indicates that the energy industry needs to recruit for 400,000 new and existing job roles to fulfil the UK’s net-zero goals. This encompasses everything from scientists and engineers to communications professionals and data specialists. What opportunities are opening up for young energy professionals entering the industry, or anyone joining from other sectors? Today’s episode explores stories from Saima Rasool & Sandy Kelly, both young professionals in the energy industry.

Modo Analyst, Shaniyaa Holness-McKenzie hosts this episode. Over the course of the conversation, Shaniyaa, Sandy & Saima discuss:

• Saima and Sandy’s experiences in the industry and their career journeys.

• The types of opportunities that an energy career can open up.
• How environmental, social and governance (ESG) is a vital part in the bigger picture.
• How young professionals are part of the transformation of the energy industry.
• Their hopes for the future and what it will take to get there.

Mentioned in the episode.

• Sign up to the YEP mailing list here.
• Explore TWOBILLIONSTRONG to see how you can get involved and check out their instagram.
• Building the Net Zero Energy Workforce Report from National Grid.
• Check out the YEP Forum: Guide to Jobs in Energy for more information of the range of careers available in the energy industry.
• For more on the things YEP has hosted and been involced with over 2023 - check out the YEP Forum Annual Report 2023
• POWERful Women - an initiative to create a gender-balanced, diverse and inclusive UK energy sector.
• TIDE taskforce - an initiative to improve inclusion and diversity across the energy sector.

About our guests

The Young Energy Professionals Forum is a community to promote the next generation of energy industry leaders, providing opportunities to meet, collaborate, develop and recognise success. YEP has over 2,000 members, representing over 350 organisations

TWOBILLIONSTRONG is a platform that exists to help Muslims around the world to join the conversation on climate injustice.

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.

If you are a young energy professional in search of more research or resources, our podcasts are available to watch or listen to on the Modo Energy site. 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.

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.

Gore Street Capital was one of the earliest major players in the GB battery energy storage industry and now has 1.2 GW of projects in operation and construction across the globe. The company manages the Gore Street Energy Storage Fund, one of three funds in the UK focusing on battery energy storage. But how did they get to this point, and what does the future hold?

In this episode of Transmission, the founder and CEO of Gore Street Capital, Alex O’Cinneide, joins Q to discuss the history of the fund. Over the course of the conversation, they discuss:

• Gore Street Capital’s history, from inception to where it is now, alongside a look at Alex’s thesis for Gore St.
• How Gore Street Capital decide which regions to enter - from investment strategy to supply chain.
• Why bigger is not always better, and how they make design durations for the battery energy storage systems they build.
• Alex’s views on what is going on in the world of battery investment and what’s happened to battery revenues in Great Britain.
• How climate change is directly affecting how batteries are operated in locations like ERCOT and Ireland.
• Gore Street's approach to using optimizers and some of the strategies being deployed

Timestamps

00:00 Intro

01:06 Introduction to Alex and Gore Street Capital

09:29 Formation of Gore Street Capital

17:35 Strategic Moves as an Investor

28:28 What is NAV?

35:38 Fall in GB Revenues

41:34 Growing Internationally

49:59 Discussion on Optimizers

54:24 Alex's Contrarian View

About our guest

Gore Street Capital is one of the most experienced energy storage asset managers, having identified the nascent technology in 2016 as crucial to the energy transition. They manage the Gore Street Energy Storage Fund, London’s first listed energy storage fund, listed in 2018. To find out more about Gore Street Capital, head to 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 energy systems work.