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.

The inevitable reality is that hard-to-abate sectors will still be producing carbon emissions by the goal date of net zero by 2050. Until these sectors can decarbonize their emissions, alternative methods must be applied to reduce the amount of carbon released by these processes. Under the umbrella term ‘carbon capture, utilization and storage’ or CCUS, the process of capturing the carbon produced by industry is another tool in the toolbox of removing carbon emissions from the atmosphere.

In today’s episode, Quentin is joined by Olivia Powis - UK director at CCS Association. Over the course of the conversation, they discuss:

• The premise of CCS and how this technology is vital in decarbonizing hard-to-abate sectors.
• What needs to be considered when installing the infrastructure, the challenges with retrofitting.
• How each stage of the process works.
• Factors to consider when locating a carbon capture site and how the UK is lowering risk. around buildout.
• A look at the first large-scale projects and when we could see them delivered.

About our guest

The CCSA is the lead European association propelling the commercial deployment of carbon capture, utilization and storage technology. Their aim is to advance and accelerate the deployment of carbon capture, utilization and storage in the UK and Europe, and promote CCUS technology internationally by working with their members, governments and other organizations to ensure CCUS is developed and deployed at the necessary pace to ensure countries can meet their net-zero goals. 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 energy systems work. For more research into CCUS and carbon prices, check out our written research.

We love talking about batteries and energy in the office so why not open the floor to our listeners? Ever wondered what the end game is for battery storage, or what’s new in cell chemistries?

In our ‘mailbag’ series, we’ll answer your questions on a range of subjects. Ask us a question here.

In this episode Modo Energy Director, Ed Porter and Market Analyst, Shaniyaa Holness-McKenzie cover:

• The recent advancements in storage technology and where they are being adopted in practice.
• How AI is changing the way battery energy storage systems are optimised.
• Interconnectors and how increased renewable penetration in all countries will impact revenues.
• What a change of government could mean for batteries energy storage.
• and much, much more.

Ask us a question - We’d love to hear from you!

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 Inflation Reduction Act or ‘IRA’, is turbocharging the buildout of domestic renewable energy solutions in the USA. Until recently, the focus on homegrown battery build-out has been on EV batteries, but the tides are changing as the need for grid-scale energy storage projects is gaining momentum. Pomega Energy Storage Technologies USA is in the race to be first to market to provide it all - from LFP cells to turnkey energy storage solutions.

In this episode from May 2023, we are revisiting a conversation with Louis Caso - Vice President of Business Development at Pomega Energy Storage Technologies USA. Over the course of the conversation, Quentin and Louis discuss:

• What demand looks like for stationary battery storage in the US and who is looking to integrate it.

• How the Inflation Reduction Act is impacting energy storage and turbocharging the US market.

• Insight into the enormity of building a project on the scale that Pomega intends.

• Pomega’s vision to bring start-to-finish battery production to the US.
• And much, much more.

About our guest

Pomega is on a mission to become a leading manufacturer of vertically integrated LFP battery cell and energy storage systems in North America. From the individual LFP cells to turnkey BESS solutions - Pomega will provide start-to-finish energy storage products. Pomega develops sustainable technologies to contribute to a livable and carbon-neutral future.

It manufactures storage solutions, covering various use cases in mobility, telecom, marine, residential and utility scale, including products such as Lithium-Ion LFP Battery Cell, mobile substations, mobile hybrid storage systems and residential energy storage systems. To find out more about what Pomega are doing, 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 battery energy storage systems work.

Ever wondered what goes on behind the scenes of developing a battery energy storage project looks like? From securing a grid connection to acquiring land - there’s a whole lot that goes on before a battery storage system can get up and running. In this episode, Quentin is joined by Andy Willis - Founder and CEO at Kona Energy, to talk through the ins and outs of developing a storage site. Over the course of the conversation they discuss:

• What developers are responsible for in the process of building a storage asset.

• Procuring land, taking into account both landowners and prospective asset owners.
• Applying for planning permissions and the obstacles faced in this process.
• The challenges of the current approval system for grid connections.
• And of course, how Kona Energy fits into all of this!

About our guest

Kona Energy is one of the UK’s leading clean energy development companies, focused on developing grid-scale battery energy storage projects. Kona Energy are developing a 1000MW portfolio of large-scale energy storage projects across the UK. For more information on what they do - visit their site here.

Connect with Andy 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 visualization, 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.

In today's increasingly transparent world, there is no excuse for turning a blind eye to the issues that in reality are apparent at many levels of many industrial supply chains. Embracing best practices for Environmental, Social, and Governance (ESG) standards is not only ethically responsible but can also offer a significant competitive advantage in the global battery industry. However, navigating the evolving policies and frameworks of the battery storage supply chain can be complex. How can we effectively manage these changes?

Joining Ed for this episode, Sarah Montgomery, CEO & Co-Founder of Infyos, shares her insights on how ESG principles are shaping the future of battery energy storage solutions. Over the conversation, they discuss:

• How ESG provides an essential framework to support the entire industry.

• Recent supply chain and ESG regulations affecting the battery industry across the US and EU.

• The importance of collaboration with suppliers to improve ESG practices and compliance.
• Steps asset owners and developers need to take to comply with regulations.

Mentioned in the episode

EU Battery Regulation Report

About our guest

Infyos helps battery and car makers manage and improve their company and supply chains sustainability. Ensuring customers are on a realistic and achievable path to sustainability and helping them to get ahead of regulatory requirement deadlines and demonstrate compliance progress. For more information on what they do, head to their website.

Sarah is CEO & Co-Founder of Infyos and is also part of the World Economic Forum’s Global Battery Alliance and IRMA’s Working Group on Circular Economy. You can follow her on LinkedIn.

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.

With a general election on the horizon, the UK faces significant potential shifts in its approach to achieving net zero targets and build out of renewable energy and battery storage. The topic of net zero has become a key issue among political parties. Today, we explore the climate strategies of leading parties and how a change in government could change net-zero strategies.

From the proposed 'Great British Energy' initiative to North Sea oil and gas licenses and the impact of global events like Russia's invasion of Ukraine on energy policy, this episode looks at the challenges and opportunities for the UK in achieving net-zero emissions.

Quentin is joined by Simon Evans, Deputy Editor and Senior Policy Editor at Carbon Brief, over the course of the conversation, they discuss:

The role of media and journalism on net zero in a political climate.

How the UK is progressing towards its net zero targets - taking a look at the successes and challenges across various key sectors.

What a Labour or Conservative victory could mean for climate policy and targets.

Insight into the public sentiment currently surrounding climate action.

The UK’s stance on international tariffs on clean technology and the impact this could have.

Mentioned in the episode

DeBriefed - the essential guide to the week’s key developments relating to climate change.

Daily Briefing - a free digest of the past 24 hours of media coverage related to climate change and energy.

The Carbon Brief Interview: Octopus Energy’s Greg Jackson

About our guest

Carbon Brief covers climate science, energy and policy, specialising in clear, data-driven articles to improve the understanding of climate change. Providing reporting, analysis and fact checking related to climate science and energy policy. To read more from Carbon Brief, or to learn more about what they do, head over to the website.

Connect with Simon on LinkedIn or follow him on X for more insights.

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.

Today’s episode marks 100 episodes of the Transmission podcast! As a thank you for being part of the conversation around battery energy storage, energy markets and beyond - we are giving away 100 exclusive 100th-episode anniversary t-shirts! Enter here for your chance to win!

In this very special episode we are going full circle. Quentin is talking to Harmony Energy CEO & Founder, Peter Kavanagh. Long time listeners might remember our first ever episode, where Quentin spoke with Paul Mason, Chief Investment Officer at Harmony Energy, about taking Harmony Energy Income Trust to IPO.

One hundred episodes later we take a look at the rest of Harmony’s story, from the challenges and triumphs of scaling up projects, the complexities of the energy market, the impact of fluctuating revenues, and the strategic decisions behind diversifying suppliers and expanding internationally. Over the course of the conversation, Quentin and Peter discuss:

• The journey of Harmony Energy, from its founding days to becoming a major player in the energy storage market.
• Constructing the largest battery in Europe and a unique look at scaling projects.
• Peter’s insights into the current state of the energy storage market in Great Britain, the impact of fluctuating revenues, and the future outlook.
• Insight to Harmony Energy's strategy when moving into international markets.
• Harmony Energy’s approach to choosing key suppliers, and the importance of diversifying the supply chain.

About our guest

Driven by a vision of a greener future, Harmony Energy has evolved into a global operation of developing, owning and operating utility-scale battery energy storage, solar farms and wind assets across the globe. For more information on what Harmony does, 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 battery energy storage systems work.

Last week we celebrated our 100th episode of the Transmission podcast, and to say thank you to our listeners we are giving away 100 exclusive 100th-episode anniversary t-shirts. Enter here for your chance to win!

Ever wondered how a company goes from pioneering Demand Side Response to managing a global portfolio of distributed energy assets? Our latest podcast episode dives deep into GridBeyond's journey. Michael Phelan, GridBeyond’s Chief Executive & Co-Founder, shares his insights into the origins of GridBeyond to unlocking the powers of AI to optimize battery storage and maximise the impact of demand side response.

Quentin is joined by Michael Phelan, Chief Executive and Co-Founder of GridBeyond. Over the course of the conversation, they discuss:

• The state of demand side response (DSR), its impact in balancing the grid and the differences between UK and ERCOT markets.

• GridBeyond’s market expansion and the challenges that come with it.

• A look into GridBeyonds portfolio and the types of assets they manage.

• The role of AI in the future of forecasting and storage optimization.

• Michael’s vision for GridBeyond’s future, building tools for large developers and utilities.

About our guest

GridBeyond aim to unlock the potential of energy assets, driving sustainability, resilience, and affordability towards a zero-carbon future. Their technology optimizes utility-scale renewable generation, battery storage, and industrial loads by intelligently dispatching flexibility into the right market at the right time. Enabling asset owners and energy consumers to unlock new revenues, enhance resilience, manage price volatility, and support the transition to net zero. For more information on GridBeyond - 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 battery energy storage systems work. For more on Demand Side Response, check out our written research.

The recent announcement of Gresham House Energy Storage Fund's tolling agreement with Octopus Energy represents a significant milestone in the battery storage industry. This agreement, which offers a fixed price for battery usage over two years, is poised to reshape the market. Ben Guest, Managing Director of New Energy & Fund Manager at Gresham House Energy Storage Fund, joins Quentin in today's episode to delve into this groundbreaking deal.

Their conversation explores the rationale behind the agreement, examining both the technical and financial aspects, as well as its broader implications for the energy market and the evolving role of batteries within it.

This tolling agreement involves approximately half of Gresham House's BESS portfolio in partnership with the UK's largest energy supplier, Octopus Energy. During their conversation, Quentin and Ben cover:

• The specifics of the landmark tolling agreement with Octopus Energy.
• The impact on the market, including changes in the business case for batteries.
• The anticipated changes in Gresham House's operational strategies.
• Ben's insights on the current state of the market.
• The future outlook for Gresham House Energy Storage Fund.

About our guest

Gresham House is a specialist alternative asset manager, offering funds, direct investments and tailored opportunities to a wide range of investors. Dedicated to sustainable investments with expertise in forestry, sustainable infrastructure, natural capital, renewable energy and battery storage, affordable housing and public and private equity. For more information, 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 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.

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.

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.

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.

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.

Distribution network operators (DNOs) across the country are the middlemen, taking power from the grid and making sure every building, structure or location that needs it, has the physical infrastructure to do so. In this episode, Quentin is joined by Sotiris Georgiopoulos - Head of Smart Grid Development at UK Power Networks. Over the course of the conversation, they discuss:

• What a distribution network operator is responsible for and how it operates as a business.
• The difference between a DNO and DSO and how the transition from one to the other is progressing.
• The challenges asset owners face when making a grid connection.
• A look at curtailable connections.
• How UK Power Networks fits into all of it.

UK Power Networks own and maintain electricity cables and lines across London, the South East and East of England and make sure power flows reliably, safely, and securely.

For more information on what they do head to their website here.

Find Sotiris on LinkedIn here.

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 visualisation, 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 Electricity System Operator (ESO) has released its annual Future Energy Scenarios report for 2024, which outlines potential pathways to achieving net-zero carbon emissions by 2050. Storage plays a crucial element in the transition to a clean energy future. However, for batteries to successfully fulfil their role, significant system changes are necessary. From refining the grid connection process to optimizing how batteries are dispatched by the control room. The Future Energy Scenarios

In this episode, ESO's Strategy and Policy Director, Claire Dykta, returns to discuss:

• The ESO’s Future Energy Scenarios: Pathways to Net Zero framework and the key actions required to achieve it.

• The evolving role of energy storage and the future needs of the network.
• The proposed shift in connection policy from a "first come, first served" to a "first ready, first connected" system.
• Insights into the initial months of the Open Balancing Platform (OBP).

• The impact of the multi-dispatch tool and other recent changes that have increased the utilization of batteries in the balancing mechanism.

Mentioned in the episode

Exploring the Balancing Mechanism with Claire Dykta NG ESO

Data on dispatch rates - discussed in our article Battery energy storage revenues decrease by 26% in July 2024.

About our guest

ESO is the Electricity System Operator for Great Britain, making sure that Great Britain has the essential energy it needs by ensuring supply meets demand every second of every day. They are responsible for moving high voltage electricity from where it’s generated, through the energy system. For more information about what ESO do, head to 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.

With only around 200 GW of the potential 700 GW pipeline needed to meet Great Britain's electricity demand, many projects will never reach completion. Many of these projects will never be completed, and some ‘zombie’ projects that are stuck in the queue with no real chance of progressing take up valuable grid connection space.

It's becoming clear that the current system, where projects are connected on a ‘first in, first connected’ basis, is creating major delays. As critical deadlines approach, there’s growing pressure to add more renewable energy and improve the grid connection process.

In this episode, Ed Porter is joined by Ed Birkett, Director of New Projects at Low Carbon, UK Development. Over the conversation, they discuss:

• How changes in Contracts for Difference auctions could help reach net zero targets.
• Issues with long lead times for integral equipment needed for grid connections.

• The current state of the grid connection queue and what could be done to improve the system.
• Insight into the types of costs involved at each stage of the development process for solar.

• Why we need to find a balance between strategic planning and the market-based approach to connecting to the grid.

About our guest

Low Carbon’s mission is to create renewable power capacity for the world, at scale. Through building, developing and managing solar, wind and waste-to-energy projects, whilst limiting environmental impact. Low Carbon also has a dedicated Asset Management team that oversees a ~1GW portfolio of operating renewable energy assets. For more information on what they do, head to 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 grid connections, check out our written research.

With the 2030 clean energy target approaching, swift action is required from both the industry and the new Labour government. To meet this goal, we need to accelerate generation capacity, streamline grid connection processes, and optimize the use of existing resources. What strategies can help us achieve this, and where should the government focus to ensure success?

In this episode, Chief Executive at Energy UK - Emma Pinchbeck joins Quentin to explore the challenges around clean energy the new UK government is facing over their first months in power. Over the conversation, they discuss:

• The importance of understanding the broader impacts of new government policies.
• How Energy UK is navigating political shifts as the UK's leading energy trade association.
• Energy UK's 'Mission Possible' report, highlighting five urgent government recommendations.

• The critical role of upcoming Contracts for Difference (CfD) auction rounds in achieving net-zero goals.
• The need for strategic planning and resource allocation for grid expansion.

Mentioned in the episode

• Material World: A Substantial Story of Our Past and Future - Ed Conway

• Results of Contracts for Difference second allocation round. Strike prices of £57.50 and £74 were allocated for the three offshore wind farms in 2017 (Triton Knoll, Moray East and Hornsea 2). These results were around 50% less than in the previous allocation round.
• Young Energy Professionals network. Please take a few minutes to fill out the Future Energy Leaders survey.

About our guest

Energy UK are the trade association for the UK energy industry, representing over 100 members including energy suppliers, generators, aggregators, flexibility optimisers, EV charging operators and software companies. They work with the sector, government, regulators and wider stakeholders to champion a sustainable UK energy industry. For more information - head over to 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 grid connections, check out our written research.

The energy landscape in Great Britain is undergoing constant transformation, driven by emerging technologies, new markets, and evolving regulations and policies. In this episode, we explore the challenges and opportunities within the sector, from navigating the Capacity Market to understanding the future role of battery storage and demand-side response in shaping the energy market today.

Lisa Waters, Founding Director of Waters Wye Associates, joins Ed Porter to discuss how batteries can be leveraged for greater impact, the regulatory changes needed for better market integration, and the intricate process of implementing regulatory updates in the UK. Key topics covered include:

• The evolution of the UK’s electricity markets over the years.

• Regulatory inefficiencies and the need for more strategic leadership from regulators.
• The Capacity Market’s purpose and how energy storage fits within this framework.

• How energy storage could be better integrated into the market and its future role in the GB power system.

• An overview of the Balancing Settlement Code (BSC) and its role in energy settlements.

About our guest

Lisa Waters is a founding Director of Waters Wye Associates (WWA). She is an economist with over twenty five years’ experience in the energy sector, working for a wide variety of energy companies and customers.

Waters Wye Associates has been providing bespoke support to organisations operating in UK and European energy markets since 2002. With extensive expertise in commercial power, gas and gas storage; experience in due diligence work in a variety of markets; analytical skills and experience developing targeted solutions for the energy markets as well as understanding of regulation and policy, capacity market and more. For more information, head to 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 the capacity market and government policy and regulations, check out our written research.

From a once nearly worthless by-product to a critical energy resource, natural gas forms a vital pillar in global energy production. With advancements in storing and transporting gas as liquified natural gas (LNG), its potential continues to expand. However, this fossil fuel's role in the energy landscape remains necessary.

The relationship between power and gas prices is tightly interlinked, with gas often setting the marginal price in wholesale markets. But what factors contribute to the volatility of gas prices? How do geopolitical events shape the market? How does speculation influence gas prices— and have we passed the point of useful speculation?

In this episode, Seb Kennedy, Founding Editor of Energy Flux, joins Quentin to unpack the complexities of natural gas, the global gas markets, and gas's evolving role as we work towards decarbonizing our energy supply. Throughout their discussion, they explore:

• An overview of natural gas, from extraction and transportation to pricing.
• Gas demand trends in Europe and the rise of LNG.
• Impact of decarbonization on gas demand in Europe
• The drivers of price volatility and the role of speculation in the market.
• The extent speculation influences gas prices - how much is too much?

About our guest

Energy Flux is a 100% editorially independent newsletter that analyses global natural gas markets, energy economics and geopolitics through the lens of Europe’s net-zero journey. Founded by Seb Kennedy, a freelance energy journalist and market analyst who is using data to carve out engaging narratives about the economics of decarbonisation. For more information on Energy Flux - head over to the website or check Seb out on LinkedIn or X.

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 how gas prices affect power price, check out our written research.

As the energy industry evolves, the skills required and the approaches to overcoming emerging challenges must adapt as well. With the sector exploring new frontiers, the opportunity to become a leader in the field has never been more accessible.

Success requires a diverse set of skills, many of which can be transferred from different roles or industries. Achieving net-zero will require more than just traditional industry experience. So, what specific skills are companies seeking as they navigate uncharted territory? And how do we engage a broader range of talent to ensure a sustainable future?

In today’s episode David Hunt, CEO at Hyperion Executive Search joins Quentin to discuss the talent gap in the renewable energy industry. Over the conversation, they discuss:

• Addressing the diversity gap in the energy industry: strategies for building a more inclusive workforce.

• Salary hotspots: where they are, emerging trends, and what the future holds.

• The critical role of communication skills in effective renewable energy leadership.
• Emerging roles in the energy sector as the transition to renewables accelerates.

• Key focus areas for the energy industry over the next decade.

About our guest

Hyperion Executive Search finds leaders, and builds teams for the most innovative cleantech companies, enabling them to find extraordinary people. Operating across multiple cleantech sectors including energy storage, solar, future mobility, hydrogen and more, Hyperion support the growth of these emerging market opportunities. For more information on Hyperion Seach, check out their website.

David is the host of the Leaders In Cleantech podcast, a weekly podcast with interviews from leading CEOs and Founders from some of the world’s most innovative start-ups and scale-ups. Check it out here.

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.

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 the capacity market and government policy and regulations, check out our written research.

Could zonal pricing be the solution to reducing energy costs while enhancing grid resilience through a decentralized system? Although the second REMA consultation dismissed nodal pricing in the wholesale market, zonal pricing is still being considered as an option for the UK. As the electricity system transitions toward a more decentralized model, what changes are necessary to support the integration of millions of new assets, and how can the system evolve to ensure this transition is successful?

In today’s episode, Sarah Honan, Head of Policy at the ADE joins Ed porter. Over the course of the conversation, they discuss:

• The debate on zonal vs. national pricing under a new Labour government.

• Key features of successful demand flexibility implementation.

• The ADE's position on locational pricing, highlighting its potential to reduce congestion payments and benefit consumers.

• Potential impacts of locational pricing on existing investments.

• The ADE’s recent report, Demanding More, the importance of NESO to implement a strategic and inclusive approach, considering the needs of both current and future consumers.

Mentioned in the episode

Demanding More - How the National Energy System Operator Can Empower Energy Demand.

Decentralised Energy Conference - 30th October 2024, The British Library, London

About our guest

The Association for Decentralised Energy (ADE) is the leading trade association for decentralised energy, representing more than 150 interested parties from across the industrial, commercial and public sectors. With the goal of advancing the widespread adoption and integration of decentralized energy solutions for a sustainable and resilient energy future, ADE is on a mission is to champion the transition from traditional centralized energy systems to a decentralized model. For more information, 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.

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 the capacity market and government policy and regulations, check out our written research.

Germany holds a unique position within the European energy system—serving as a central hub for regional interconnections, boasting a vast behind-the-meter residential storage network, 1.4GW of installed utility-scale storage and much more in the pipeline. With ambitious net zero targets, Germany is paving the way for a cleaner future. But how does its energy market function, and what role does grid-scale storage play?

In this week's episode, Lars Stephan, Senior Manager of Policy and Market Development at Fluence, joins Quentin to provide a comprehensive introduction to the German energy market and the role of Battery Energy Storage Systems (BESS). Throughout the conversation, they discuss:

• An overview of European energy markets and the importance of interconnection between countries for stability.
• The fundamentals of the German energy market, including generation capacity and renewable energy targets.
• Future market reforms for the German system, including the introduction of a Capacity Market.
• The significance of Germany’s residential energy storage landscape and behind-the-meter assets.
• Market access, optimization, and the rise of new players in the German storage sector.

And much, much more.

About our guest

Fluence is on a mission to create a more sustainable future by transforming the way we power our world. Bringing over 16 years of experience designing, deploying, and operating complete energy storage solutions.

Fluence is driving change by opening new markets to storage around the world. For more information on what they 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.

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 the markets in Germany, check out our written research.

As residential energy storage systems become more widespread, an exciting opportunity is emerging for homeowners: participating in energy markets and helping to stabilize the grid. But how can smaller home batteries combine forces to contribute during times of high demand? The answer lies in virtual power plants (VPPs). These interconnected networks of residential storage systems work together to provide energy back to the grid when needed. Not only do VPPs support grid stability, but they also create potential revenue streams for participating homeowners by compensating them for their stored energy.

Geoff Ferrell, Senior Vice President of Global C&I and VPP Project Business in the Americas at sonnen, Inc. joins Quentin for this week’s episode. Over the course of the conversation, they discuss:

• sonnen’s role in pioneering residential energy storage and the company’s growth and market presence.
• Explanation of Virtual Power Plants (VPPs) and their role in energy management.
• How VPP’s allow market participation, and where they allow batteries to engage.
• Why cell chemistry matters for a residential asset.
• The importance of metering and accurate energy data for market participation.

About our guest

Born of German Engineering and American ingenuity, sonnen products are designed to manage and store energy to increase the flexibility of our energy system and provide you with greater energy independence while enabling the energy future. Starting with individual systems that have evolved into a global network, Sonnen are connecting connect people and technologies through their hardware, VPP products and more.

For more information on what sonnen do, head to 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.

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 VPPs, check out our written research.

With an impressive amount of renewables buildout in the pipeline, the Dutch energy market has ambitious plans for a clean energy future. However, the country is facing significant challenges with huge amounts of grid congestion and high grid fees. A lack of subsidies for standalone storage projects means that the investment case for storage currently leans more toward the colocation of projects with generation.

What does the power system and the outlook for battery energy storage look like in The Netherlands? In this week’s episode, Rens Savenije, Business Lead System Integration for wind and solar at Ventolines, joins Quentin to discuss the Dutch energy market. Over the course of the conversation, they discuss:

• Dutch power market dynamics, from peak demand in the Netherlands to interconnection with other countries.

• The rapid growth of solar energy in the Netherlands and the challenges posed by grid congestion.

• Current state of grid-scale battery projects in the Netherlands and the outlook for buildout.
• The impact of grid fees in the Netherlands and what this means for standalone battery projects.

• The potential for co-located projects with wind and solar to optimize grid connections.

• Investment opportunities for storage in the Dutch market.

Mentioned in the episode

LinkedIn posts from Rens on:

• Grid fees in The Netherlands
• Current projects and pipeline in The Netherlands.
• Projected pipeline for high voltage stand-alone projects.

About our guest

Ventolines is a Dutch company, striving for a world in which renewable energy projects are valuable for everyone. From cooperatives, community associations, investors, farmers, energy suppliers, governments or consumers, Ventolines develop, build and manage renewable energy projects as well as provide advisory on renewables. For more information on what Ventolines do, check out their website.

For more analysis and research from Rens - follow him on LinkedIn.

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.

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 virtual power plants, check out our written research.

By smoothing over unstable voltage waveforms - inertia is a fascinating and important part of the system. Being able to accurately measure inertia is becoming more and more important as we transition to renewable generation, which is changing the weight of inertia on the grid. On the latest episode of Modo: The Podcast, Chris Kimmett - Chief Operations Officer at Reactive Technologies joins Quentin to teach us how utilising inertia is imperative to balancing the system. During the course of the conversation, Chris and Quentin discuss:

• The definition of inertia and what processes are implemented to measure it.
• How the transition to greener energy production is impacting the amount of inertia on the grid and why measuring this is important.
• Other countries' grid design and an insight as to why they developed in that way.
• How being able to accurately measure inertia is important and what type of businesses benefit from being able to do so?
• The vision for Reactive Technologies and their role in all of this.

Reactive Technologies are an innovative energy tech company, providing grid operators and renewable asset owners with market-leading and mission-critical technology solutions to accelerate the clean energy transition. To find out more about what they do head to their website here.

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 visualisation, 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.

Battery revenues in ERCOT in June 2024 were 85% lower than June 2023, with average earnings of $45/kW (annualized), compared with when batteries earned a massive $309/kW/year in 2023.

With the summer months historically providing the bulk of high revenue days for battery energy storage, operators would expect the sixth hottest summer on record to provide a similar picture, but that has not been the case in 2024. Increased competition in Ancillary Services, a boom in renewables buildout and changes to strategic operations have resulted in a very different picture.

In this episode, Brandt Vermillion, ERCOT Market Lead at Modo Energy joins Quentin to give us insight into what has been driving battery revenues in ERCOT over the summer months.

Over the conversation, they discuss:

• Recent buildout of storage and solar PV in ERCOT.
• The historical significance of the summer months on battery revenues, and why this has changed in 2024.
• Insight into the competitive nature of the market and saturation of ancillary services.
• Introduction to DART (Day Ahead Real Time) trading as a new strategy for capturing revenue.
• The emergence of tolling agreements as a response to revenue volatility.

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.

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 ERCOT, check out our written research.

Understanding the factors driving cost reductions in battery cells is crucial for staying competitive. As demand for energy storage skyrockets, the pressure to reduce costs has never been higher. Material costs are not the only thing influencing prices, breakthroughs in cell chemistry, system efficiency and manufacturing practices all play a role in determining system prices.

In this week’s episode, Head of Battery Costs at CRU - Aaron Wade joins Ed Porter to explore the latest in supply chain insights and cost projections, and what they mean for the future of energy storage. Over the conversation, they discuss:

• The impact of material costs on cell pricing, focusing on lithium trends.
• How cell and system innovation has contributed to lower costs.
• Changed in cell chemistry and how LFP has risen to dominance.
• Insights into the supply chain and manufacturing globally.
• What the future of battery costs might look like.

About our guest

CRU group provide business intelligence on the global metals, mining and fertilizer industries through market insight, commodity data and price assessments, strategic consultancy and communities and events. For more information, head to their website.

Aaron is Head of Battery Costs at CRU group, where he leads a team of analysts and researchers who provide insights and forecasts on the global battery costs, production methods, and technology trends. Find him on LinkedIn.

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.

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 battery energy storage and cell costs, check out our written research.

Battery energy storage systems in Great Britain are projected to save 1.4 million tonnes of CO2 in 2024. Carbon emission savings are achieved directly through a battery's energy actions, by importing low-carbon energy and exporting it when demand is high, whilst other methods include frequency response services and inertia management savings.

However, a battery's ability to reduce emissions is not inherent. Typically, they are operated to maximize profit, which may not always align with carbon-saving goals. For batteries to serve as effective tools for offsetting, there must be incentives to engage in emission-reducing behaviours. Insights into better carbon accounting and integration of storage into carbon accounting frameworks are some of the ways that can help identify how and where batteries can make the most impact.

In this episode, Quentin talks to Tierra Climate Co-founder and CTO, Emma Konet. Over the course of the conversation, they discuss:

• The ‘four quadrants’ of carbon offsetting and where battery energy storage sits in this framework.
• The complexities in accurately measuring emissions and the role of voluntary carbon markets.
• Using locational marginal emissions factors for accurate carbon measurement.
• Discussion on the operational challenges of batteries in reducing emissions.
• The potential for carbon offsets to support energy storage projects financially.

Mentioned in the episode

• Modo Energy’s research article: Carbon emissions reduced by batteries in Great Britain
• White paper: supercharging battery economics, shrinking emissions

• White Paper: Charging towards net-zero

About our guest

Tierra Climate provide carbon insights to aid developers in siting and operations as well as assist corporations and utilities in making more informed procurement decisions and helpinf batteries decarbonize the grid. They offer a new class of carbon offsets that can boost battery project revenues, help accelerate decarbonization and improve grid reliability. For more information on what they do - visit 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.

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.

A ‘Herculean effort’ in renewable buildout is the description used in NESO’s Clean Power 2030 report, outlining practical advice for the government on achieving a power system by 2030. The report defines what ‘Clean Energy’ means (>95% clean power generation by 2030) and discusses what buildout would need to look like in order to reach these targets. A staggering 70GW of new renewable generation is predicted to be needed to reach the targets in the ambitious Further Flex and Renewables scenario. How might these suggestions be achieved in practice, and what challenges is the industry likely to face over the next 5 years in the lead-up to target dates?

In this episode Modo Market Analyst, Joe Bush joins Ed Porter to explore NESO’s Clean Power 2030 report. Over the course of the conversation, they discuss:

• The purpose of the Clean Power 2030 report and what it covers.
• The sheer scale of buildout required to meet renewable and flexibility system targets, from 50 GW to 130 GW.
• Transmission and network challenges and how the government might tackle the issue of constraint.
• The role of energy storage in managing constraints and supporting the grid.
• Exploration of potential market changes, including zonal pricing to incentivize demand location near generation.

Mentioned in this episode

• Joe’s research article - Clean Power by 2030: what would it mean for BESS?

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.

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 how batteries can save carbon, check out our written research.

The introduction of balancing settlement code modification P415 aims to open up wholesale markets to all types of flexibility, decreasing barriers to entry for independent aggregators by allowing participation beyond a consumer’s licensed electricity supplier.

Energy consumers that can be flexible with usage, do not currently see any value from their actions, except through their licensed electricity supplier, who not offer demand response services. The introduction of P415 will enable flexible consumers to appoint an independent aggregator, allowing participants of demand side response to enter into the wholesale energy markets and incentivize increased consumer participation.

In today’s episode, Paul Troughton - Senior Director of Regulatory Affairs at Enel X joins Ed to discuss the code change that he put forward. Over the conversation, they discuss:

• Introduction to P415 and the roles of independent aggregators and virtual trading parties.
• How demand response works, particularly for commercial and industrial users.
• Challenges of demand response, supplier compensation and the importance of accurate baselining.
• The potential impact of P415 and the accessibility it opens up to wholesale markets.
• The future of demand side response in Great Britain.

About our guest

Enel X is dedicated to helping some of the world’s largest energy consumers protect electricity grid stability in the transition to renewable energy. Their core offerings are built around maximising the commercial and environmental rewards available from energy flexibility programme participation.

By optimising how and when energy is consumed, Enel X enables commercial and industrial scale energy users to extract value from the energy markets by leveraging their flexible energy assets in ways that support a greener, more stable and resilient electricity grid. For more information on what Enel X do, head to 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.

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 how P415 works and other market updates, check out our written research.

In today’s world, environmental degradation, resource depletion, and growing waste generation are clear indicators that the conventional linear economy is not sustainable. Battery storage systems, however, present a unique opportunity for change. Their materials are highly recyclable and this value can be extracted either through material recovery or second-life applications. However significant challenges remain in the recycling process.

Transitioning batteries into a circular economy is essential for long-term sustainability. While recycling technology exists, the biggest hurdles include ensuring a steady supply of used batteries and establishing efficient connections between suppliers and recyclers. Scaling operations is also critical. Only by increasing the volume of recycled materials can costs be reduced, making the process both economically viable and environmentally impactful.

William Bergh, CEO at Cling Systems, joins Quentin to discuss the challenges in battery recycling. Over the course of the conversation, they discuss:

• What the physical process of material separation and recycling process looks like.
• The current state of the recycling market and a look at the supply chain for it.
• The complexities of battery recycling and the role Cling plays in facilitating these processes.
• Regional differences and challenges in the global battery recycling market.
• The importance of data availability in allowing the efficient recycling and repurposing of batteries.

About our guest

By streamlining procurement and removing market frictions, Cling's circular platform helps both battery repurposers to build safe and cost effective second life energy systems, and battery recyclers to produce new recycled raw material.

Cling Systems are ensuring batteries are effectively directed to their best use —whether for second life and recycling or by leveraging strategic off-take agreements and a global network. Cling have made it their mission to offer a sustainable framework that not only mitigates environmental harm but also fosters economic growth and social well-being. For more information on what cling do, check out their website.

Cling Systems hosts their regular Beers and Batts events to bring together the energy industry in and around Stockholm, keep your eye out for their next event in January or sign up to get alerts.

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.

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 how battery recycling and circularity, check out our written research.

The global battery energy storage market is undergoing rapid transformation. The decline in cell prices, fueled by fluctuations in lithium costs, has seen a surge in battery production, particularly in regions like China. However, the potential introduction of tariffs on U.S. manufacturers highlights the challenges of navigating the balance between global supply chains and domestic production.

While lithium-based technologies continue to dominate, emerging alternatives such as sodium-ion and flow batteries offer distinct benefits and challenges. As the sector evolves, the question arises: What does the future costs and demand for battery energy storage look like?

Iola Hughes, Head of Research at Rho Motion joins Ed Porter for today’s episode. Over the conversation, they discuss:

• The dramatic drop in cell prices and the concept of tiered battery quality and its impact on pricing.
• Manufacturing costs in China versus the U.S. and what impacts tariffs on U.S. battery imports and potential stakeholder strategies.
• The challenges facing European battery manufacturers with the recent news from Northvolt.
• Sodium-ion battery technology and its potential applications compared to LFP cells.
• An overview of global battery demand, with a focus on EV’s vs the growing stationary storage market.

Mentioned in the episode

• Iron Air Storage with David Hill (Form Energy)

• Vanadium Flow Batteries with Matt Harper (Invinity Energy Systems)

About our guest

Rho Motion aim to deliver a complete picture of battery demand, including motors and systems, charging and infrastructure, energy stationary storage, battery recycling and the wider energy and renewables markets. Providing research and consultancy services - they cover a global market.

For more information on what Rho Motion do, head to 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.

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 the state of global battery markets, check out our written research.

Hydropower is a renewable, reliable source of energy that consistently meets peak demand while also offering long-duration, high-capacity storage and generation solutions for Great Britain. From tidal range systems to pumped hydro, hydropower encompasses a range of proven technologies with predictable performance and a track record of durability. The question now is: what must change to fully harness the potential of these invaluable energy assets?

In this episode, Kate Gilmartin, Chief Executive at the British Hydropower Association, joins Ed to discuss the different types of hydropower and the role of this technology in long duration energy storage. Over the course of the conversation, they discuss:

The differences between the different hydropower technologies.

• The evolving role of pumped hydro with the rise of renewable energy sources.
• Importance of the technology in local energy solutions and grid resilience.
• Exploration of the challenges in developing new pumped hydro projects, including investment and planning hurdles.
• How the cap and floor mechanism provides a potential solution for investment security.

About our guest

The British Hydropower Association (BHA) is the leading trade membership association solely representing the interests of the UK hydropower industry. Striving to ensure that the full potential and associated economic and community benefits are fully realised, the BHA is open to all types of organizations, with the aim of driving growth in the sector by engaging, influencing and promoting hydropower, tidal range and pumped storage hydro as proven, reliable, renewable power, providing critical infrastructure for achieving net zero and energy security. For more information on what the BHA 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.

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 National Electricity System or NEM, is Australia’s largest energy market and one of the largest interconnected electricity systems in the world, delivering around 80% of all electricity consumption in Australia. As Australia transitions toward a renewable emission-free system, the market must adapt to changes in electricity generation and emerging technologies. This episode takes a look at the state of renewable penetration in Australia, an overview of the largest market in the country, what the current state of battery buildout looks like, and the challenges facing the system.

In our first Australian market focused episode, Alex Leemon joins Wendel Hortop. Throughout the conversation, they discuss:

• The differences in renewable adoption across individual states in Australia.
• Overview of the National Electricity Market (NEM) and Australias other grids, as well as the Australian Energy Market Operators (AEMO) role in managing system stability.
• A look at the existing 2.1GW installed battery capacity in the NEM and what the future pipeline looks like.
• Challenges facing the country including, constraints, congestion and minimum system demand challenges due to rooftop solar adoption.
• How recent market events are shaping AEMO’s actions to help maintain system reliability during peak demand.

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.

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 battery actions in Australia, check out our written research.

Energy grids, markets and regulatory landscapes are evolving fast. The strategies used by BESS operators must be dynamic, as operators face a maze of regional markets, shifting policies, and cutting-edge technologies. In this episode Ali Karimian, Market Optimization Director at GridBeyond joins Quentin to explore the challenges and opportunities in markets like ERCOT, California, PJM, shedding light on critical developments such as PJM’s recent capacity market overhaul and the surge in demand response programs across the country. Ali also shares insight into the role of cryptocurrency miners in energy markets, and where these unconventional players are proving vital for grid stability and unlocking new revenue streams.

Over the course of the conversation, Quentin and Ali discuss:

The differences between some of the most prominent markets for BESS in the United States, including ERCOT, CAISO and PJM.

The current landscape shaping market attractiveness for battery operations.

Policy & regulatory changes affecting ISO’s including changes to ERCOT's ancillary services framework, PJM capacity market dynamics and continual updates for CAISO.

The rise of crypto miners in energy markets and what characteristics make them suitable for supporting grid stability.

Strategies enabling crypto miners to lower effective power costs.

About our guest

GridBeyond aim to unlock the potential of energy assets, driving sustainability, resilience, and affordability towards a zero-carbon future. Their technology optimizes utility-scale renewable generation, battery storage, and industrial loads by intelligently dispatching flexibility into the right market at the right time. Enabling asset owners and energy consumers to unlock new revenues, enhance resilience, manage price volatility, and support the transition to net zero. For more information on GridBeyond - head to 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.

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. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.

It’s no secret we love batteries, and it is clear that battery storage has come a long way in a relatively short amount of time. With various storage technologies in operation across the industry - there are also various differences in use cases. In today's episode, Quentin chats to Alan Greenshields Director EMEA at ESS inc to really deep dive into the journey that batteries have gone (and are still going!) through, the world of flow battery technologies, hydrogen storage and much more. Some of the topics covered in the conversation include:

• Alan’s background and role in the development of different types of battery technologies over his career.
• A comprehensive introduction to flow batteries and the different use cases for flow vs lithium ion.
• Where hydrogen can be best placed within various technologies, to achieve maximum efficiency.
• What the current state of global supply chains looks like for flow batteries.
• And of course how ESS inc. is involved in all of this.

ESS Inc. is a leading provider of long-duration energy storage solutions. Founded in 2011 by a team with deep experience in fuel cells, electrochemistry, advanced material science, and renewable energy. Alan is a Technologist and entrepreneur specialising in understanding the impact of new technology and battery storage.To find out more about ESS, click here for their website.

Find Alan on LinkedIn here

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 visualisation, 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.

Connecting renewable projects to the grid is often a technical and administrative labyrinth, with long wait times for connection approval and the deadline of clean power by 2030 fast approaching - time is of the essence. Today we explore the challenges of integrating projects, from local distribution networks to large-scale transmission systems, and highlights the pivotal role of reforms and collaboration in ensuring the UK meets its energy goals.

Catherine Cleary, Specialist Connections Engineer at Roadnight Taylor and Joe Colebrook Head of Grid Connections at Innova join Ed Porter for today’s episode. Over the course of the conversation, they discuss:

The grid connection process from both a commercial and an engineering perspective.

Exploration of different approaches between transmission and distribution networks.

What an ideal outcome for connections reform might look like.

An introduction to the ‘connection pots’ concept in the Clean Power 2030 plan.

Exemptions, long-term planning and an exploration of the process for amending existing connection agreements.

And much, much more.

About our Guests

Catherine Cleary – Specialist Connections Engineer at Roadnight Taylor.

Catherine brings expertise in the technical, commercial, and regulatory aspects of grid connections at both distribution and transmission levels. With experience analyzing over 500 projects, her deep knowledge of grid codes, constraints, and connection innovations ensures clients achieve safe, cost-effective outcomes.

Roadnight Taylor is a leading consultancy dedicated to achieving timely grid connections, at least cost and risk, to the GB electricity networks. With a focus on decarbonisation and economic growth, in their effort to deploy smart and affordable network solutions.

Joe Colebrook - Head of Grid Connections at Innova.

Joe holds years of experience in grid connections and has helped develop a strong pipeline of solar and energy storage assets, including co-located sites.

Innova’s mission is to create utility-scale renewable energy projects using multi-technologies, to provide clean energy to communities and businesses both directly and indirectly, and to take large energy users off-grid whilst meeting or exceeding our environmental obligations.

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.

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.

Grid stability is becoming increasingly complex with the growing integration of renewable energy sources. Unlike traditional power generation, wind and solar lack the inherent inertia needed to maintain a stable grid. Enter technologies like synchronous compensators: advanced spinning machines that deliver the critical inertia required to balance the grid and ensure a reliable power supply. Leading the charge in addressing these challenges are initiatives such as the Stability Pathfinders, which are driving innovative solutions to safeguard grid stability in a renewable-driven future.

In today’s episode, Guy Nicholson, Head of Grid Integration UK at Statkraft, joins Ed Porter to explore the topic of grid stability, synchronous compensators and more. Over the conversation they discuss:

Grid stability challenges - the importance of inertia and the challenges when transitioning to inverter-based resources.

The difference between inertial response vs. battery-based frequency response.

An introduction to National Grid's Stability Pathfinder program and Statkrafts involvement in phase 1.

Synchronous compensators and how they work to provide artificial inertia.

The importance of system strength in managing inverter-based resources.

About our Guest

Guy Nicholson is responsible for grid integration at Statkraft in the UK with 33 years of experience in renewable energy including wind turbine design, project development, grid integration, electrical engineering of projects, project development and regulatory policy.

StatKraft is Europe’s largest renewable energy producer and a global company in energy market operations ,developing and operating renewable energy assets, as well as buying and selling energy.

For more information on what Statkraft 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.

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 Northeast has long been one of the most complex regions for battery storage development in the U.S. While Texas and California have surged ahead, PJM and NYISO have struggled with slow interconnection processes, shifting policy landscapes, and unpredictable market signals. But is that starting to change?

This week, Quentin is joined by Paul Reed, Founder and CEO of RSunrise Energy, to discuss why he believes the Northeast is primed for a battery storage resurgence. With deep experience in PJM and a track record of navigating regulatory and market challenges, Paul shares insights on the impact of queue reform, the opportunities emerging from distressed assets, and why state-level incentives are creating a new wave of investment.

Over the course of the episode, they discuss:

• How queue reform is reshaping storage development in PJM and NYISO.
• The impact of rising capacity prices and why 2025 is a key inflection point.
• The role of federal and state incentives in making battery projects financeable.
• What developers need to know about securing grid connections and revenue certainty.
• Why Paul believes the Northeast is the next big opportunity for storage growth.

About our Guest

Paul Reed is the Founder and CEO of RSunrise Energy, a development firm focused on battery storage projects in PJM and the Northeast. With nearly a decade of experience in demand response, behind-the-meter storage, and grid-scale development, Paul has played a key role in advancing energy storage in some of the most challenging markets in the U.S. Today, he is focused on building out a portfolio of storage projects that will help drive the next phase of grid modernization in the Northeast. Find Paul on LinkedIn.

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.

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.