Analysis of CAISO and ERCOT reveals storage growth amid stark contrasts

Michael Puttré | Source: PV Magazine | Posted 01/15/2025

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A report from GridBeyond examines how regulations and solar resources drive prices.

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A new white paper from GridBeyond, a U.K.-based energy services provider, discusses the impact of regulatory policies and market drivers on utility-scale battery energy storage systems (BESS) in the California Independent System Operator (CAISO) and the Electric Reliability Council of Texas (ERCOT) service areas. The report highlights how these regions attract developers with front-of-the-meter (FTM) battery storage systems due to fixed, predictable revenues from CAISO and favorable conditions in ERCOT for renewable projects.

The report also emphasizes the importance of understanding regulations in the service areas for energy providers to optimize bid strategies to match market conditions. It mentions the growing demand for energy storage to complement solar and wind resources, especially in light of increasing electricity demand in the U.S. Statistically backed, the report provides examples of price fluctuations in ERCOT and the significance of BESS operators in managing evolving market conditions and mitigating risks from price volatility.

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Source Link: https://pv-magazine-usa.com/2025/01/14/analysis-of-caiso-and-ercot-reveals-storage-growth-amid-stark-contrasts/

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Analysis of CAISO and ERCOT reveals storage growth amid stark contrasts

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