Gridmatic

Curious about how to optimize battery operations across the two biggest ISOs for storage? Our latest blog post dives into the CAISO and ERCOT markets, exploring how Day-Ahead Energy participation influences revenue. Some key takeaways: - ERCOT has followed CAISO's lead in ancillary service price changes from battery participation, but the trends are far from consistent. - CAISO batteries are already making big waves in the energy market, and ERCOT isn't far behind. - Strategic bidding in Day-Ahead and Real-Time markets is crucial for battery storage to maximize returns. Read the blog post: https://lnkd.in/gNjzistu #EnergyStorage #GridInnovation #CAISO #ERCOT #DayAheadMarket

#Gridmatic is proud to announce that we’ve been chosen by #EnergyVault for their planned 57 MW Cross Trails Battery Energy Storage System in Texas. This #BESS will provide energy and ancillary services to support renewable energy production and improve grid resiliency in #ERCOT. The 10-Year Offtake Agreement is the first physically settled revenue floor contract to be signed for a BESS in ERCOT. The agreement is backed by our previously announced Energy Storage Fund, and will gain the benefit of Gridmatic’s AI-based forecasts, which have made us the highest performing trader in the ERCOT Day Ahead Energy market. https://lnkd.in/gFfNJ6pQ

Gridmatic featured in Solar Builder: Earning in ERCOT: How to optimize grid-scale battery banks in Texas Read more: https://lnkd.in/gcuTXW2u

Excited to announce the release of our 3rd Annual Energy Storage Report for ERCOT, offering an in-depth analysis of the dynamic energy storage landscape within the ERCOT market. 🔋 The report dives into key questions affecting energy storage decisions, including: • How has total revenue and composition of revenue changed YoY? • How did evolving state of charge expectations affect batteries? • Did higher risk bidding strategies impact revenue in 2023? How are batteries measuring risk in 2024? Whether you're an industry professional, investor, or energy market enthusiast, this report provides valuable insights to help you navigate the complexities of energy storage. View the slideshow (which includes a link to the full report): https://bit.ly/3WGWxKC #EnergyStorage #ERCOT #Gridmatic #RenewableEnergy #MarketInsights #EnergySector