Take the ERCOT pill. It is the path to cheap clean energy at scale as quickly as possible

Given this trend I would be shocked if the ITC goes away. Would be an instant 30% rise in prices

Some good news: ERCOT is predicting a less than 1% risk of rotating outages this August. That's a big drop from last year's forecasted risk of 12%. The main reason for the reduced risk? The rapid growth of battery storage, Sara DiNatale writes: expressnews.com/business/artic…

Another one! We're now operating 1.2 GW of ERCOTs ~9 GW of storage assets. We've grown from about 50MW to this 1.2 GW in about a year with much more on the way. Super excited about what we're building and the problems we're solving for the industry habitat.energy/habitat-energy…

Capacity Markets are a non-solution to a problem that never existed. Be like ERCOT - let price signals work, install tons of solar and storage, manage 100 degree weather with reasonable prices for consumers

Step 1-cap energy offers to create missing money problem Step 2-create capacity markets to inefficiency solve problem you created Step 3-price cap capacity makets to make sure we don't have enough incentive for new builds Step 4-blame everyone else when brown/blackouts occur

And I thought capacity markets were dumb... Tax payers underwriting a cdf priced by a gov agency that covers investment cost is the dumbest thing imaginable. It removes all incentive to perform as revenues are insured and indexed to market. I'm obv pro storage but this is crazy

In case it wasn't clear before BESS is the marginal unit. AS obligations turned over at the top of the hour BESS got their headroom back, discharged, and crushed prices. Incredible to watch. Everything is game theory now

Summer so dead we're rocking a fucking morning peak like the middle of February lol

Great Modo chart. Batteries degradation can be very agressive+very quick. Develops who aren't owners sometimes miss this and the importance of assets ops in assets performance. Having a trading desks (or SaaS) without the ops function is leaving money on the table

"tens of thousands of locations" - it's a nodal market. All energy analysts cover tens of thousands of locations

System level state of charge is your theta decay for real time prices. As theta decays, gamma compresses and you have a post peak discharge RT pop as batteries run out of charge. This is a key driver pushing storage duration longer and shows the importance of BESS optimization