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Value of battery storage in energy arbitrage and FCAS

PUBLISHED: Oct 2019

Value of battery storage in energy arbitrage and FCAS

$3,635.45

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Our analysis uses the world’s biggest lithium-ion battery, the Hornsdale Power Reserve, as a case study to examine the value of energy arbitrage and frequency control ancillary services in Australia’s National Electricity Market. The analysis uses 21 months of real world data from January 2018 to September 2019.

This report will be most valuable for those looking to develop, invest in, or operate grid-scale batteries in the NEM.

Key features include:

  • Analysis of the operation, cycling, bidding strategies, and merchant revenue of the 100 MW/129 Tesla battery at Hornsdale.

  • Comparison of the actual performance of the Hornsdale Power Reserve with our optimal operation model. The insights from this analysis will help bridge the gap between theoretical business cases and real world performance.

  • Scenario analysis that examines how the storage duration of a battery, ranging from one hour to four hours, impacts merchant revenue under both South Australian and Victorian market conditions.

  • Helpful tips on how to build a robust business case for batteries.

  • All chart data provided in a separate excel file for easy further analysis.

  • Clear and concise analysis designed for busy professionals.


If you have any questions about the report, please feel free to contact us.

 

See our battery analysis in the media


Take a sneak peek at one of the many insights from the report in this RenewEconomy article.

Our Managing Director, Marija Petkovic, spoke on ABC Radio Adelaide about some of our findings and the importance of frequency control in an increasingly renewable grid. Listen to the full interview here.