Shaun Ankers, Group CEO Energy One, provides interesting insights into flexibility markets in our 2023 Energy Trading Annual Industry Survey.
The results of the 2023 Energy Trading Survey from Commodities People are very interesting.
Looking at the survey responses for ‘The Rise of Batteries’, it appears two-fifths (40%) of respondents say they consider building batteries or adding more batteries to their portfolio in the future.
Energy storage assets (typically batteries) are an essential part of the energy transition. These highly flexible assets can provide value in multiple ways, including; energy balancing, frequency control and network support. Optimising the return on these assets requires innovative and flexible optimisation and automation software.
Not all battery owners are solely seeking revenue maximisation. The benefit of our solution is that the asset can be operated to the owner’s desired strategy, be it merchant, network/balancing, or other proprietary strategy.
On the topic of ‘ESG and the path to Net Zero’, the responses to questions around hydrogen are interesting. Whilst the results suggest that over half (58%) are concerned about the reliability of supply when it comes to a switch to hydrogen, it appears over three-quarters of respondents (77%) are planning to trade it. We are already planning our solutions to support this critical new market.
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