Risk-Reward Trade-Offs: Insights from the Gridmatic 2023 ERCOT Storage Report

Synopsis

2023 was a year of challenges and unexpected outcomes for energy storage in ERCOT. In this session, we will unveil insights from Gridmatic’s third annual ERCOT storage report. We will explore how operational requirements evolved during the year, as well as the introduction of the ECRS ancillary service, and examine their impact on financial outcomes. We’ll examine the trade-offs associated with varying risk-reward operating strategies, and the effect on a battery’s ability to support the grid’s needs. This presentation will provide key findings on past performance as well as guidance for stakeholders navigating the year ahead.