1. Habitat Energy is one of the largest BESS optimisers in the ERCOT market with 1GW contracted, totaling 2GW globally.
2. ERCOT is a primarily merchant market where BESS projects earn revenue from ancillary services and wholesale energy trading.
3. UBS Asset Management is launching four BESS projects in partnership with Captona, recognizing Habitat Energy’s innovative optimisation approach in the ERCOT market.
Habitat Energy has become one of the largest BESS optimizers in the ERCOT market, contracting 1GW and expanding its global portfolio to 2GW. ERCOT is a merchant market where BESS projects generate revenue mainly from ancillary services and wholesale energy trading. While the ancillary service market is becoming saturated and prices are expected to decrease, third-party optimization in the ERCOT BESS market is still relatively low compared to the UK.
Market participants with in-house trading expertise, particularly from the gas power plant sector, have found ancillary services to be lucrative. However, as BESS projects transition towards more energy trading, the need for third-party optimization is expected to increase. Habitat Energy USA’s managing director, Michael Kirschner, emphasized the importance of choosing the right optimizer as top-performing batteries in ERCOT can earn double the revenue.
UBS Asset Management is launching four BESS projects under a joint venture with investor Captona. Habitat Energy, part of Quinbrook Infrastructure Partners, is active in the UK, Australia, and the US, offering innovative optimization approaches. Solar Media, publisher of Energy-Storage.news, will host the Energy Storage Summit Australia in May 2024, focusing on accelerating the energy storage market in the country.