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1/10 Battery storage in the Texas power market very likely to be a poor investment, but over 100,000 MW is now in the interconnection queue. Let's break down this down.⚡️🔋 #energytransition
2/10 It’s always been easy to develop power generation in Texas. Most battery storage projects are targeting a slim ancillary services market with a total of about 5k MW with over 3k MW already in operation. When supply > demand in power markets prices quickly collapse.
3/10 Long-lived assets to avoid saturating their market and collapsing profitability they need deep and durable markets. Yet in ERCOT, there's no capacity market (the deepest market). What's left is the energy market. But can it provide the necessary support? 🏭💡 #EnergyPolicy
