Forecasting for battery storage with Robyn Lucas and Alex Done

A forecast is an invaluable bit of kit to have in the toolbox for anyone looking to build a battery, and it is much more complex than simply predicting prices years into the future. Multiple different scenarios need to be taken into consideration, and numerous things factor into a valuable forecast. So, what are they all about?In this week’s Transmission episode, guest host, Ed Porter, is joined by Modo Energy’s Director of Analytics - Robyn Lucas, and Director of Modeling, Alex Done. Over the course of the conversation, they discuss:

• Why a forecast is vital for every battery asset’s business case.
• Scarcity pricing and why minimum/maximum spreads are so valuable for storage.
• A look at negative pricing and how current subsidies are impacting energy prices.
• Some of the key differences between the ERCOT system and Great Britain, as well as the influence of nodal pricing and the BM.
• Some of the risk scenarios for energy storage, from DSR to policy change.

Related episodesHow REMA is reinventing the markets with Ed Porter, Robyn Lucas, and Alex DoneThe controversy around Bitcoin and energy with Nima Tabatabai (Director of Product @ Modo Energy)Decarbonizing industrial heat with James MacNaghten (CEO @ Caldera)About Modo EnergyModo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. If you want to peek behind the curtain for a glimpse of our day-to-day life in the Modo office(s), check us out on Instagram.