The third generation energy storage battery index

What is Phase 3 & 4 of a battery index?

In phase 3, the battery index will reach the required quality for comparing trading products and cross-market revenues. This is achieved by incorporating different market designs and possible trading strategies. Finally, phase 4 validates the index with a real battery asset.

What is a Tier 1 energy storage project?

globally of energy storage products. The Tier 1 list is identified from the BNEF Energy Storage Assets database, which included 9,000 energy storage projects worldwide as of June 2023 that are above 1 MW or 1 MWh in size and for which a supplier has provided battery torage systems in the last two years. The criter

How will Phase 2 & 3 affect the battery index?

In phase 2, additional boundaries will be implemented to better align the tool with real-world applications. In phase 3, the battery index will reach the required quality for comparing trading products and cross-market revenues. This is achieved by incorporating different market designs and possible trading strategies.

How do battery storage systems improve grid resilience?

ing supply and demand (see Figure 9). However, battery storage systems helped bridge the gap by providing stored energy when solar generation was unavailable, demonstrating their importance in enhancing grid resilience and ensuring uninterrupted energy supply, especially in regions heavil

What is enspired's battery index?

Together with ISEA (Institute for Power Electronics and Electrical Devices) of RWTH Aachen University, enspired is developing a battery index for the German market that will transparently map out the cross-market revenue potential for large-scale storage systems.

What is a battery index?

Rather, the index is designed so simply that it is easily comprehensible and usable for calculations by all users. The ultimate goal is to publish all calculations in an Excel-based spreadsheet format once the battery index reaches its more sophisticated release state.