Nord Pool and Clean Horizon have announced a partnership to distribute a new set of indices designed to bring transparency and standardisation to the European battery storage market.

The two organisations are launching a Europe-wide distribution initiative for the Clean Horizon Storage Index, a set of neutral benchmarks designed to track battery storage revenues across 15 European countries.

Battery energy storage systems generate revenues across several markets, including day-ahead and intraday electricity markets as well as ancillary services. These revenues vary significantly depending on local market conditions, renewable penetration and grid requirements.

The new indices aim to provide the industry with:

• a benchmark for storage performance
• a reference for market access contracts
• an index that can potentially be used for hedging instruments.

The indices combine Clean Horizon’s energy storage expertise and proprietary methodology with Nord Pool’s excellence in market data distribution.

The Clean Horizon Index will be available through Nord Pool’s data portal here.