Update From the Field - September 2023: Balancing energy market - PICASSO, MARI and TERRE platforms

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Make the most of our analysis concerning key data and trends in the energy storage industry worldwide

Description

TABLE OF CONTENTS

Executive summary (5)

1. New regulations and initiatives discussed this month (6)

1.1. Asia (6)

1.2. Europe (6)

2. Project updates and announcements (9)

2.1. Overview of the 2022 & 2023 market for utility-scale energy storage projects (9)

2.2. Projects announced or contracted this month (10)

2.3. Projects commissioned this month (12)

2.4. Tenders this month (12)

3. Focus of the month: Balancing energy market - PICASSO, MARI and TERRE platforms (14)

3.1. aFRR Platform – Platform for the International Coordination of Automated Frequency Restoration and Stable System Operation (PICASSO) (16)

3.1.1. PICASSO Presentation (16)

3.1.2. Quantifying the opportunity on PICASSO (18)

3.1.2.1. PICASSO Prices (18)

3.1.2.2. PICASSO activated volumes (19)

3.2. mFRR Platform – Manually Activated Reserves Initiative (MARI) (20)

3.2.1. MARI Presentation (20)

3.2.1.1. Scheduled activation (SA): (21)

3.2.1.2. Direct Activation (DA): (24)

3.2.2. Quantifying the opportunity in MARI (25)

3.2.2.1. MARI Prices (25)

3.2.2.2. MARI activated volumes (26)

3.3. RR Platform – Trans-European Replacement Reserves Exchange (TERRE) (28)

3.3.1. TERRE Presentation (28)

3.3.2. Quantifying the opportunity on TERRE (29)

3.3.2.1. TERRE Prices (29)

3.3.2.2. TERRE activated volumes (30)

TABLE OF FIGURES

Figure 1 - Awarded companies projects power ratings and operation aid offers (7)

Figure 2 - Total volume awarded per company name (8)

Figure 3 - Utility-scale energy storage projects announced/contracted and commissioned in 2022 and 2023 (ongoing) (9)

Figure 4 - Countries members of the PICASSO platform (16)

Figure 5 - Clearing price calculation for the aFRR activation on PICASSO platform (17)

Figure 6 - Price occurrences on aFRR activation PICASSO platform (18)

Figure 7 - Daily spread 1h on PICASSO platform (18)

Figure 8 - Daily exchanged volumes on PICASSO (19)

Figure 9 - Countries members of the MARI platform (20)

Figure 10 - Clearing price calculation of mFRR Scheduled Activation on MARI platform (22)

Figure 11 - Clearing price calculation of mFRR for isolated TSOs (23)

Figure 12 - CZ Price occurrences Scheduled Activation on MARI (25)

Figure 13 - CZ Price occurrences Direct Activation on MARI (25)

Figure 13 - Total exchanged volumes on MARI (26)

Figure 15 - Daily exchanged volumes by Germany on MARI (26)

Figure 16 - Countries members of the TERRE platform (28)

Figure 17 - Daily spread 1h on TERRE platform (29)

Figure 18 - Price distribution on TERRE (30)

Figure 19 - Daily exchanged volume on TERRE (30)