modo

In the eight weeks following the bulk dispatch relaunch, energy consultant Modo Energy published data confirming a 47% increase in weekly battery storage dispatched volume.

Harmony Energy Income Trust (HEIT) signaled that BESS revenues for the year ended 31 October 2023 were markedly lower year-on-year.

Energy research consultancy Modo Energy has confirmed that Q4 2023 saw 420MW of new battery energy storage capacity become commercially operational.

According to Modo Energy, average battery energy storage revenue for the balancing mechanism fell by 16% in December 2023 to £2.5k/MW.

Battery energy storage revenues rose by 22% from September to October to £4.8k/MW, Modo Energy has revealed.

Modo Energy’s monthly Revenue Benchmark has found that battery energy storage revenues increased by 53% between June to July.