Trading applications of Battery Storage (VIRTUAL) - BESS
Course Summary
This interactive VIRTUAL workshop is designed to introduce battery storage projects and their valuation and operations.
The course starts with an overview of the dynamics of a battery project and the keys to profitability. Then it will look at the main contract structures, arbitrage, charge/discharge decisions, revenue optimization and batteries as a hedge.
From there the course explores bidding strategy assessments, storage valuation, and probabilistic forecasting. Multiple case studies will show co-optimization of renewables + storage, day-ahead energy, ancillary services, and real-time energy markets under uncertainty.
Who Should Attend?
- Renewable and Battery owners
- Energy Traders and Analysts
- Investors and Developers
- Utilities
- Regulators
- Market and Credit Risk managers
- Audit and Legal teams
Course Content
Introduction to Battery Storage Projects
- Batteries as the new Flex Power Plants
- Main characteristics of battery project
- Main Contract Structures
- Keys to profitable battery projects: Optimal siting, sizing, valuation and operations
- Arbitrage between Day Ahead and real time market
- Optimal charge and discharge decisions
- Revenue optimization given both physical characteristics and ISO market rules
- Batteries as a physical hedge for renewables
Battery Storage: Valuation and Operations
- Revenue optimization given both physical characteristics and ISO market rules
- Assessment of different bidding strategies for energy and ancillary services
- Energy Storage Valuation: Optimization and dispatch models with perfect and imperfect foresight
- Integration of probabilistic forecasting of market conditions with optimization.
- Profit maximization with strategic operations and bidding
- Case study: co-optimization of renewables + storage
- Case study: Co-optimization of day-ahead energy, ancillary services, and real-time energy markets under uncertainty
