Trading applications of Battery Storage (VIRTUAL CLASS) - BESS 

CPE Credits Awarded: 4
Categories: Other Energy Resources, Trading, Derivatives, Hedging and Risk Management, Global Association of Risk Professionals (GARP) Approved Course , Virtual Classroom Courses

Course Date Duration Venue Price Registration Deadline Register
23 Jun 2021 2 Days Globally Online - New York City & London Time Country: us
$ (USD)695.00
21 May 2021
13 Sep 2021 2 Days Globally Online - New York City & London Time Country: us
$ (USD)695.00
13 Aug 2021

UPCOMING SCHEDULE DETAILS:

23-24 June 2021  New York Timing London Timing
Session 1: 23 June 2021 
 10:00am - 12:00pm EST
 15:00 - 17:00 GMT
Session 2: 24 June 2021
 10:00am - 12:00pm EST  15:00 - 17:00 GMT

 

13-14 September 2021  New York Timing London Timing
Session 1: 13 September 2021 
 10:00am - 12:00pm EST
 15:00 - 17:00 GMT
Session 2: 14 September 2021
 10:00am - 12:00pm EST  15:00 - 17:00 GMT

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 CONTENTS

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

FACULTY

DR CARLOS BLANCO is a financial risk management expert with over 20 years of diverse experience in energy markets. He has worked with some of the largest energy and commodity market firms worldwide providing educational, advisory services and software solutions.

He is the managing director of analytic solutions for Ascend Analytics. He has advised risk groups and senior management in oil, gas, power, mining and trading firms on various matters related to the risk management process including risk policy, hedging strategy, risk model development and validation, risk appetite and risk metrics.

Dr. Blanco is an active faculty member for Mennta Energy Solutions since 2004, and he has conducted a wide range of energy derivatives hedging, pricing and risk management seminars worldwide. A frequent conference speaker and writer, he has coauthored over 150 articles for Energy Risk Magazine, Commodities Now, Energy Metro Desk, Oil and Gas Journal and others.

He is a former VP Risk Solutions at Financial Engineering Associates, Inc (a MSCI/BARRA Company), where he managed the market risk suite of products as well as the firm’s product support and professional services group. He also taught finance at the University of California, Berkeley, and the ABN AMRO Academy.

GARP rgbMennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. Mennta Energy Solutions has determined that this program qualifies for 16 GARP CPE credit hours. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at www.garp.org/cpe

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