Current State
U.S. Energy Markets
There are seven primary power markets in the United States today. They all have different pricing dynamics, regulations, and are evolving at different rates. One commonality that exists – they are all growing. With peak electricity demand expected to increase by over 100GW by the end of the decade, batteries will be essential to ensuring we can reliably power people and businesses. However, operating storage assets effectively can be challenging given the complex and varied markets.
That’s why we’re committed to demystifying these markets and equipping battery operators with the insights they need to perform efficiently and effectively — helping build a cleaner, more reliable energy future for everyone.
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CAISO
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NYISO
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PJM
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MISO
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ERCOT
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ISO-NE
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SPP
Snapshot:
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01
CAISO
Momentum
strong
Bess Capacity
~11GW
Storage Targets
52GW Storage Demand
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02
ERCOT
Momentum
strong
Bess Capacity
~6.5GW
Storage Targets
N/A
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03
NYISO
Momentum
medium
Bess Capacity
~0.2GW
Storage Targets
6GW Storage by 2030
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04
ISO-NE
Momentum
medium
Bess Capacity
~0.4GW
Storage Targets
3GW Storage Across 4 States
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05
PJM
Momentum
low
Bess Capacity
~0.4GW
Storage Targets
~18GW Across 5 States
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06
SPP
Momentum
low
Bess Capacity
<0.1GW
Storage Targets
N/A
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07
MISO
Momentum
low
Bess Capacity
<0.1GW
Storage Targets
10GW Across 2 States
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Market Intel
ERCOT: Fast growing, energy-only market servicing 24M+ Texans.
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Market Intel
CAISO: Market-leading ISO supporting 32M+ in California
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Market Intel
NYISO: Up and coming market serving ~20M New Yorkers.
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Market Intel
ISO-NE: Emerging market for storage, covering 15M across six states.
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Market Intel
PJM: The largest RTO by load and population, serving 65M+ across 13 US states and DC
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Market Intel
SPP: An energy market serving 14 U.S. states and ~18M people.
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Market Intel
MISO: Large energy storage market spanning 15 U.S. states and Manitoba.