Final month, New York state grid operator NYISO formally began providing batteries and different power storage sources a novel alternative: an opportunity to earn cash as each wholesale and retail power sources, not only one or the opposite.
On August 26, NYISO enabled the software program to permit batteries, pumped hydro amenities and different storage sources to submit affords to purchase and promote power in its real-time and day-ahead markets, and supply fast-responding ancillary providers like frequency regulation to maintain the grid steady. It additionally opened up its Put in Capability market auctions to storage sources, giving them an opportunity to supply their providers to assist grid reliability throughout occasions of peak electrical energy demand
“We is likely to be the primary ISO that truly gives full participation,” NYISO CEO Wealthy Dewey mentioned in an interview shortly earlier than the software program launch. “Battery builders now have that income alternative.”