Power and renewables

Look before you leap: Understanding risks for hybrid projects in ERCOT

Hybrid projects in ERCOT

Complimentary webinar

In the past year, the energy landscape has experienced a lot of market changes—from the new Biden administration to the 2020 February weather events in Texas to unprecedented heatwaves across the nation—and with these changes, come new opportunities and risks. In addition, rule changes put in place on June 30th will start to have an impact on the market. If you’re an energy player in ERCOT, you may have several questions around how this will affect the economics, market structure, and capacity of your hybrid storage projects. 

This webinar discussed the long-term dynamics of the market, recent rule changes, how to procure ancillary services, revenue and technology implications, and the importance of understanding the valuation of your storage project. 

This webinar is intended for:

  • Developers
  • Utilities
  • Retail energy providers who operate in ERCOT
  • Project owners 
  • Financiers

Questions that were discussed:

  • How will the June 30th rule changes affect my projects moving forward?
  • What do I need to know to confidently enter the ERCOT market?
  • How will market changes influence siting and how can I mitigate those risks?
  • When looking into siting options, how will market changes affect project evaluation and interconnection?
View the on-demand recording here.

Featured DNV Speakers:

Tim Pearce 200x200pxlTim Pearce, Director, Resource Integration and Market Analytics - Power System Advisory, Energy Systems, has 20+ years of experience in the energy space. Prior to DNV, Tim owned his own consulting business, providing expert analysis to investment fund managers in the energy sector who invest in energy debt instruments, generation projects, and load-serving entities. He also developed business processes and efficiency evaluations for energy companies. Prior to his consulting business, he served as Chief Commercial Officer for Essential Power, a privately held IPP, dispatching facilities, and managing all the company’s hedging, origination, development, and commercial external affairs. Tim also served as the Executive Director of Commercial Operations for Panda Power Funds, a $420M private equity fund with a focus on thermal and renewable generation development and acquisition. 

Earlier in Tim’s career, he built and managed a northeast power group for Direct Energy, enabling the company to successfully run a northeast retail and wholesale business. Tim’s asset management experience has focused on integrating and hedging the exposure of renewable and thermal base load, cycling, and peaking units with various fuel types in both ISO and bilateral markets. Prior to entering the energy sector, Tim was employed by Lehman Brothers in New York and London and has expertise in the fixed income and foreign exchange markets. Tim earned his degree in Finance with a concentration in International Studies from LaSalle University in Philadelphia, Pennsylvania.

Wenbo Zhang 200x200pxlWenbo Zhang, Team Lead, Markets and Advanced Analytics, Energy Systems, has over nine years of experience in the Renewable Energy and Battery Energy Storage Systems (BESS), supporting developers, utilities and regulators in storage project origination, valuation, and impact assessment. Wenbo has deep experience in North American energy markets, battery dispatch operations, transmission analytics, and power systems dynamics. She is the product manager of DNV’s Hybrid Energy Resource Optimizer and is leading product development in next-generation analytics on hydrogen energy systems and mobile storage platforms. Mrs. Zhang earned her M.S. degree in Electrical and Computer Engineering from North Carolina State University.

In the past year, the energy landscape has experienced a lot of market changes—from the new Biden administration to the 2020 February weather events in Texas to unprecedented heatwaves across the nation—and with these changes, come new opportunities and risks. In addition, rule changes put in place on June 30th will start to have an impact on the market. If you’re an energy player in ERCOT, you may have several questions around how this will affect the economics, market structure, and capacity of your hybrid storage projects. 

This webinar discussed the long-term dynamics of the market, recent rule changes, how to procure ancillary services, revenue and technology implications, and the importance of understanding the valuation of your storage project. 

This webinar is intended for:

  • Developers
  • Utilities
  • Retail energy providers who operate in ERCOT
  • Project owners 
  • Financiers

Questions that were discussed:

  • How will the June 30th rule changes affect my projects moving forward?
  • What do I need to know to confidently enter the ERCOT market?
  • How will market changes influence siting and how can I mitigate those risks?
  • When looking into siting options, how will market changes affect project evaluation and interconnection?
View the on-demand recording here.

Featured DNV Speakers:

Tim Pearce 200x200pxlTim Pearce, Director, Resource Integration and Market Analytics - Power System Advisory, Energy Systems, has 20+ years of experience in the energy space. Prior to DNV, Tim owned his own consulting business, providing expert analysis to investment fund managers in the energy sector who invest in energy debt instruments, generation projects, and load-serving entities. He also developed business processes and efficiency evaluations for energy companies. Prior to his consulting business, he served as Chief Commercial Officer for Essential Power, a privately held IPP, dispatching facilities, and managing all the company’s hedging, origination, development, and commercial external affairs. Tim also served as the Executive Director of Commercial Operations for Panda Power Funds, a $420M private equity fund with a focus on thermal and renewable generation development and acquisition. 

Earlier in Tim’s career, he built and managed a northeast power group for Direct Energy, enabling the company to successfully run a northeast retail and wholesale business. Tim’s asset management experience has focused on integrating and hedging the exposure of renewable and thermal base load, cycling, and peaking units with various fuel types in both ISO and bilateral markets. Prior to entering the energy sector, Tim was employed by Lehman Brothers in New York and London and has expertise in the fixed income and foreign exchange markets. Tim earned his degree in Finance with a concentration in International Studies from LaSalle University in Philadelphia, Pennsylvania.

Wenbo Zhang 200x200pxlWenbo Zhang, Team Lead, Markets and Advanced Analytics, Energy Systems, has over nine years of experience in the Renewable Energy and Battery Energy Storage Systems (BESS), supporting developers, utilities and regulators in storage project origination, valuation, and impact assessment. Wenbo has deep experience in North American energy markets, battery dispatch operations, transmission analytics, and power systems dynamics. She is the product manager of DNV’s Hybrid Energy Resource Optimizer and is leading product development in next-generation analytics on hydrogen energy systems and mobile storage platforms. Mrs. Zhang earned her M.S. degree in Electrical and Computer Engineering from North Carolina State University.