As we transition towards a more decentralized and renewable-based energy system, battery storage is becoming a crucial asset in balancing the grid. However, to maximize the value of battery investments, owners must explore multiple revenue streams. The flexibility market operated by NODES™ offers a viable solution for battery storage assets to participate in a structured and transparent DSO market.
Value Stacking for Battery Assets
Battery owners can optimize their revenue by participating in various markets, including:
- TSO markets (FCR, aFRR, mFRR)
- Wholesale market arbitrage
- DSO markets on NODES, which include LongFlex™, MaxUsage™, and ShortFlex™ products
By stacking multiple value streams, battery storage can improve its business case while supporting grid stability.
Real-World Example: Battery Assets in Norway
To illustrate the potential of battery assets in a DSO market, consider two battery storage systems in Norway participating in the Euroflex local flexibility market:
| Battery A | Battery B |
| Capacity: 1 MW for 1 hour | Capacity: 1 MW for 1 hour |
| Offered per year: 80 days | Offered per year: 40 days |
| Utilization per day: 2 hours | Activation per day: 4 hours |
| Availability Price: 250 NOK | Availability Price: 250 NOK |
| Utilization price: 10,000 NOK | Utilization price: 12,000 NOK |
Revenue Potential in a DSO Market
By participating in the Euroflex market, these battery assets can generate significant revenue:
- Battery A: NOK 160,000
- Battery B: NOK 40,000
- Additional revenue from ShortFlex™ activation: NOK 40,000 + NOK 24,000
Why Participate in a NODES-Operated Market?
NODES enables a fair, transparent, and efficient marketplace for local flexibility, allowing:
- DSOs to procure flexibility from a wide range of assets.
- Battery owners optimize returns by stacking revenues from multiple markets.
- A more sustainable grid, reducing congestion and integrating more renewable energy.
These example numbers showcase how the local flexibility market provides an attractive opportunity for battery owners to generate revenue while delivering much-needed flexibility to the grid.
Euroflex – Norway
Euroflex is the market for local flexibility in Norway. On the NODES platform 8 of the biggest DSOs buy flexibility using:
Hourly activation products in the ShortFlex™ market;
Availability products of varying durations in the LongFlex™ market;
Capped power products of varying durations in the MaxUsage™ market.
Read more:
https://nodesmarket.com/euroflex/
