Utilities: Batteries Are Most Commonly Used for Arbitrage & Grid Stability
Credit to Author: US Energy Information Administration| Date: Tue, 25 Jun 2024 19:23:19 +0000
Electricity utilities increasingly report using batteries to move electricity from periods of low prices to periods of high prices, a strategy known as arbitrage, according to new detailed information we recently published. At the end of 2023, electricity utilities in the United States reported operating 575 batteries with a collective capacity of … [continued]
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