Transmission

Germany sits at the centre of Europe's energy transition: over 800 distribution networks, deep intraday markets, and a flexibility gap roughly 40 times its battery fleet. But the real question isn't whether the market is big - it's whether it saturates as battery capacity grows, or scales for years yet. Philipp Man is co-founder and CEO of Terralayr. He joins Ed Porter to unpack the operational re...

Developing battery storage in emerging markets isn't a technology problem - it's a regulatory, offtake, and capital problem. The frameworks, offtake structures, and capital mandates weren't built for storage and that gap is exactly where the risk sits. Hassen Bali, co-founder and director at Ion Ventures, joins Ed Porter to discuss what it actually takes to develop battery storage projects across...

Developing battery storage in emerging markets isn't a technology problem - it's a regulatory, offtake, and capital problem. The frameworks, offtake structures, and capital mandates weren't built for storage and that gap is exactly where the risk sits. Hassen Bali, co-founder and director at Ion Ventures, joins Ed Porter to discuss what it actually takes to develop battery storage projects across...

Spain has approximately 42GW of utility-scale solar and 50GW when rooftop is included, yet less than 100MW of grid-connected battery storage. In February, solar capture rates hit €1.30 per megawatt hour, a fraction of the €30–35/MWh needed for a solar project to break even. So why hasn't battery storage followed the solar boom and could it be the key to rescuing solar revenues? Pablo Martinez Serr...

Spain has approximately 42GW of utility-scale solar and 50GW when rooftop is included, yet less than 100MW of grid-connected battery storage. In February, solar capture rates hit €1.30 per megawatt hour, a fraction of the €30–35/MWh needed for a solar project to break even. So why hasn't battery storage followed the solar boom and could it be the key to rescuing solar revenues? Pablo Martinez Serr...

Smart EV charging isn't just about saving money on your electricity bill, it's quietly becoming one of the most scalable sources of grid flexibility in Great Britain. Ohme has run the numbers: incentivising 22,000 customers to plug in more often drove a 32–37% increase in plug-in frequency, unlocking dispatchable flexibility across 60 National Grid events. In this episode, Ed is joined by Joshua W...

Smart EV charging isn't just about saving money on your electricity bill, it's quietly becoming one of the most scalable sources of grid flexibility in Great Britain. Ohme has run the numbers: incentivising 22,000 customers to plug in more often drove a 32–37% increase in plug-in frequency, unlocking dispatchable flexibility across 60 National Grid events. In this episode, Ed is joined by Joshua W...

Battery storage looks simple - a steel box that charges when prices are low and discharges when they're high. But financing a BESS project in Europe means underwriting a trading position: convex revenues, volatile returns, and a growing menu of contractual choices that each shift the risk profile in a different direction. Lisa McDermott, Managing Director and Head of Energy Transition Project Fina...

Battery storage looks simple - a steel box that charges when prices are low and discharges when they're high. But financing a BESS project in Europe means underwriting a trading position: convex revenues, volatile returns, and a growing menu of contractual choices that each shift the risk profile in a different direction. Lisa McDermott, Managing Director and Head of Energy Transition Project Fina...

The battery storage gold rush is over in most major markets. What's replaced it is more complex, more competitive, and if you're not careful with your contracts - potentially more exposed than the merchant era ever was. It is often thought that offtake deals like tolls de-risk a battery project, but that might be one of the biggest misconceptions in BESS right now. The market is maturing fast, but...

The battery storage gold rush is over in most major markets. What's replaced it is more complex, more competitive, and if you're not careful with your contracts - potentially more exposed than the merchant era ever was. It is often thought that offtake deals like tolls de-risk a battery project, but that might be one of the biggest misconceptions in BESS right now. The market is maturing fast, but...

Most BESS revenue forecasts aren't wrong, they're just being used for the wrong thing. The gap between a valuation-grade forecast and what a project actually earns in a live market is where BESS developers win or lose. The developers who survive that gap are the ones who design for uncertainty from the start - not after the fact. Recorded live at the Investing in Battery Energy Storage conference,...

Most BESS revenue forecasts aren't wrong, they're just being used for the wrong thing. The gap between a valuation-grade forecast and what a project actually earns in a live market is where BESS developers win or lose. The developers who survive that gap are the ones who design for uncertainty from the start - not after the fact. Recorded live at the Investing in Battery Energy Storage conference,...

Battery storage in Africa is one of the most misunderstood opportunities in global energy. Only 8% of the continent’s hydro power has been tapped. In Malawi, just 14% of the population is connected to the grid. Africa needs to add an estimated 100 GW of capacity in the next decade and the fastest way is with renewables and storage. Michael Cupit develops BESS projects in Malawi and Kenya, and he’s...

Battery storage in Africa is one of the most misunderstood opportunities in global energy. Only 8% of the continent’s hydro power has been tapped. In Malawi, just 14% of the population is connected to the grid. Africa needs to add an estimated 100 GW of capacity in the next decade and the fastest way is with renewables and storage. Michael Cupit develops BESS projects in Malawi and Kenya, and he’s...

Biomethane currently supplies just 1% of UK gas demand. Could it reach 30% by 2050? Philipp Lukas, founder and CEO of Future Biogas, makes the case. The UK uses around 700 terawatt hours of gas every year. Even as electrification reduces that to 150–250 TWh by 2050, the gas that remains will be harder than ever to replace. Industrial heat, steel, glass, shipping, aviation. Biomethane, produced fro...

Biomethane currently supplies just 1% of UK gas demand. Could it reach 30% by 2050? Philipp Lukas, founder and CEO of Future Biogas, makes the case. The UK uses around 700 terawatt hours of gas every year. Even as electrification reduces that to 150–250 TWh by 2050, the gas that remains will be harder than ever to replace. Industrial heat, steel, glass, shipping, aviation. Biomethane, produced fro...

Eight in ten clean energy projects never make it through development. Not because of bad ideas, but because of how the process is run: sequential, analog, and fragmented across consultants, spreadsheets, and months of waiting. In this episode of Transmission, Alejandro speaks with Stuart Pomeroy from Paces .Stuart breaks down exactly why the traditional development model fails, what a parallel wor...

Eight in ten clean energy projects never make it through development. Not because of bad ideas, but because of how the process is run: sequential, analog, and fragmented across consultants, spreadsheets, and months of waiting. In this episode of Transmission, Alejandro speaks with Stuart Pomeroy from Paces .Stuart breaks down exactly why the traditional development model fails, what a parallel wor...

Tax insurance helps clean energy projects manage the risk of the IRS challenging their tax credits - like the Investment Tax Credit (ITC), Production Tax Credit (PTC), or bonus depreciation. Instead of carrying that uncertainty, developers and investors can transfer it to insurers, adding confidence to project financing. In this episode, Alejandro speaks with James Chenoweth Managing Director at A...

Tax insurance helps clean energy projects manage the risk of the IRS challenging their tax credits - like the Investment Tax Credit (ITC), Production Tax Credit (PTC), or bonus depreciation. Instead of carrying that uncertainty, developers and investors can transfer it to insurers, adding confidence to project financing. In this episode, Alejandro speaks with James Chenoweth Managing Director at A...

How does a major renewable operator decide what gets built, where, and with whose capital? Lolita Carry, Director of Portfolio Strategy at Engie North America, explains how Engie manages a 20GW BESS, wind, and solar pipeline across ERCOT, PJM, MISO, and CAISO. In this episode Alejandro de Diego speaks with Lolita Carry about how one of the US's largest battery storage operators structures its inve...

How does a major renewable operator decide what gets built, where, and with whose capital? Lolita Carry, Director of Portfolio Strategy at Engie North America, explains how Engie manages a 20GW BESS, wind, and solar pipeline across ERCOT, PJM, MISO, and CAISO. In this episode Alejandro de Diego speaks with Lolita Carry about how one of the US's largest battery storage operators structures its inve...

The money for German battery storage exists. What's scarce is bankability - the clarity that lets a lender actually commit. What are banks really evaluating when they look at BESS projects in Germany and why regulatory uncertainty, grid connection risk, and the structure of offtake agreements can make or break the chances of getting debt across the line. In this conversation, Ed is joined by Flori...

The money for German battery storage exists. What's scarce is bankability - the clarity that lets a lender actually commit. What are banks really evaluating when they look at BESS projects in Germany and why regulatory uncertainty, grid connection risk, and the structure of offtake agreements can make or break the chances of getting debt across the line. In this conversation, Ed is joined by Flori...