THEMA provides tailored revenue assessments for battery energy storage systems (BESS) across the wholesale and reserve markets in the Nordics and Germany. Using our detailed optimisation model together with THEMA’s market outlook data, we estimate the future revenue potential of a battery, tailored to its specific location and technology.
Battery revenue assessments across markets
THEMA’s battery assessments are based on our proprietary battery model and THEMA’s outlooks for the wholesale and reserve markets. A typical assessment includes:
- Value stacking across the relevant markets, including day-ahead, intraday and the reserve markets (FFR, FCR, aFRR and mFRR), using our multi-market optimisation model.
- Assessments tailored to the individual case, with client-specific parameters for location, technology, round-trip efficiency, cycling constraints and degradation.
- Analysis based on THEMA’s three market scenarios, with the option of client-specific scenarios and sensitivities.
Transparent methodology and deliverables
The model optimises the battery’s dispatch strategy step by step across the markets, providing the total revenue potential split by market. A typical delivery consists of:
- A concise, to-the-point report explaining the key results, methodology and assumptions.
- Detailed data in Excel, including dashboards that provide full transparency around the key inputs and results.
- Access to our experts through workshops and discussions, where we walk through the results, drivers and uncertainties.
