It is evident that energy transition technologies continue to advance despite certain challenges. This is particularly true for power grid expansions and the development of flexibility markets, where Battery Energy Storage Systems (BESS) play a crucial role, see more here Battery Energy Storage Systems (BESS) as a Key Flexibility Provider – ETT Center. Recently, I have had several discussions with battery project developers about battery market access and the software solutions that support it. Companies recognize the growing demand for solutions that facilitate battery market participation. But what are the key requirements for such solutions? Examining the battery value chain, we can identify three main types of solutions: Battery Management Systems (BMS), Energy Management Systems (EMS), and trading & analytics solutions. The BMS is typically provided by battery manufacturers as part of the hardware package. The EMS, often developed by third-party providers, acts as an intermediary, connecting batteries to further applications. Both BMS and EMS are relatively standardized, offered by large industry players. However, the most complex and uncertain area lies in the third category: trading and analytics solutions. What is the underlying business model? Batteries generate the highest profits when traded across multiple markets, ranging from different types of… continue reading