Habitat Energy, the U.K.-based algorithmic optimization and trading platform for grid-scale battery storage and renewables assets, has plans to expand into the U.S. power market with an initial team of 18 data science and power trading specialists, and is positioned to be operational in all major U.S. power markets by the end of next year.
With gas prices and market volatility higher than ever, Habitat is seeing market demand for storage optimization services increasing as asset owners recognize the unique challenges of optimally managing increasing power market volatility which requires highly specialist capability. Habitat has partnered with battery storage developer, Glidepath Power Solutions to optimize an initial portfolio of 60 megawatts of BESS assets to be operational in ERCOT by end 2023. Habitat and Glidepath are both portfolio companies of Quinbrook Infrastructure Partners.
Habitat’s first optimization asset is Glidepath’s 10-megawatt/10-megawatt hour â€