ERCOT battery energy storage revenues fall in November 2024

US-based ERCOT reported that battery energy storage revenues dropped to $33/kW/year in November 2024, marking a 20% decline from October’s $42/kW/year and nearly 50% below the year-to-date average of $61/kW/year. Jupiter Power’s Swoose battery achieved the highest earnings during this period, particularly in West Texas thanks to favorable price spreads.