Clearway, one of the largest renewable energy companies in the United States, has been developing BESS projects in ERCOT and was seeking reliable market data to help guide their team’s pricing strategy for projects. Clearway typically gathers feedback directly from potential counterparties, which helps to inform their view of market demand and pricing.  Earlier stage BESS projects, however, are more challenging for customers to react to. This creates a lack of clear, actionable pricing feedback. Clearway needed a reliable and data-driven view of the evolving ERCOT BESS market.  

Clearway uses the RenewaFi Price Tracker to reference the estimated energy arbitrage value for various BESS contract structures across ERCOT’s regions. The tracker enables Clearway’s team to collect valuable pricing feedback relative to competitors’ offers and market signals as well as to monitor trends over time.

With a more efficient way to gather BESS market intelligence, Clearway’s origination team now has data to inform their pricing strategy and can go to market confidently with competitive projects. “With RenewaFi, we have real-time visibility into the ERCOT BESS market. We can see prices and structures of the deals that are getting done, which helps inform our pricing strategy to ensure we are bringing attractive projects to our customers,” said Tija Putelis, Senior Associate of Wholesale Origination.