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RWE Takes Final Investment Decision on 400 MW Battery in Netherlands

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RWE has taken the final investment decision to build a 400 megawatt/1,100 megawatt-hour battery storage system at its Moerdijk power station in the Netherlands, with commissioning planned for the second quarter of 2028, the company said in a Monday statement.

The project will comprise 208 lithium-ion battery containers and can deliver its full output for almost three hours. RWE said the system could supply enough electricity to meet evening peak demand from about 500,000 households, while also absorbing surplus power from the grid within seconds.

The battery is to connect to the national grid through the existing substation at the Moerdijk power plant. Under capacity steering agreements with transmission system operator TenneT, it will be dispatched to help relieve electricity grid congestion in Noord-Brabant and could free up capacity for customers waiting to connect.

TenneT and regional grid operator Enexis will assess the project's impact as part of ongoing congestion management planning.

The system is also to provide grid services, including instantaneous reserve and inertia. It is intended to support RWE and TotalEnergies' (TTE) 795 MW OranjeWind offshore wind project by storing electricity during periods of high wind generation and feeding it back into the system when demand rises, alongside other flexibility technologies such as electrolysis, e-boilers and smart charging.

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Commodities

US Power Update: Prices Show Wide Regional Swings, With PJM Above $500/MWh

US electricity markets saw wide price swings, with locational marginal prices varying sharply across regions as power demand shifted.The Independent Electricity System Operator led the markets at 5 p.m. ET with a locational marginal price of $36.47 per megawatt-hour, compared with $30/MWh for the Independent System Operator of New England, which posted the lowest price at that hour.For intraday peaks, PJM Interconnection reached $518.41/MWh at 1:35 p.m. ET, while the IESO recorded the lowest locational marginal price at $0/MWh at 2:45 a.m. ET.The National Weather Service's Climate Prediction Center forecasts above-normal temperatures across most of the US from Sept. 29-Oct. 5, with near-normal readings in some areas of the West.

Commodities

Natural Gas Update: US Futures Fall on European Decline

US natural gas prices fell to a one-week low on Monday, pressured by a sharp decline in European gas prices, while forecasts for hotter US weather helped limit the losses.In US trading, both the front-month Henry Hub contract and the continuous contract fell by 2.85% to $2.829 per million British thermal units.In Europe, the front-month Dutch TTF gas futures contract dropped 7.417% to 73.620 euros ($84.40) per megawatt-hour, while British NBP futures declined 7.469% to 183.36 pence ($2.45) per therm.Losses in US gas prices were tempered by forecasts for hotter weather that could boost demand from power generators for air conditioning, Barchart said. The Commodity Weather Group said on Monday that forecasts had shifted hotter, with above-average temperatures expected across the US Gulf Coast through Sept. 30.US gas production remained robust, while inventories were above historical averages, limiting the potential for a sharper price rally. In Europe, gas prices fell after details of Germany's latest gas storage tenders indicated that the volumes sought would be lower than initially expected.

Commodities

Market Chatter: Meta's Alberta Data Center Boosts Province's Appeal to US Hyperscalers, Capital Power Says

Capital Power CEO Avik Dey said Meta's (META) planned CA$13 billion ($9 billion) Alberta data center has boosted the province's appeal to hyperscalers, who view the project as a vote of confidence in the government's artificial intelligence strategy, Reuters reported on Monday.Dey reportedly said the company is in talks with several firms seeking electricity for potential projects and expects other US hyperscalers to follow Meta.More than 100 data centers have been proposed in Alberta, which offers abundant natural gas, available land and a cold climate. Capital Power will initially supply 250 megawatts of electricity to Meta's site.Capital Power did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$META