EP.261 Martin Daronnat on Structuring the Future: How FPAs Are Powering Europe’s Battery Revolution

EP.261 Martin Daronnat on Structuring the Future: How FPAs Are Powering Europe’s Battery Revolution

This week on Energy Unplugged, we’re delighted to welcome Martin Daronnat, Head of Flexibility & Structured Origination at ENGIE . He joins Casimir Lorenz, Aurora’s Managing Director for Central Europe, for a deep dive into the emerging market for flexibility purchase agreements (FPAs) and their role in financing and operating large-scale battery energy storage systems (BESS).

Martin has over 10 years of experience in energy, with a strong background in flexibility and renewables structuring and origination. Under his leadership, ENGIE offers flexibility offtake agreements and structured products that make energy assets bankable while optimising risk exposure, including market and credit risk. In 2024, ENGIE closed Germany’s first long-term fixed-price physical FPA, enabling a large-scale BESS project to reach financial close.

Main topics include:

  • How flexibility purchase agreements (FPAs) support large-scale battery storage projects and make them bankable.
  • Exploration of the key factors that determine FPA pricing, including technical battery parameters, market and credit risk, and contract terms.
  • How portfolio effects and strategic positioning influence the value of batteries for traders and asset owners.
  • Differences between fixed-price, partial, and merchant FPAs across European markets.

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Avsnitt(331)

SAWEM: Can South Africa Build a Competitive Power Market? EP. 294

SAWEM: Can South Africa Build a Competitive Power Market? EP. 294

In this episode of Energy Unplugged, two of Aurora’s energy market experts, Dan Monzani, Managing Director for UK, Ireland and South Africa, and Caroline Still, Market Lead - South Africa, examine one...

23 Juni 36min

SAWEM: Can South Africa Build a Competitive Power Market? EP. 294 - Video Edition

SAWEM: Can South Africa Build a Competitive Power Market? EP. 294 - Video Edition

In this episode of Energy Unplugged, two of Aurora’s energy market experts, Dan Monzani, Managing Director for UK, Ireland and South Africa, and Caroline Still, Market Lead - South Africa, examine one...

23 Juni 35min

The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293 - Video Edition

The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293 - Video Edition

This week on Energy Unplugged, Richard Howard, Aurora Energy Research’s Global Research Director, is joined by Jan Rosenow, Energy Programme Lead, Jackson Senior Research Fellow and Professor of Energ...

16 Juni 1h 2min

The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293

The Primary Energy Fallacy: Why Electrification Changes Everything, EP. 293

This week on Energy Unplugged, Richard Howard, Aurora Energy Research’s Global Research Director, is joined by Jan Rosenow, Energy Programme Lead, Jackson Senior Research Fellow and Professor of Energ...

16 Juni 1h 3min

How Does Germany Fix Its Grid Congestion Problem? EP. 292 - Video Edition

How Does Germany Fix Its Grid Congestion Problem? EP. 292 - Video Edition

This week on the Energy Unplugged podcast, Casimir Lorenz, Managing Director for Central Europe at Aurora Energy Research, is joined by Aurélie Alemany, CEO of enercity, to explore one of the most pre...

9 Juni 34min

How Does Germany Fix Its Grid Congestion Problem? EP. 292

How Does Germany Fix Its Grid Congestion Problem? EP. 292

This week on the Energy Unplugged podcast, Casimir Lorenz, Managing Director for Central Europe at Aurora Energy Research, is joined by Aurélie Alemany, CEO of enercity, to explore one of the most pre...

9 Juni 35min

Designing Batteries for a Changing Grid, EP. 291

Designing Batteries for a Changing Grid, EP. 291

This week on Energy Unplugged, Joshua Margulies, Aurora’s Market Lead for France, is joined by Olivier Jacquemin, Head of Power Revenues at Amarenco, one of Europe’s leading independent power producer...

2 Juni 43min

EP. 290 AI, Flexibility and the Rise of the Autonomous Grid

EP. 290 AI, Flexibility and the Rise of the Autonomous Grid

This week on the Energy Unplugged podcast, Richard Howard is joined by Devrim Celal, Chief Marketing & Flexibility Officer, Kraken to explore how flexibility, AI and distributed energy resources are r...

26 Maj 44min

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