Battery's Ancillary Service → Energy Trading shift, done two different ways: Texas vs. the UK Batteries switch to energy trading once a market's Ancillary Service products are saturated In Texas, this new meta means performing fewer, deeper discharges to alleviate congestion during scarcity events This is why the shift to energy trading has resulted in discharge depth rising 16 → 32%, while the fleet continues to average 0.8 cycles/day But in the UK, the lack of price spikes means batteries rely on consistently shifting larger volumes of energy instead And so, in the GB market, the shift to energy trading has resulted in cycling rising 0.5 → 1.2 The same phenomenon, but two different operational strategies