Exposure queue

+$180K vs plan, best cycle discipline in the fleet

WinnerSMT Dallas IIIDegradation10 MW · CATL · Fluence
Value vs guarantee
+$180K
$180,000

SOH holding 7.4pts above the 90% warranty floor — the most headroom in the fleet — with 210 of 700 cycles used, the lowest burn rate, while still capturing top-quartile dispatch.

Opportunity: Most warranty headroom in the fleet. This is where extra cycling should go.

Recommended action

Route additional discretionary cycling here to relieve Bay City without touching warranty risk.

Evidence

The full provenance behind this number: inputs, the calculation, the underlying series, and the source.

Inputs used
SOH margin to floor
+7.4 pts
Dallas III BMS vs 90% warranty floor
Cycles used YTD
210 of 700
Dallas III EMS (Fluence)
Cycle headroom
490 cycles
700 envelope less 210 used
Dispatch capture
top quartile
Fleet dispatch ranking, 2026-Q2
The calculation

+$180K vs plan = preserved warranty headroom plus top-quartile dispatch, the lowest cell-life burn in the fleet.

SOH margin to floor+7.4 pts
Unused cycle envelope490 cycles
Value vs plan$180,000
Underlying CYCLES series, last 90 days
Revenue at stakeAssumed
Dispatch revenue forgone
$0
Warranty cost avoided
$0

Routing Bay City's discretionary throughput here captures the dispatch revenue on the fleet's cleanest warranty headroom instead of over-cycling an at-risk envelope. Dispatch value assumed at $72/MWh.

Source Dallas III · warranted curve · EMS cycle counter YTD 2026

Action timeline

Raised, actioned, expired

  1. Raised
    2026-06-17
  2. Actioned
    2026-06-25

Flagged as the fleet's warranty-headroom sink for discretionary cycling.

Related contract

What this exposure is measured against

Warranty floor SOH90.0%
Availability guarantee98.0%
Cycle envelope700/yr
RTE warranted85.0%
Augmentation cost basis$182/kWh
Contract term10 years