Featured in Further upstream – 10-2024

BESS are becoming more attractive

As battery energy storage system (BESS) costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently-generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide.
By
pv magazine

 Energy storage installations generate returns through two primary streams: merchant revenue and contracted revenue. Contracted revenue often requires reform, market creation, and government backing to come to fruition, with key ­examples including capacity markets and large-scale tenders.On the other hand, merchant revenue – which does not need an energy offtaker – is organic and can …

pv magazine
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