Owners and operators of energy storage systems, as well as investors, need transparent ways to evaluate battery performance. They need certainty that the selected batteries for their ESS projects will perform reliably, have predictable life expectancies, and meet projected revenue and contractual obligations over their lifetimes. The economic viability of entire projects depend on this confidence, writes Michael Kleinberg of DNV.
Greater dispatchability will be required from solar as it becomes increasingly mainstream worldwide, or investors could experience diminishing returns as a victim of the technology’s success at bearing down on electricity prices.
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