Are battery storage projects financially viable?

While the cost of battery storage technology has been decreasing, the initial capital investment for BESS projects can still be substantial. Securing funding and achieving financial viability remains a significant challenge.

What should developers consider during a project lifecycle?

Developers need to navigate the delicate balance between upfront costs and long-term benefits, considering factors like battery degradation, through life maintenance, system integration, insurance and end of life costs. 4/ Be aware that regulatory requirements may change during the project lifecycle

What is a battery energy storage system?

Battery Energy Storage Systems (BESS) are at the forefront of the global transition towards a more sustainable and resilient energy future. As grid modernisation gains traction, these systems will play an increasingly important role in meeting the ever-growing demand for clean, reliable power.

How can Bess improve the operational life of a project?

Implementing robust monitoring and maintenance programmes and the sharing of operational experience as it is acquired, are essential to address these concerns and maximise the operational life of BESS projects. 10/ View projects through a whole system lens

What challenges do Bess projects face?

Navigating regulatory landscapes can pose a considerable challenge for BESS projects. As BESS is a relatively new technology, regulations and standards are currently diverse and evolving at local, national, and international levels. There is currently not the same body of knowledge available that exists for more established installation types.

How can developers reduce the environmental footprint of Bess projects?

Developers must prioritise sustainable practices in sourcing materials, manufacturing processes, and end-of-life disposal strategies to minimise the overall environmental footprint of BESS projects. 7/ Invest in robust environmental assessments that demonstrate good design