Beyond the Battery: Best Practices for Large-Scale Energy Storage Systems
The global energy storage market is experiencing explosive growth, nearly tripling in size in 2023. This surge is fueled by falling battery costs, technological advancements, and regulatory support, although there remains a wide disparity in understanding BESS components and applications across various industry stakeholders.
This resource outlines the basics of BESS and highlights essential elements for developing best-in-class front-of-the-meter storage projects, the advancement of applications, and the increasing necessity for energy storage systems.
- Firm renewables and transmission constraints and growing need for capacity is driving the BESS boom
- Key considerations for storage beyond a physical system; project size and application; and value-stacking
- Leveraging the IRA and Standalone Storage ITC
- The benefits of strategic partnerships for contracts and pricing