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Discussing the BESS operational techno-economic evaluation cycle

Battery energy storage systems (BESS) have the unique ability to provide a fast, prolonged, and bi-directional response to changing grid conditions. These capabilities make BESS essential, fully controllable, resources for electric grid operators. They mitigate the impacts of intermittent resources, firm up production of co-located renewables, better navigate temporal discrepancies between generation and load and provide grid services such as voltage and frequency control.

This webinar presented a holistic summary of the techno-economic mechanisms that impact the design and operation of BESS projects. Specifically, it highlighting the interdependent nature of the “usage – revenue – cost” cycle of a BESS project, illustrating the need for right-sizing and optimizing the project during the design stage and over its lifetime.

Our panel also discussed typical commercial structures that govern BESS usage and monetization, plus technology specific consequences of usage, such as energy capacity degradation, capacity augmentation, and associated costs.

Speakers

Sean Maxson 200x200pxl

Sean Maxson, Consultant, Storage and Grid Intelligence team DNV

20200225 Mohammed Muthalib 200x200pxl

Dr. Mohammed Muthalib, Head of Section, Storage and Grid Edge Intelligence group, DNV Energy Storage Advisory for North America DNV

20210830 Nellie Tong 200x200pxl

Nellie Tong, Project Manager, Storage and Grid Edge Intelligence team DNV

Aaron Marks - Wood Mackenzie 200x200pxl

Aaron Marks, Senior Research Analyst, North American Energy Storage Technology Wood Mackenzie

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