What is BESS?
BESS stands for Battery Energy Storage Solution.
Why does BESS matter?
Renewable generation are variable energy resources (VER) that produce green energy but whose output is variable. BESS enables storage of energy when there is an excess of generation and discharge when demand is high.
What are reasons to participate?
There are many good reasons to participate including revenue stacking, short(er) payback period versus other assets, right way risk on volatility, hedgeable risks, etc.
Is it too late to participate in BESS?
It is not too late to participate in BESS. We are in the first innings of this phenomenon. BESS economics are still compelling. Contact us for more information about battery project economics.
What does BESS cost?
BESS costs have been steadily decreasing every year, year-on-year. As of December 2020, BESS costs approximately $425 per kWh.
How much land do I need for BESS?
Using current technology (Feb 2021), one can install at least 25MWh per acre of land.
Who makes batteries?
More than 75% of the world's supply of batteries come from China.
What about Lithium?
Lithium, a key component of batteries, comes predominantly from South America, Australia, and China.