Energy storage is critical to transitioning the grid to a low-carbon future while maintaining reliability and controlling energy costs. In 2021, grid-scale battery storage arrived in full force when cumulative Battery Energy Storage System/Project (“BES Project” or “BESS”) installed capacity doubled from the year prior. Similar market growth is expected to continue.
What's in this whitepaper:
In this insights report, CohnReznick Capital and Black & Veatch analyze best practices and concepts shaping grid-scale merchant storage, including:
- Merchant revenue strategies & forecasting methodologies
- Drivers of degradation
- Strategies to offset degradation (oversizing and augmentation)
- Estimating and underwriting overall project useful life