What are the different business models for Battery Energy Storage Systems?
Battery Energy Storage Systems (BESS) can be deployed using various business models depending on the specific needs and goals of the stakeholders involved. Some common business models include utility-owned systems, where the utility company owns and operates the BESS to provide grid services such as frequency regulation and peak shaving. Independent power producers can also develop BESS projects and sell the energy in wholesale markets or through contracts with utilities. Additionally, behind-the-meter BESS can be installed by commercial or residential customers to reduce energy costs, provide backup power, or participate in demand response programs. These different business models allow flexibility in how BESS projects are developed, financed, and operated to maximize their economic and environmental benefits.
This mind map was published on 31 July 2024 and has been viewed 36 times.
