Lithium-ion battery costs are tumbling, with research last year suggesting an 86% fall within 10 years—arriving at $73 per kWh by 2023.
Large stationary storage systems still involve high capital outlays, however, which is why investors and asset owners are usually keen to find ways to improve the return on investment (ROI) of battery acquisitions.
Fortunately, the flexibility of modern battery storage systems is such that there are often many ways that an asset can pay for itself, irrespective of whether it is located in a front-of-meter or behind-the-meter (BTM) setting.
The key is to plan your battery deployment to maximize ROI from the start, and to do that there is a series of steps you should bear in mind before, during and after commissioning.
Publish date: 03 March, 2021