BESS are becoming more attractive

As battery energy storage system costs plunge, energy price volatility is shortening payback times for storage solutions. This shift, driven by a surge in intermittently generating renewables, and ongoing innovations in battery manufacturing, marks a pivotal moment for energy markets worldwide. From pv magazine print edition 11/24 Energy storage installations generate returns through two primary streams: merchant revenue and contracted revenue. Contracted revenue often requires reform, market creation, and government backing to come to fruition, with key examples including capacity markets and ...

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