New Revenue Streams for Grid-Scale Batteries: Digital Software Strategies and Business Models

The rise of grid-scale battery storage has been driven by the rapid growth in variable renewable generation, pressure to decarbonize the grid, and emerging new revenue streams for developers, investors, owners, and operators. Providing a variety of vital grid services represents a lucrative opportunity for large asset owners but, the unique challenges presented by batteries, especially grid-scale batteries, – can make them as complex to manage as traditional fossil-fuel powered generation resources.

Despite the valuable flexibility batteries provide and a downward trend in cost per MW, many challenges remain for owners of large grid-assets, including:

• Volatile energy prices
• Integration with power markets
• Regulations in flux
• Maintenance and repair
• Competing approaches to financing

Download the white paper to learn about four fundamentally different business models for guiding investments and operations, ranked from lowest to highest risk, with pros and cons for each and explore how artificial intelligence (AI) and machine learning (ML) can help large asset owners and renewable energy developers maximize value to both site hosts and the larger grid network while reducing the world’s collective carbon footprint.