SPECIAL REPORT

Maximising BESS Revenues

Insights into the changing outlook for different BESS revenue streams and its impact on investors from a panel of experts convened by Tamarindo’s Energy Storage Report, in partnership with Eversheds Sutherland

About this report

Battery storage in the power sector was the fastest growing commercially available energy technology in 2023, with deployment more than doubling year-on-year, according to the International Energy Agency.

However, to triple global renewable energy capacity by 2030 while maintaining electricity security, energy storage deployment needs to increase six-times, the IEA has said.

Such a rapid increase in energy storage deployment will take copious amounts of investment. And while investors are generally becoming more comfortable with merchant revenue risk, the battery energy storage system (BESS) revenue landscape is rapidly changing.

Tamarindo’s Energy Storage Report, in partnership with Eversheds Sutherland, convened a panel of energy storage industry experts to discuss the outlook for different BESS revenue streams and the biggest challenges faced when seeking to maximise BESS revenues. The panel also explored how investors are responding to the changing market dynamics.

This report encapsulates the key findings of the panel. The panel members were:

Hannah Staab, Director, Development Projects, Copenhagen Infrastructure Service

Paul Soskin, Head of Commercial Operations, Masdar Arlington Energy

Tom Tindall, Senior Vice-President, Markets & Commercial, Brookfield Renewable

Dane Wilkins, Managing Director – EMEA, Pacific Green

Ed Porter, Customer Success Director, Modo Energy

Rupert Newland, CEO, Arenko

Caroline Clapham, Partner, Eversheds Sutherland

Sumit Joshi, Director, Energy Flexibility, Baringa

Ben Brown, Partner, Eversheds Sutherland

Steven Coppack, Power Director, Timera Energy

 

Published by Tamarindo in partnership with

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Published by Tamarindo
July 3, 2024