Is C&I the future of energy storage?

While residential and utility-scale BESS projects have garnered significantly greater coverage, the commercial and industrial (C&) sector is the future of energy storage. When we examine these applications, it is clear why C&I is often overlooked.

What is the market for battery energy storage systems?

The market for battery energy storage systems is growing rapidly. Here are the key questions for those who want to lead the way. With the next phase of Paris Agreement goals rapidly approaching, governments and organizations everywhere are looking to increase the adoption of renewable-energy sources.

Is energy storage a profitable business model?

Although academic analysis finds that business models for energy storage are largely unprofitable, annual deployment of storage capacity is globally on the rise (IEA, 2020). One reason may be generous subsidy support and non-financial drivers like a first-mover advantage (Wood Mackenzie, 2019).

Are stationary battery energy storage systems the future of energy storage?

The energy landscape is changing rapidly, driven by the widespread adoption of stationary Battery Energy Storage Systems (BESS). While residential and utility-scale BESS projects have garnered significantly greater coverage, the commercial and industrial (C&) sector is the future of energy storage.

What are business models for energy storage?

Business Models for Energy Storage Rows display market roles, columns reflect types of revenue streams, and boxes specify the business model around an application. Each of the three parameters is useful to systematically differentiate investment opportunities for energy storage in terms of applicable business models.

Are electricity storage technologies a viable investment option?

Although electricity storage technologies could provide useful flexibility to modern power systems with substantial shares of power generation from intermittent renewables, investment opportunities and their profitability have remained ambiguous.