Five key parameters of BESS capex
Battery energy storage systems (BESS) are the crucial and most transformative solution for the challenges posed by the intermittency of renewable energy sources. Not only can BESS be coupled with renewables, but also can be connected to the grid as a standalone battery for frequency control applications and grid stabilization proposes. As such, the BESS market is multiplying as the energy transition speeds up. BESS costs can vary across regions and markets. In fact, project size, storage capacity (storage duration), battery technology as well as regional cost factors like labor wages, land prices, shipping, logistics, and design, can all impact capital expenditures (capex). Read more about in our recent Whitepaper!