Energy storage epc pitfall avoidance guide

What is the best practice guide for energy storage projects?

This Best Practice Guide covers eight key aspect areas of an energy storage project proposal. This Guide documents the industry expertise of leading firms, covering the different project components to help reduce the internal cost of project development and financing for both project developers and investors.

What should I do if an EPC is not 'best for project'?

It is a dynamic market and traditional models (e.g. wrapped EPC) may not be 'best for project'. Ensure tender flexibility for adjustments and if the scope is split, map OEM-BOP interactions for risk mitigation. Align internal approval timing with connection progress and commitments for pricing and manufacturing slots with OEM and BOP contractor.

What is the advancing contracting in Energy Storage Working Group?

The Advancing Contracting in Energy Storage (ACES) Working Group is an independent industry led and funded effort founded to develop a best practice guide for the energy storage project development community.

Can energy storage projects be developed as merchant facilities?

Several energy storage projects have been developed as merchant facilities, particularly in ERCOT, MISO and PJM. However, some energy storage projects have also successfully entered into long term contracts for the offtake of the storage resource or to assist in financing.

How can you navigate battery energy storage systems challenges?

We discuss how you can navigate battery energy storage systems challenges with insights on procurement, risk mitigation, and project optimisation for successful delivery. Optimise market engagement and procurement efficiency by tendering based on a combination of OEM and owner/financier terms.

What percentage of energy storage funds are allocated to residential projects?

Eighty-five percent of funds are allocated to energy storage technologies. Ten percent of these funds (8.5% of the total) are allocated to residential energy storage projects, which are less than or equal to 10 kilowatts in size. The remaining 90% are allocated to projects greater than 10 kilowatts in size.