House prices near energy storage building

What is battery energy storage sites (Bess)?

One of the largest challenges with renewable energy generation is that it’s intermittent and does not always generate electricity in line with periods of high demand. A key technology in managing this gap between generation and demand are Battery Energy Storage Sites (BESS).

Where should a battery storage lease be located?

In an ideal scenario, the grid connection would be located on the land in question as they are considered more favourable in planning, while also reducing the cost of an extended cable run. Properties that qualify for battery storage leasing are ideally located adjacent to a substation.

How much energy does a building use?

In the United States, buildings account for approximately 39% of all primary energy consumption and 74% of all electricity consumption . Thermal end uses, including space conditioning, water heating, and refrigeration, account for approximately 50% of building energy demand and are projected to increase in the years ahead.

Should you lease land for energy storage?

These can charge from the grid when there’s an abundance of renewable electricity during peak generation periods and then discharge back onto the grid when there’s a shortfall in supply. By leasing land for an energy storage asset, landowners can secure a long-term, stable income.

What is thermal energy storage?

Thermal energy storage (TES) is a crucial enabling technology for the large-scale deployment of renewable energy, facilitating the decarbonization of thermal end uses, including refrigeration, water heating, and space heating and cooling, and the transition to a decarbonized building stock and energy system by 2050.

How do battery energy storage sites work?

A key technology in managing this gap between generation and demand are Battery Energy Storage Sites (BESS). These can charge from the grid when there’s an abundance of renewable electricity during peak generation periods and then discharge back onto the grid when there’s a shortfall in supply.