Energy storage product sales and leasing

Does Corvus Energy lease energy storage systems?

Photo caption: Corvus Energy is now offering a global lease financing product in cooperation with Viridis Kapital to lease Energy Storage Systems (ESS) for both newbuilds and retrofits. Photo caption: Halvard Hauso, CCO of Corvus Energy believes new business models will help accelerate the shipping industry’s shift to green energy.

What is a battery energy storage project?

A battery energy storage project is a system that serves a variety of purposes for utilities and other consumers of electricity, including backup power, frequency regulation, and balancing electricity supply with demand.

Can energy storage projects sell ancillary services?

In many regions, energy storage projects may be able to sell “ancillary services” in addition to energy or capacity either to transmission owners or to regional grid operators. For example, Swinerton’s Mira Loma, California, energy storage project.

Is leasing a new business model for ESS?

“We are pleased to offer our customers a leasing solution tailor-made to fit the operating cashflow of their business,” says Halvard Hauso, CCO of Corvus Energy. “In almost all vessel segments, leasing can be a new business model for both containerized ESS solutions as well as ESSs in dedicated battery rooms,” Hauso continues.

What is the 'value stack' in energy storage?

Owners of batteries, including storage facilities that are co-located with solar or wind projects, derive revenue under multiple contracts and generate multiple layers of revenue or 'value stack.' Developers then seek financing based on anticipated cash flows from all or a portion of the components of this value stack.