Why should energy storage assets be used?

With proper initial analysis and design, supported by the use of a robust operational software package, energy storage assets can better optimise the value of generation assets, decrease customer energy or system costs, and defer or cancel the need for new infrastructure investments.

Should energy storage assets be included in the IPP project structure?

Within the IPP project structure, the incorporation of energy storage assets has the effect of increasing the development costs at the outset and (ideally) generating additional returns over the long term.

How does energy storage affect project economics?

From the perspective of energy storage, project economics may be significantly impacted by the integration of ESS into the project. ESS benefits the project by extending the generation capacity of the mini-grid and contributes to the stability and optimisation of an isolated system.

What are energy storage specific project requirements?

Project Specific Requirements: Elements for developing energy storage specific project requirements include ownership of the storage asset, energy storage system (ESS) performance, communication and control system requirements, site requirements and availability, local constraints, and safety requirements.

What are energy storage systems used for?

Today, energy storage systems are primarily used in the Off-Grid Segment for time-shifting. By storing energy generated by variable renewables, these energy storage systems can enable off-grid systems such as mini-grids and home solar systems to achieve close to 100% availability.

What is energy storage?

Energy storage encompasses an array of technologies that enable energy produced at one time, such as during daylight or windy hours, to be stored for later use. LPO can finance commercially ready projects across storage technologies, including flywheels, mechanical technologies, electrochemical technologies, thermal storage, and chemical storage.