The Next 3 Years. With the IRA as tailwind, a grid lacking resilience and capital looking for yield the forecasts for energy storage growth is going through the roof. BNEF’s revised outlook now has the US adding 115GWh of energy storage over the next 3 years. That means nearly 100billion in capital deployed for energy storage projects, many of which are merchant or attached to solar projects. That capital is going to figure out quickly what a bankable energy storage project looks like and how to operate one. Unlike solar, where the entire deal is made upfront, producing energy against a PPA; energy storage has to be managed financially, traded and real-time decisions have to made about whether to monetize now or later. It also means that you’re solving for uptime on those 115GWh. So here’s the question to you, how many cycles do you think that asset base will perform per year?
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- PV-Tech: ‘The IRA is a tremendous accelerant to solar growth’ – Brookfield Renewable builds US PV portfolio
Opinion
Best, Yann