Expected ROI of portable ESS system project in New Zealand 2030

What is ESS Energy Storage?

ESS systems provide resilient, sustainable energy storage well-suited for multiple use cases including utility-scale renewable energy installations, remote solar + storage microgrids, grid load-shifting and peak shaving, and other ancillary grid services. ESS technology is safe, non-toxic and has a 25-year lifespan without capacity fade.

How many energy warehouse systems will ESI supply in 2022 & 2023?

Under the terms of the agreement, ESS will initially supply 70 complete 75kW / 500kWh Energy Warehouse (EW) systems to ESI in 2022 and 2023. Concurrently, ESI will construct a manufacturing facility in Queensland, Australia, equipped to conduct final assembly of ESS systems from 2024 onward.

How does energy storage affect Roi?

The cost of electricity, including peak and off-peak rates, significantly impacts the ROI. Energy storage systems can store cheaper off-peak energy for use during expensive peak periods. Subsidies, tax credits, and rebates offered by governments can enhance the financial attractiveness of ESS installations.

Will Bess become a cog in New Zealand's energy landscape?

We expect that BESS will also become an increasingly important cog in New Zealand’s broader energy landscape and that we will see utility-scale solar projects incorporating batteries as a means of providing dispatchable generation during peak demand and enhancing grid stability.

Is ESS Technology safe?

ESS technology is safe, non-toxic and has a 25-year lifespan without capacity fade. Demand for long-duration energy storage systems is expected to grow rapidly in Australia; New South Wales announced the procurement of 2 GW of LDES in its recent Electricity Infrastructure Roadmap.

What factors influence the ROI of a battery energy storage system?

Several key factors influence the ROI of a BESS. In order to assess the ROI of a battery energy storage system, we need to understand that there are two types of factors to keep in mind: internal factors that we can influence within the organization/business, and external factors that are beyond our control.