There are two movements that I am seeing in BESS asset management trends over the past three years.
First, while everyone in the industry desires safe and high-performing battery systems, performance is now driving the conversation. Safety is incredibly important, but risk has been mitigated in many ways due to advances in manufacturing, the development of standards such as UL 9540, UL 9540A, and NFPA 855, and more complete hazard mitigation assessments or HMAs. Performance now drives the conversation as BESS revenue has been tighter in the past few years in many markets.
Secondly, there have been so many creative uses of data, and energy storage systems generate a tremendous amount of data. There are now software tools for so many functions, from revenue optimisation and spotting imbalances to warranty tracking and so much more.
What is your current approach to maximising returns from BESS assets, and what key performance indicators drive your operational decisions?
Emerson’s Power and Water business does not own or operate energy storage systems. However, Emerson supports customers in maximising returns by tying energy storage together with other project-site assets, hitting P (active power) and Q (reactive power) setpoints, and especially, by adjusting for imbalance.
