Battery storage performance gaps pose risks to investors
Grid-scale battery energy storage systems (BESS) are now ubiquitous across sectors. Numerous large industrial and commercial enterprises want batteries to support their business continuity and scale-up while capturing extra revenue streams.
For lenders and investors, this flexible energy capacity opens up a wide range of opportunities. For engineers, wide-spread adoption presents new challenges: careful connection to existing grids, adapting to a new technology, time-sensitive troubleshooting, and performance optimisation to meet contractual expectations.
But like wind and solar before it, BESS’s maturation as a bankable asset class means that it must now meet a higher standard of proof than looking strong in a contract, warranty conditions, or commissioning test. Risk needs to be priced in accordance with operational reality.
Read the full article in The Engineer.
ACCURE helps companies reduce risk, improve performance, and maximize the business value of battery energy storage. Our predictive analytics solution simplifies the complexity of battery data to make batteries safer, more reliable, and more sustainable. By combining cutting-edge artificial intelligence with deep expert knowledge of batteries, we bring a new level of clarity to energy storage. Today, we support customers worldwide, helping optimize the performance and safety of their battery systems.
ACCURE Battery Intelligence pairs an award-winning battery analytics platform with hands-on performance engineering for grid-scale battery storage. The platform combines artificial intelligence with physics-based battery models to give owners and operators an independent, cell-level view of their assets, and ACCURE's performance engineers work alongside clients to act on it: capturing the revenue their assets were built to deliver, lowering operating costs and mitigating risk. Founded by battery researchers from RWTH Aachen University, ACCURE is the assurance and outperformance layer for grid-scale BESS, supporting more than 24 GWh of capacity worldwide. We work with battery owners and operators, and the insurers and financial institutions that back them, across Asia-Pacific, Europe, Latin America and North America.
