Battery Energy Storage System, Spain
Project development activities.
- Mandated by a Swiss utility to assess the bankability of a Battery Energy Storage System (BESS) under development in Spain.
- Market review and revenue conditions for BESS: Energy, Balancing services, Secondary reserve, Capacity.
- Comparison with key European markets, review on EU directives.
- Perform business model review, total project costs and optimal project sizing.
Advisory services provided
- Developed a business model and reviewed key market drivers for a battery energy storage asset under development by local project developer.
- Performed detailed financial projections, identifing merchant revenues and financing parameters.