What is a battery energy storage system?

Battery Energy Storage Systems (BESS) are at the forefront of the global transition towards a more sustainable and resilient energy future. As grid modernisation gains traction, these systems will play an increasingly important role in meeting the ever-growing demand for clean, reliable power.

Will Michigan lead the nation in battery energy storage systems?

Rendering of DTE’s planned Trenton Channel Energy Center with a 220 MW BESS on the site of the former Trenton Channel coal power plant. Michigan is poised to lead the nation in deploying battery energy storage systems (BESS).

Why do we need battery energy storage systems?

Combined with rapid decreases in the costs of battery technology and improving incentives for storage projects (notably the IRA), increasing needs for system flexibility highlight the increasing role of battery energy storage systems, or “BESS” projects, in accomplishing global, national and local clean energy and climate goals.

Who are the experts in battery energy storage system project development?

The webinar featured four industry experts who covered various aspects of battery energy storage system (BESS) project development. They included Pooja Shah, Senior Consultant at DNV; Jocelyn Zuliani, Energy Storage Lead at Hatch; Christopher Yee, Project Manager at Peak Power; and Archie Adams, Director of Business Development at Peak Power.

What is an on-site battery energy storage system?

On-Site Battery Energy Storage System: A Battery Energy Storage System (BESS) that is intended primarily to serve the electricity needs of the applicant property but may, at times, discharge into the electric grid.

Are battery storage projects financially viable?

While the cost of battery storage technology has been decreasing, the initial capital investment for BESS projects can still be substantial. Securing funding and achieving financial viability remains a significant challenge.