How long is a commercial energy storage contract usually

How long does a business energy contract last?

Business energy contracts are usually longer – Although fixed and variable rate tariffs are available, all commercial energy contracts are taken out for an agreed term, which can be anything up to five years.

What is an energy storage tolling agreement?

Under an energy storage tolling agreement, the developer of the energy storage system is responsible for obtaining site control, permits, interconnection rights, equipment, and construction contracts, as well as achieving agreed-upon milestones such as a target commercial operation date and a guaranteed commercial operation date.

What is long duration energy storage?

Long Duration Energy Storage refers to the storage of energy in a system that can discharge electricity over time for a duration greater than 8 hours. It is a focus for storing renewable energy resources. (e.g., using sustainable feedstocks, power-to-liquids); 3

Do energy storage tolling agreements restrict a developer's use of a battery?

As the energy stored in the battery belongs to the buyer, energy storage tolling agreements will often prohibit or restrict the developer’s use of the storage system for station service. The inclusion of this condition requires that the developer enters into a retail service contract for the system’s non-storage load.

What is an example of a round-trip energy storage tolling agreement?

For example, “round-trip efficiency” is analogous to “heat rate”, and “availability” generally pertains to the same function under both types of agreement. In an energy storage tolling agreement, there are a number of potential payments and measures of performance. Some of these variables include: