Energy storage applications and business models

Are energy storage business models the future?

The lessons from twelve case studies on energy storage business models give a glimpse of the future and show what players can do today. The advent of new energy storage business models will affect all players in the energy value chain. In this publication we offer some recommendations.

What are the business models for large energy storage systems?

The business models for large energy storage systems like PHS and CAES are changing. Their role is tradition-ally to support the energy system, where large amounts of baseload capacity cannot deliver enough flexibility to respond to changes in demand during the day.

How will new energy storage business models affect the energy value chain?

The advent of new energy storage business models will affect all players in the energy value chain. In this publication we offer some recommendations. The new business models in energy storage may not have crystallized yet. But the first outlines are becoming clear. Now is the time to experiment, gain experience and build partnerships.

Are energy storage projects ready for a bright future?

In anticipation of a bright future, the first projects with energy storage are being set up. We have analyzed some of these cases and clustered them according to their po-sition in the energy value chain and the type of revenues associated with the business model.

Why is energy storage important?

With energy storage becoming an important element in the energy system, each player in this field needs to prepare now and experiment and develop new business models in storage. They need to understand the key success factors of future market leaders and reinforce those in the next five years to contribute value to storage and the overall system.

Is energy storage a new business opportunity?

With the rise of intermittent renewables, energy storage is needed to maintain balance between demand and supply. With a changing role for storage in the ener-gy system, new business opportunities for energy stor-age will arise and players are preparing to seize these new business opportunities.