Do energy storage projects need a lot of land?

Lower land use requirements: energy storage projects are typically concentrated blocks of batteries or other storage devices, which can require a fraction of the land use of other renewable resources for a comparable nameplate generating capacity.

Why is energy storage important?

Energy storage serves important grid functions, including time-shifting energy across hours, days, weeks, or months; regulating grid frequency; and ensuring flexibility to balance supply and demand.

What is energy storage?

Energy storage encompasses an array of technologies that enable energy produced at one time, such as during daylight or windy hours, to be stored for later use. LPO can finance commercially ready projects across storage technologies, including flywheels, mechanical technologies, electrochemical technologies, thermal storage, and chemical storage.

How much tax credits are available for energy storage projects?

Over $250 million of tax credits associated with hundreds of MW of energy storage capacity are currently listed on Crux. These projects are part of a fast growing segment of the energy complex and constitute critical investments in grid resiliency and electric resource diversity.

What percentage of solar projects are paired with energy storage?

Currently, 80% of solar projects operational* are paired with energy storage in the United States, and the scale of the batteries serving today’s US power grid is projected to increase.

Why do energy storage systems need security measures?

Given the scale of energy storage systems and the value of the equipment involved, security is another top concern for BESS installations. These systems are often located in remote or semi-isolated areas, making them vulnerable to theft, vandalism, or sabotage. Therefore, implementing strong physical security measures is essential.