What services does a Bess OEM offer?

Residential BESS OEMs can also offer value-added services such as energy trading, analytics on battery energy usage and charging, and energy optimization. These services can offer homeowners increased freedom of PV and BESS utilization as well as energy tariff avoidance during peak demand periods.

What are the three main revenue sources for Bess in Europe?

The three most important revenue sources for BESS in Europe are wholesale energy market arbitrage, ancillary services and long term capacity provision.

What is a Bess system & how does it work?

Installed on the site of a renewable energy plant, BESS can store surplus energy during periods of high generation and release it when demand peaks or during periods of low renewable energy production or even when available capacity in the grid exists.

How are European Bess OEMs putting cost pressure on Europe?

These international players are placing cost pressure on European BESS OEMs by driving down prices. In early 2024, the price of residential BESS offered to end consumers in Europe ranged widely, from €400 to more than €1,200 per kilowatt-hour (kWh) (Exhibit 2).

Why has the supply of residential Bess increased in 2024?

At the same time, the supply of residential BESS has increased because of the appearance of Asian players on the large and comparatively attractive European market; our research shows that European residential BESS installation represents 71 percent of global installations in 2024.

How does energy infrastructure affect a Bess project?

Another crucial factor of the energy infrastructure is the electricity grids. Grids can affect the business potential of a BESS project in several ways. For new BESS projects, grid congestion indicates a need for flexibility within the system but also poses a risk of delays and/or smaller grid connection capacity.