Innovative business models are emerging as the demand for energy storage systems is increasing. According to Avanthika Satheesh Pallickadavil, a Frost & Sullivan Energy & Environment Industry Analyst, there is a growing need for investments in information technology platforms like smart meters and control devices that will support the operation of energy storage system models.
Although the consumer segment for energy storage systems is the most rapidly growing market segment, it still comes with high expenses. In addition, the implementation of the energy storage system models is highly dependent on the condition of the electricity grid, whether it is inefficient and old or upgraded and able to support the deployment of renewable sources. Business models that promote different revenue streams for current ESS assets, and ease the CAPEX strain will attract more consumers and will be better positioned in the market.
Read the original article – explore eight business models across grid scale, residential, and community-level ESS segments…
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