Morning refreshments and networking

Morning refreshments and networking

Morning refreshments and networking

Session Three: The economics of a battery energy storage system (BESS)

• What are the major components of a BESS and the costs associated with each of these components?
• Quantifying the ongoing costs throughout a BESS’s lifetime that need to be accounted for, e.g., operating expenses, fixed system maintenance, decommissioning, end-of-life services, etc.
• What is the State of Charge (SOC)? What are the difficulties in calculating the SOC?
• Group Exercise : how to calculate the levelised cost of energy (LCOE) of the different battery types and what this value actually means

Learning outcome: to get an understanding of the components and costs of a battery energy storage system (BESS)
 

Session Four: Best practice in battery asset management

• What asset management tools are available for batteries and battery sites? What lessons can be learned from asset management for renewable energy?
• How can you maximise the operational performance of a battery?
• What are the best practices for structuring a site?
• What is meant by battery ageing? What influences the ageing of batteries and how can these effects be minimised?
• Group Exercise : explore best practices for optimising battery performance and lifetime

Learning outcome: to learn how to optimise battery performance

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.