Justifying Battery Storage Investment
Wesley Herche
Decarbonisation Specialist
Building a business case doesn’t have to be hard.
Building a business case doesn’t have to be hard.
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Justifying Battery Storage Investment
1 min 5 secs
Key learning objectives:
Understand how to frame the case for battery storage
Understand what makes an effective champion
Overview:
Whatever the entry point, the investment needs to make financial sense because the business case always comes down to economics. The biggest challenge is often not the technology, but getting the right people in the room. Battery storage sits across operations, finance and sustainability, so it does not fit neatly into a single budget owner’s remit. An effective champion is someone who can cut across organisational silos and build a coalition before the formal decision is made.
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Access this and all of the content on our platform by signing up for a 7-day free trial.
Summary
How should you frame the business case for battery storage?
Whatever the entry point, the investment needs to make financial sense because the business case always comes down to economics. Depending on the context, this could mean:
- Direct savings from time-of-use arbitrage
- The economic value of guaranteed uptime
- Managing the cost of large load growth
Why can battery storage projects be difficult to get approved?
The biggest challenge is often not the technology, but getting the right people in the room. Battery storage sits across operations, finance and sustainability, so it does not fit neatly into a single budget owner’s remit.
What makes an effective battery storage champion?
An effective champion is someone who can cut across organisational silos and build a coalition before the formal decision is made. They need the credibility and relationships to frame the investment in terms that different business units can understand, including cost reduction, resilience and operational flexibility.
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Access this and all of the content on our platform by signing up for a 7-day free trial.
Wesley Herche
Dr. Wesley Herche is an energy and sustainability executive. He spent the first half of his career as an intelligence officer for the US government that had deployed to battlefields to navigate high-stakes uncertainty. He uses many of those same skillsets to help organisations and other practitioners drive competitive advantage through energy and sustainability strategy.
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