What is an energy storage project?

An energy storage project is a cluster of battery banks (or modules) that are connected to the electrical grid. These battery banks are roughly the same size as a shipping container. These are also called Battery Energy Storage Systems (BESS), or grid-scale/utility-scale energy storage or battery storage systems.

Can a storage project charge a utility?

If the storage project is providing storage services to a utility, then the utility and the storage project may enter into a service contract that requires the utility to pay both a capacity payment and an energy charge to keep the battery on call to accept electricity for storage or discharge it back to the utility.

Are energy storage projects a project finance transaction?

In many ways, energy storage projects are no different than a typical project finance transaction. Project finance is an exercise in risk allocation. Financings will not close until all risks have been catalogued and covered. However, there are some unique features to energy storage with which investors and lenders will have to become familiar.

What is a SuperTruck charge project?

SuperTruck Charge projects will accelerate deployment of large-scale public EV charging infrastructure for medium-and heavy-duty EVs to improve grid resiliency and reliability.

Where is Greenlane EV charging station located?

Greenlane will deploy a publicly accessible 10+ MW MHD EV charging station at Greenlane Center in Barstow, California. The site will feature distributed energy resource (DER) systems to help balance the utility load, including solar arrays and energy storage.

What is the community taking charge accelerator?

The Joint Office of Energy and Transportation’s Communities Taking Charge Accelerator invests more than $43 million in projects that fill gaps in public charging infrastructure, such community charging for those without home charging access, e-mobility options for fleets of all sizes, and grid-friendly managed charging.