How do energy storage power stations make money? | NenPower
Energy storage power stations generate income through multiple revenue streams, including: 1) participation in ancillary services markets, 2) energy arbitrage opportunities, and
While energy storage is already being deployed to support grids across major power markets, new McKinsey analysis suggests investors often underestimate the value of energy storage in their business cases.
According to BloombergNEF (BNEF), more than $262 billion of investment will be needed for stationary energy storage by 2030. BNEF's 2021 Global Energy Storage Outlook projects significant growth in this sector, with Yayoi Sekine, the firm's head of decentralized energy, stating that 'this is the energy storage decade'.
Ancillary services that stabilize the power grid typically represent 50 to 80 percent of the full storage revenue stack of energy storage assets deployed today. This is observed across multiple mature storage markets but is expected to decrease to less than 40 percent by 2030.
The revenue potential of energy storage is often undervalued. Investors could adjust their evaluation approach to get a true estimate—improving profitability and supporting sustainability goals.
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