Oil & Gas Q3 2023 Insights
Developing battery electricity storage systems (BESS) is crucial to secure the energy transition by bringing flexibility and stability to electricity grids. It also drives innovation and new applications in several sectors which are set to adapt their industrial activities.
As renewable energies are booming, the global demand in BESS has accelerated. Electricity storage has become a major and strategic issue to secure continuous distribution of energy to consumers. Batteries offer a solution to offset the fluctuations of renewable energy sources, therefore enhancing grid flexibility and stability, and contributing to a more resilient and sustainable energy mix.
Stationary batteries have applications beyond the electrical network. They can be utilized in residential, commercial, and industrial settings, enabling local energy storage, and promoting energy independence. There is still room for innovation, in terms of durability, cost, efficiency… Innovation paves the way for new applications and further progress in all sectors.
Stationary batteries offer a wide variety of use cases that meet the diverse needs of various industrial and residential sectors:
BESS use cases will be addressed by various stakeholders across the value chain:
Different market dynamics are at play: they reflect a growing interest from several countries in the stationary battery sector.
Several countries have already set ambitious targets for BESS installations in the next decade as depicted in the following table:
We help our energy, resources & utilities clients respond to opportunities by offering a comprehensive range of services spanning the entire BESS lifecycle; from sourcing to design and implementation.
Analysis and evaluation of major market trends and opportunities
Definition of strategic and R&D roadmaps and prioritization of actions
Support for investment operations
Implementation of a regulatory watch by country
Identification of flexibility needs in a given territory
State of play of stakeholders and benchmark of competing commercial offers
Construction of offers: definition of targets, content, costing
Support for the evolution of the company's image, with our digital agency
Support for the porting of the offer
Development of bots and AI - based applications, via our dedicated platform
Upstream scoping of projects
Identification of the actions to be carried out with a view to interconnection to the electricity network
Search for funding and partners
End-to-end project management
Curious to find out more about the opportunities around BESS and how Sia Partners can help you?