TY - JOUR
T1 - Battery Energy Storage System (BESS) as a service in Finland
T2 - Business model and regulatory challenges
AU - Ramos, Ariana
AU - Tuovinen, Markku
AU - Ala-Juusela, Mia
N1 - Funding Information:
This research is part of the H2020 STORY project funded by the European Commission under grant agreement number 646426-STORY-H2020-LCE-2014–2015/H2020-LCE-2014–3 .
Publisher Copyright:
© 2021
PY - 2021/8
Y1 - 2021/8
N2 - Battery Energy Storage Systems (BESS) can provide services to the final customer using electricity, to a microgrid, and/or to external actors such as the Distribution System Operator (DSO) and Transmission System Operator (TSO). In this paper, BESS as a service business model archetypes are drawn from case studies of 10 BESS as a service projects in Finland. It is found that, in addition to the service being provided by the BESS, the ownership of the system can vary: it can either be owned by the final consumer of electricity or by a third party who will provide the BESS as a service. The findings of the interviews are placed within the Finnish regulatory framework for storage and demand response services. It is concluded that the key enablers for the BESS as a service business model are a regulatory framework that allows stacked revenues and technological interoperability across a multi-customer business model.
AB - Battery Energy Storage Systems (BESS) can provide services to the final customer using electricity, to a microgrid, and/or to external actors such as the Distribution System Operator (DSO) and Transmission System Operator (TSO). In this paper, BESS as a service business model archetypes are drawn from case studies of 10 BESS as a service projects in Finland. It is found that, in addition to the service being provided by the BESS, the ownership of the system can vary: it can either be owned by the final consumer of electricity or by a third party who will provide the BESS as a service. The findings of the interviews are placed within the Finnish regulatory framework for storage and demand response services. It is concluded that the key enablers for the BESS as a service business model are a regulatory framework that allows stacked revenues and technological interoperability across a multi-customer business model.
KW - Battery energy storage system
KW - BESS
KW - storage business model
UR - http://www.scopus.com/inward/record.url?scp=85108241006&partnerID=8YFLogxK
U2 - 10.1016/j.est.2021.102720
DO - 10.1016/j.est.2021.102720
M3 - Article
AN - SCOPUS:85108241006
SN - 2352-152X
VL - 40
JO - Journal of Energy Storage
JF - Journal of Energy Storage
M1 - 102720
ER -
