Last week’s Energy Storage Summit 2019 saw the great and the good of Europe’s energy storage sector gather at London’s Victoria Plaza for two days of discussion, debate and networking.
The Energy Storage News, Solar Power Portal and Current± editorial teams were present throughout the event, highlighting give key themes that emerged at a crucial time for the storage sector.
Deepening discussions and openness of plans and strategies
One big sign of maturity was the elevated level of discussions, now that the show has reached its fourth year. Topics previously off-limits due to commercial sensitivity or just a lack of experience from the field, were explored in depth.
Developers Zenobe Energy and Anesco, aggregator Kiwi Power and technology provider Belectric discussed the “Revised front-of-meter business model” with openness. For instance, Kiwi Power business development head Quentin Scrimshire said that the wholesale market might not offer as much opportunity in the UK as in other markets.
Anesco’s commercial operations director Lily Cole even gave a rough breakdown of the elements that comprise project costs: revenue streams, Capex, Opex and the cost of capital.
“An O&M for a battery is about £4,500 per megawatt. Then on top of that you have business rates, which is £5,500 per megawatt – but then you get a 0.48 factor against that, so it’s about £2,300 per megawatt. Then you’ve got insurance on that; whether you want to insure against revenue streams, in our case, about £700 to £1,000. Then you’ve got rent,” Cole said, explaining that that currently stands at about £1,000 per megawatt.
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