Battery Energy Storage System (BESS) as a service in Finland: Business model and regulatory challenges
Publication typeJournal article with impact factor
JournalJournal of Energy Storage
MetadataShow full item record
AbstractBattery 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.
Knowledge Domain/IndustrySpecial Industries : Energy