When it comes to the financial aspects of BESS (battery energy storage systems), solar and energy storage experts are irreplaceable. These systems can provide huge monetary gains to companies, but they have a lot of moving parts, any of which can make a system a financial failure when it isn’t optimized.

BESS financial consultancy helps enterprises model and monitor energy storage systems by analyzing real-world costs and performance.

The Financial Aspect of Energy

Many large investments are advanced or rejected based on a single factor: uncertainty. Companies want to know where their money is going and exactly how they’ll get it back. 

For enterprises looking to establish energy systems, the greater the uncertainty, the more challenging it is to find investors. BESS consulting services for large businesses can help.

These storage systems carry with them a high level of financial complexity, in part because the system inherently changes over time. Savings aren’t constant because the system isn’t static. 

Charges, discharges, seasonal changes, grid events, and mechanical degradation all impact the financial outcomes of an energy storage system. Consultants can help enterprises track these changes and use their expertise to more accurately predict their ebb and flow over time.

The Importance of Modeling

When it comes to financial consultation, accurate modeling is a cornerstone. True experts of the field use powerful tools like the ETB Developer from Energy Toolbase to simulate numerous inputs, such as:

  • Hourly or sub-hourly load profiles
  • Utility rate structures
  • Demand charges
  • Time-of-use pricing
  • Incentive stacking
  • Battery degradation
  • Lifecycle costs

 

Enterprises rarely have the bandwidth or skill to analyze this level of detail. Each additional input lets experts assess the minutiae of new systems over a long period of time. This allows businesses to show up to investors and shareholders with transparent, detailed predictions. 

Not only does this help projects get green lit, but it also helps prevent investments going sour when outcomes don’t live up to inaccurate predictions. The goal is to reduce uncertainty, and accurate modeling is one of the keys.

Planning for the Best

Financial consultants help model an accurate system, but the best consultants understand the strategy behind it. EMS controllers determine how batteries operate, so they help shape their financial outcomes. 

The strongest controllers are dynamic and respond to continuously evaluated inputs. Most simplistically, by charging during low-cost periods and discharging during peak demand, these systems maximize savings. 

Quality financial consultations, like ETB Consulting with Energy Toolbase, integrate EMS controllers (such as ETB Controller) into their models. This helps ensure modeled outcomes are based in reality, and predicted outcomes aren’t just theoretical.

Monitoring Throughout

Financial consultancy can be fruitful at any stage in the lifecycle of an energy storage system. At the beginning, it can help accurately predict savings. Later, they can tell enterprises if those predictions are being realized.

Advanced monitoring should provide:

  • Real-time tracking of performance, cost, and savings
  • Alerts of anomalies and deviations
  • Comparison of predicted versus actual outcomes
  • Recorded data that can be used to refine systems

 

ETB’s  monitoring is important for financial insights because it reveals the inner workings of the system. It’s also important because it aids in early detection. Even minor system degradations can become costly fast, and quality monitoring prevents that.

What to Expect from BESS Financial Consultants

 Enterprises looking for financial assessment of their storage systems should look for a few baselines when deciding who to hire. These basic services should include:

Detailed Modeling

Consultants should provide models that look at nuanced aspects of the operation and integrate it with tariff and incentive factors. These models should also account for the future.

Integrated Control

Consultants should design their predictions planning for EMS controller behavior.

Ongoing Assessment

Consultants should be able to monitor systems to track savings over time. This assessment should include fault detection.

Scalability

Consultants should be able to provide insights into multiple systems at various scales.

Accuracy for Financial Certainty

BESS financial consultancy, like all consultancy, can’t predict the future. The best experts though, like those at Energy Toolbase, give enterprises detailed insights into every aspect of the system and take away as much guesswork as possible. 

We offer BESS project risk assessment consultancy alongside helping enterprises get systems modeled, sold, and implemented. Reach out today to see how we can optimize your storage system and maximize your savings!