How did Bess perform in Q2 & 3?

However German BESS assets have seen a sharp revenue stack recovery across Q2-Q3, with revenues back above 150€/kW/yr levels in Q3. This recovery has been supported by strong intraday market volatility and real-time aFRR energy prices.

What is the Bess market segment?

Utility-owned systems represent the largest market segment in the BESS industry, with utilities investing heavily to enhance grid reliability and manage peak loads. Despite the high initial costs, the declining prices of lithium-ion batteries and ongoing technological advancements are expected to propel market growth.

How big will the BES market be in 2022?

in BESS in 2022,according to our analysis—almost a threefold increase from the previous year. We expect the global BES market to reach between $120 billion and $150 billion by 2030, more than double its size tod

What is Bess & how does it work?

BESS enables the storage of excess variable energy generation, enhancing the grid’s capacity and reliability. BESS are able to store excess energy produced in periods of low demand, which can be discharged into the grid during periods of high demand. BESS operators can therefore receive financial returns for meeting surging energy needs.

Why did Bess return decline in Q1 2023 & 2024?

Power crisis – power market tightness given e.g. major French nuclear outages. All markets then suffered declining BESS returns across Q1 2023 – Q1 2024 due to: Adverse winter weather conditions – e.g. mild temperatures, unhelpful wind conditions.

How is Bess revenue recovery evolving in 2024?

A recovery in BESS revenues has been underway since Feb 2024, as gas prices have recovered & weather conditions normalised. Rising price volatility (& negative prices) from increasing RES penetration have also been an important factor supporting revenue recovery. Let’s look at how the 2024 revenue recovery is evolving across each of the 3 markets.