What are the money-making opportunities for behind-the-meter storage?

Simplistically you can group the money-making opportunities for behind-the-meter storage into four categories, which themselves can be further broken down something like this: Reducing capacity market costs where applicable such as in the Australian WEM or PJM in the US.

Is a behind-the-meter battery investment commercially viable?

For a behind-the-meter battery investment to be commercially viable it will often require more than one value stream to be targeted - there's often just not enough value in a single element - and the projects delivering the best financial returns will be stacking market revenue in addition to reduce energy supply costs.

Can a behind-the-meter battery make money?

In fact batteries are the veritable Swiss army knife of the energy transition and a behind-the-meter battery can make money in a number of different ways, often stacking different pools of value together. Working out when and how to do this though is not trivial and needs careful modelling and planning.

What is NREL's behind-the-meter storage analysis research?

NREL's behind-the-meter storage analysis research focuses on technologies that minimize the costs and grid impacts of electrification for consumers by balancing peak energy demands, integrating EV chargers, and generating electricity on-site. Photo by Werner Slocum, NREL