Insights
A Perfect Fit: Energy storage at thermal peakers
During periods of high electricity demand, peaker power plants provide the grid with the additional energy capacity required. However, peaker plants are expensive to operate, inherently inefficient, and have a higher criteria-pollutant-emissions rate.
Co-locating battery energy storage systems (BESS) along with existing peaker plants offers accelerated development timelines, reduced development risks, and reduced capital/operational costs. And importantly, through tax equity investment processes, peaker plant owners may also be able to leverage substantial Investment Tax Credits and depreciation benefits that are available for new BESS projects. Seizing upon these opportunities can unlock powerful value for long-term success.
To learn more about how your facility can benefit, read this detailed article about BESS and peaker plants working together by William Lauwers, our Head of Technology, Battery Energy Storage, and contact him for more information and guidance.