Energy storage has reached a turning point as a mainstream grid-reliability resource. Energy storage deployments continue to grow, and forecasts show continued rapid expansion of the storage industry. At the same time, the investment case for storage is still difficult due to the risks associated with a limited technology track record and business cases that rely on uncertain revenues. Due to rapidly changing grid dynamics and the long life required of storage assets, energy storage owners should future-proof their investments.
In this white paper, Wärtsilä details the requirements involved in future-proofing energy storage, including approaches to future-proofing energy storage projects in two significant markets: the United Kingdom and California, USA. With changing dynamics in these markets, and others, storage owners will be successful only if they future-proof their energy storage investments.