enSights BESS calculator sizes big batteries to maximize financial returns
In large-scale battery energy storage system (BESS) projects, optimizing discharging and value stack priorities is everything. SaaS tech company enSights is launching a BESS calculator to help developers and asset owners size batteries to maximize financial returns based on energy market and grid support opportunities — and it does these calculations instantaneously.
“While the rapidly growing energy storage market offers a great deal of opportunity, it still faces significant challenges, such as high capital costs, energy price volatility, and variable incentive structures,” stated Alon Mashkovich, Co-Founder and CEO of enSights.
His company’s goal is to replace the standard, labor-intensive BESS system design process. “We developed our storage calculator to not only mitigate these risks for decision makers, but to make BESS design cost-effective so that energy stakeholders can unlock market opportunities, while maximizing battery lifespan.”
The enSights BESS calculator generates financial projections and recommends ideal battery size and operation modes in seconds, to introduce economies of scale to battery deployment. The calculator presents straightforward visualizations of energy and cash flow.
“When customers on our platform confided in us that the complexity of battery optimization severely limited and slowed storage deployment as part of their clean energy portfolios, we decided to develop a solution to help them overcome these challenges,” stated Roy Fadida, Co-Founder and CPO of enSights. “Since beta testing our BESS calculator, these select customers have significantly accelerated their battery deployment to meet growing demand in one of the fastest growing storage markets.”
enSights BESS calculator details
The BESS calculator uses a proprietary model to balance maximizing returns over the asset lifetime with optimizing battery lifespan by accounting for critical battery specs and degradation parameters, such as depth of discharge (DoD), round-trip efficiency (RTE), and charge and discharge cycles.
The battery calculator supports a variety of value stacking opportunities, including increased PV self-consumption and demand charge reduction for energy consumers, energy arbitrage and voltage support for ISO/RTO services, and transmission congestion relief for utility services.
Solar? The storage calculator supports battery deployment with and without PV attachments, and provides precise recommendations on optimal battery sizing and PV capacity to improve the IRR.
Control bonus: When batteries that were designed by the enSights calculator are also deployed on its optimization platform, these energy storage solutions can further benefit from enSights’ AI monitoring and management technology to realize their full value.
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