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OTHER NEWS 16 Oct 2017

Pöyry Conducts Energy Storage Investment Workshop during Asia Power Week

Pöyry, together with AWR Lloyd and Vector Energy Advisory, recently conducted the highly-interactive Energy Storage Investment Analysis 101 Workshop at the Bangkok International Trade and Exhibition Center, Thailand. Held in conjunction with Asia Power Week 2017, the largest annual power conference in the region, the workshop was uniquely designed for power sector professionals – ranging from those recently entering the sector, to seasoned professionals seeking more experience with energy storage – to gain a practical understanding of commercial and investment analysis in relation to battery-based energy storage applications in select Asian markets.

A skills session served as the workshop’s centerpiece, wherein the participants were given an investment case, a pre-loaded financial model, and supporting materials, which allowed them to analyse the cases and make investment recommendations after.

The battery energy storage investment cases that were analysed were ‘behind-the-meter’ energy bill management and utility-scale solar+storage, where an energy storage system is added to a solar PV power plant in order to enable “firming” of the PV power plant’s output.

The cases were based on hourly profiles of electricity generation and demand respectively, and explored the potential for deploying battery storage as a feasible investment opportunity. Participants had to consider a variety of aspects affecting the projects’ feasibility such as storage system size, battery lifetime, expected reduction of battery costs, and battery vendor track records, and whether the projects’ calculated financial returns were sufficient, given the financial requirements of their hypothetical companies.

“Around the world, energy storage is such a hot topic – but most discussion is simplified, and is limited to general statements about high-level benefits and attributes. This workshop was a great opportunity for participants to get an inside view into how to evaluate the economics of realistic energy storage projects, by allowing them to see the various tradeoffs that appear only when investigating such projects at a detailed level. We look forward to continuing to share Pöyry’s insights via other similar workshops, and invite anyone to contact us to discuss the feasibility of energy storage projects,” said Matthew Heling, Head of Energy Consulting, Asia Pacific.