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Performance compliance credit is also available for all building types. To qualify, the battery energy storage system shall be certified to the Energy Commission according to Joint Appendix JA12. Please visit the Solar Equipment List webpage for certification instructions, as well as the list of currently certified systems.
UL 1973: Batteries for Use in Stationary and Motive Auxiliary Power Applications. Safety standard for modules and battery systems used in stationary energy storage systems. UL 9540, Energy Storage Systems and Equipment. Safety standard for energy storage systems used with renewable energy sources such as solar and wind.
The regulatory and compliance landscape for battery energy storage is complex and varies significantly across jurisdictions, types of systems and the applications they are used in. Technological innovation, as well as new challenges with interoperability and system-level integration, can also amplify risks.
Building codes: Battery energy storage systems (BESS) must comply with local building codes and fire safety regulations, which can vary across different geographies and municipalities. These codes are governed by the National Fire Protection Association (NFPA) in the U.S. and the performance-based European Standards (EN) in the European Union.
Utility-scale storage is usually financed as an add-on to a project that includes other assets. This can have implications for regulatory and environmental permitting requirements.
Service contracts between energy storage projects and utilities may allow the utility the option to require the storage project to be available to accept electricity 24 hours a day, seven days a week.
In many ways, energy storage projects are no different than a typical project finance transaction. Project finance is an exercise in risk allocation. Financings will not close until all risks have been catalogued and covered. However, there are some unique features to energy storage with which investors and lenders will have to become familiar.
If the storage project is providing storage services to a utility, then the utility and the storage project may enter into a service contract that requires the utility to pay both a capacity payment and an energy charge to keep the battery on call to accept electricity for storage or discharge it back to the utility.
These benchmarks help measure progress toward goals for reducing solar electricity costs and guide SETO research and development programs. Read more to find out how these cost benchmarks are modeled and download the data and cost modeling program below.
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