Managing Risk in the Evolving BESS Landscape

Synopsis

As the energy storage sector continues to grow, managing risk in Battery Energy Storage Systems (BESS) has become increasingly complex, requiring a holistic approach across commercial, operational, and lifecycle considerations. This session will explore strategies to optimise reliability, scalability, and economic viability while addressing evolving market demands.

Key discussion points will include the roles of warranty structures and performance guarantees in addressing degradation and long-term reliability, as well as scaling operations to support larger portfolios and diverse fleets. Potential economically viable pathways for battery recycling and circular economy initiatives. Discussing how contracting and delivery methods influence project risk, the importance of advanced monitoring solutions to minimise performance risks over time, and the value of regular testing to ensure performance aligns with guarantees. Workforce development and the shortage of trained specialists will also be addressed, along with proactive risk management strategies across the lifecycle of BESS projects.