This energy storage container not only contains storage units, but also includes electronic devices such as battery control, power management, and monitoring systems.
Energy storage procurement contracts must also take into account the ever-evolving suite of laws and regulations applicable to energy storage projects, including as a result of the recent change in administration in the United States.
In the context of energy storage, “augmentation” refers to the process of adding storage capacity to a project over time and is typically seen in the context of battery energy storage projects.
These contracts allocate the risks of project development, construction, and performance between the parties and include the price that will be paid by the utility for the resource or the energy storage services that are to be provided.
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