Technology firm ABB has launched a Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service) that manages companies energy storage systems and power supply for a subscription fee.
The service is aimed at all industries from data centres to commercial buildings.
ABB is conducting feasibility assessments with prospective customers to ensure immediate financial benefits before the wider deployment of the service. This evaluation is a prerequisite for installation to ensure customers can achieve immediate net financial advances, say ABB.
The service works by managing a firm’s power – such as delivering grid-scale services – for a quarterly fee.
Those services include power smoothing to ensure uninterruptible power supply, as well as energy arbitrage and peak shifting services to deliver cost savings and open revenue streams.
The service works with any battery technology and includes all hardware, software and lifecycle support in the quarterly fee.
ABB will manage deployment, maintenance and optimisation. It will also manage all aspects of energy market participation to allow customers to make immediate financial benefits from selling excess energy.
ABB formed strategic partnerships with two firms to deliver the BESS-as-a-Service offering during May.
Smart energy company GridBeyond and ABB are working to bring the service to commercial and industrial (C&I) customers. GridBeyond will supply its AI-driven platform to optimise the service, including enabling real-time energy optimisation, demand-side response participation, and energy-price forecasting.
The partnership follows ABB’s strategic investment in GridBeyond in April 2024.
Tallarna, a climate tech and finance platform, will provide data analytics software, insurance solutions, and financing expertise to ensure performance guarantees and de-risk the financial outcomes of BESS projects.
