What land rights do I need for a storage project?
Land rights: appropriate land rights will need to be secured for the project, the nature of which will depend on the type of storage project proposed and its expected lifetime (for example some pumped-storage projects have an asset life of over 40 years).
Does energy storage need a regulatory framework?
Our review demonstrates that no jurisdiction currently provides a comprehensive regulatory framework for energy storage, with the majority of jurisdictions currently allowing storage to be defined as “generation” for the purposes of licensing and other regulatory requirements.
How do leasehold-type land rights affect a storage project?
For leasehold-type land rights, the rental arrangements may influence the usage of the storage project. Some landlords may also require technology-specific protections to be included in the documentation, for example in relation to contaminated land issues.
How flexible is energy storage?
The flexibility of energy storage is demonstrated by projects being able to provide some or all of the following to the electricity system: Energy storage may be used in a range of project types, including standalone, co-located, and behind-the-meter projects. Standalone energy storage projects are increasingly utility-scale installations.
What is a standalone energy storage project?
Standalone energy storage projects are increasingly utility-scale installations. For example, a battery array can provide a range of services, including ancillary services, to the system operator or network owner. This type of project allows for the deferral of network reinforcement works or islanded networks.
Why is energy storage important?
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