ABB launches BESS-as-a-service business model
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ABB announced last week that it will now offer a Battery Energy Storage Systems-as-a-service solution that allows companies to deploy battery storage without upfront investment, with ABB managing deployment, maintenance and optimization.
'The offer includes all hardware, software and lifecycle support,' ABB said in a Wednesday release, 'so businesses can focus on their core operations while improving energy efficiency, resilience and long-term sustainability.'
ABB said it will offer BESS-as-a-service in partnership with GridBeyond, using GridBeyond's AI-driven platform to '[optimize] the performance of ABB's BESS-as-a-Service assets [and enable] real-time energy optimisation, demand-side response participation, and access to new revenue streams in global energy markets.'
'In addition, GridBeyond's platform will deliver accurate energy price forecasting to optimise energy storage operations enabling informed decision-making, allowing for strategic charging and discharging that aligns with market dynamics and prolong the life of batteries,' GridBeyond said in a Wednesday release.
ABB said it designed BESS-as-a-service to be 'technology agnostic' and work with any type of battery technology.
The company described the product as supporting a shift from capital expenditures, or upfront investments, to operational expenditures, or day-to-day costs.
'Customers tell us that while they want to deploy the latest technologies to improve energy security and reduce their emissions and costs, they face financial obstacles,' said Stuart Thompson, division president of ABB's Electrification Service Division. 'We see BESS-as-a-Service as not just a new offering but a strategic lever for the division's growth and innovation. We see significant potential to scale this globally.'
GridBeyond said it and ABB will also collaborate with Tallarna, a climate tech and finance platform, which will '[bring] its data analytics software, insurance solutions, and financing expertise to de-risk BESS projects and provide visibility into the financial benefits of these initiatives.'
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