Latest news with #BESS-as-a-Service
Yahoo
4 days ago
- Business
- Yahoo
ABB launches BESS-as-a-service business model
This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. 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.' Recommended Reading Electricity consumption is rising, driving solar, storage expansion: EIA
Associated Press
21-05-2025
- Business
- Associated Press
ABB introduces Battery Energy Storage Systems-as-a-Service to simplify renewable energy adoption
ZURICH, SWITZERLAND, May 21, 2025 (GLOBE NEWSWIRE) -- ABB today announced the launch of its new Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service) – a flexible, zero-CapEx solution designed to accelerate the shift to clean, resilient and affordable energy. BESS-as-a-Service is the first in a range of next generation service models being developed by ABB to remove the barriers to clean technology adoption and accelerate industries' transition to net zero. With demand for energy storage expected to surge, ABB's BESS-as-a-Service offers companies a turnkey path to energy independence and sustainability. The International Energy Agency (IEA) projects a sixfold increase in global storage capacity by 20301, with commercial and industrial systems alone expected to surge nearly tenfold to 560 GWh – underscoring the critical role of battery energy storage in enabling cleaner, more resilient power systems2. Requiring no upfront capital investment, BESS-as-a-Service enables companies spanning a wide range of industries – from data centers to transport and logistics to commercial buildings – to benefit from advanced energy storage through a quarterly service fee. The offer includes all hardware, software and lifecycle support, with ABB managing deployment, maintenance and optimization so businesses can focus on their core operations while improving energy efficiency, resilience and long-term sustainability. Designed to be technology-agnostic, BESS-as-a-Service works with any type of battery technology, giving customers the flexibility to take advantage of the latest innovations without being tied to a single system. BESS-as-a-Service is underpinned by performance guarantees, as well as coverage for maintenance costs and energy trading brokerage fees. By managing all aspects of energy market participation, ABB enables customers to effortlessly reap immediate financial benefits from selling excess energy. Stuart Thompson, Division President, at ABB's Electrification Service Division, said: 'In today's volatile energy market, businesses need reliability and cost predictability above all else. 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. By shifting from capital expenditure to a more predictable operational expenditure approach, ABB's BESS-as-a-Service enables businesses to immediately strengthen their energy security, slash peak demand charges, and generate new revenue streams. 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, especially as more industries seek flexible, low-risk pathways to decarbonization.' ABB is currently conducting feasibility assessments with prospective customers to ensure immediate financial benefits before the deployment of BESS-as-a-Service. This evaluation is a prerequisite for installation, ensuring that customers can achieve net financial advances from day one. Feasibility studies to date have centred on the following segments: 'With BESS-as-a-Service, we are redefining the economics of clean energy adoption – delivering the flexibility and financial returns businesses need to decarbonize with confidence. It allows businesses to adopt advanced energy solutions without the financial strain of large capital investment and empowers them to take control of their energy needs, strengthen their resilience and unlock new value from their assets,' Thompson said. To learn more about BESS-as-a-Service, visit ABB Electrification is a global technology leader enabling the efficient and reliable distribution of electricity from source to socket. With more than 50,000 employees across 100 countries, we collaborate with our customers and partners to solve the world's greatest challenges in electrical distribution and energy management. As the energy transition accelerates and electricity demands grow, we are electrifying the world in a safe, smart and sustainable way. At ABB, we are 'Engineered to Outrun', and we are passionate about helping our customers and partners do the same. 1 Batteries and Secure Energy Transition, World Energy Outlook Special Report, International Energy Agency, 2024 2Global Energy Storage Market Outlook Update: Q1 2025, Wood Mackenzie Attachments Media Relations ABB +41 43 317 71 11 [email protected] Investor Relations ABB +41 43 317 71 11 [email protected]
