Battery-storage innovators need longer grid-service contracts to match the 5-10 year payback trajectory of their technologies and therefore secure financing, according to a survey by SmartestEnergy. The survey, conducted in partnership with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), found that more than half (53 percent) of battery installers surveyed said they expect grid operators will
Battery-storage innovators need longer grid-service contracts to match the 5-10 year payback trajectory of their technologies and therefore secure financing, according to a survey by SmartestEnergy. The UK's National Grid Enhanced Frequency Response contracts are limited to a maximum of four years.