Is it necessary for companies to undertake energy storage projects

Why do energy storage projects need project financing?

The rapid growth in the energy storage market is similarly driving demand for project financing. The general principles of project finance that apply to the financing of solar and wind projects also apply to energy storage projects.

Who should consider adding energy storage to a commercial building?

This guide is intended for anyone investigating the addition of energy storage to a single or multiple commercial buildings. This could include building energy managers, facility managers, and property managers in a variety of sectors.

Are energy storage systems safe for commercial buildings?

For all of the technologies listed, as long as appropriate high voltage safety procedures are followed, energy storage systems can be a safe source of power in commercial buildings. For more information on specific technologies, please see the DOE/EPRI Electricity Storage Handbook available at:

Who should oversee energy storage projects?

A qualified professional engineer or firm should always be contracted to oversee any energy storage project. This report was prepared as an account of work sponsored by an agency of the United States Government.

Why is energy storage important?

Energy storage serves important grid functions, including time-shifting energy across hours, days, weeks, or months; regulating grid frequency; and ensuring flexibility to balance supply and demand.

What technology risks are associated with energy storage systems?

Technology Risks Lithium-ion batteries remain the most widespread technology used in energy storage systems, but energy storage systems also use hydrogen, compressed air, and other battery technologies. Project finance lenders view all of these newer technologies as having increased risk due to a lack of historical data.