EIP Launches New Energy Storage Practice to Assist Clients to Meet Demands of Emerging Market
The increasing value of grid-scale energy storage stems from three major trends: the growing adoption of renewable resources (wind, solar, etc.), the shift in how electricity is delivered and consumed, and significant price declines of energy storage solutions. Additionally, power providers and system operators are leveraging energy storage capabilities to improve reliability and to delay or avoid costly upgrades their systems. To capitalize on these new opportunities for energy storage solutions, technical, business, and regulatory risks must be navigated carefully. Accordingly, EIP serves as a valuable resource for clients developing energy storage solutions and groups wanting to leverage energy storage advances to enhance their own offerings.
EIP’s Energy Storage Practice helps clients evaluate and pursue opportunities for behind-the-meter and in-front-of-the-meter applications. With a vast understanding of the energy storage field, EIP offers its clients the following capabilities:
- Opportunity education sessions
- Market assessment and analysis
- Business case development
- Go-to-market strategy development
- Technology assessment
- Solar/wind + storage opportunity analysis
- Policy support
- Project development support
- Project financial modeling
- Operational advisory work and support
- Utility tariff structure advising
In a young and growing industry, EIP provides clients with over 30 years of collective experience in energy storage, having worked with all types of battery and non-battery technologies. This experience includes technical, market, and business know-how gained through years of founding, developing, operating, and investing in energy storage companies and assets. EIP has worked with some of the largest players in the utility field, as well as some of the most innovative emerging technology companies bringing both front-of-the-meter and behind-the-meter applications to market.