As natural disasters and grid-impacting events grow increasingly common, businesses are turning to new energy solutions. One of the most popular choices is mobile battery energy storage systems (BESS). These versatile and efficient systems are a smart investment for many industries.
If you’re contemplating mobile BESS for your organization, consider its economic viability and some potential business models to help strategize your investment.
Analyzing the Economic Value of Mobile BESS
The global mobile energy storage system market was valued at 44.86 billion last year and it’s projected to increase rapidly, according to Fortune Business Insights.
By reducing dependence on the grid, mobile BESS enhances power reliability. You’ll never have to worry about being fully offline and unable to operate. When power outages occur, even minutes of downtime can quickly become costly. Mobile BESS offers dependable energy when you need it most, so you never need to worry about a lapse.
It also can decrease operational costs when energy is in high demand. During surges, electric bills can soar. Mobile BESS provides an alternative solution for high-demand situations.
Understanding Possible Business Models
You can leverage your investment in mobile BESS technology in a few ways. Purchasing the equipment outright means you have full control over deployment timelines, availability, and usage. One-time payments can also be easier on budgets that vary from year to year.
If you want to reduce upfront costs, consider renting mobile BESS equipment. This provides more flexibility if you’re unsure about whether these systems are the right solution for your needs, or if you are unable to commit to the full cost. However, rentals subject you to constrained timelines and policies.
Maximizing Your Investment in Mobile BESS
Maximize your initial investment in mobile BESS by following strategies for optimized adoption. The most critical step is to have a strong deployment plan. You should know exactly when, where, and how you will implement mobile BESS. Consider everything from storage, to operator responsibilities, to maintenance routines. Without a plan, you could miss out on cost-saving opportunities.
Need more guidance?
If this is your first visit to Power Up Connect’s blog, be sure to take a look around. We regularly post resources on mobile BESS, including helpful topics like renewable energy integrations and grid stability.
You can also reach out to the team at Power Up Connect, industry leaders since 2008. We’re dedicated to quality service and helping our customers find the right solutions for their business needs and budget.