Rural integrated energy storage cabinet exchange and procurement contract

Tags: Rural Integrated Energy Energy Storage

4 FAQs about Rural integrated energy storage cabinet exchange and procurement contract

Can energy storage resources be financed on a nonrecourse basis?

Key Finance-ability Provisions: Energy storage resources may also be financed on a nonrecourse basis and, like any other project financed in such manner, will need to address issues upon which nonrecourse lenders will focus, including assignment, events of default, performance requirements, key dates, and collateral.

How do energy storage contracts work?

For standalone energy storage contracts, these are typically structured with a fixed monthly capacity payment plus some variable cost per megawatt hour (MWh) of throughput. For a combined renewables-plus-storage project, it may be structured with an energy-only price in lieu of a fixed monthly capacity payment.

What is the difference between a co-located resource and a hybrid resource?

In that context, a co-located resource refers to a project in which the storage and generation resources both have separate resource IDs and are viewed as two separate resources by the system operator. A hybrid resource on the other hand has a single resource ID and is viewed as a single integrated resource by the system operator.

Is energy storage eligible for ITCS after the IRA?

After the passage of the IRA, energy storage is eligible for ITCs on a standalone basis and thus the delineation between grid charging and non–grid charging may become less relevant for these projects.

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