BESS must accelerate the process of digitization

　　In the wind and solar power industries, software used to improve the performance of energy assets has been rapidly adopted and improved. Steve Hanawalt, executive vice president and co-founder of Power Factors, a renewable energy software and service group, believes that although the adoption of digital technology in the field of battery energy storage is slow, investors in large-scale energy storage projects are increasingly aware of management software the power of.

　　Arevon uses Tesla's Megapack battery energy storage system in the 100MW/400MWh energy storage project deployed in California

　　In the increasingly mature fields of wind and solar power generation, digital asset management software is becoming a prerequisite for effective portfolio operations, providing energy asset managers and increasingly savvy investors with a way to monitor performance, manage technology and business risks, and extend the method of asset life and ultimately return.

　　As the energy storage market enters a new growth stage, energy storage asset management companies will need to demonstrate relatively advanced operating standards. Especially those investors who own and operate wind power and solar power projects at the same time.

　　Earlier this year, Arevon cooperated with Power Factors. The 100MW/400MWh Saticoy battery energy storage project (one of the largest energy storage projects in the United States) deployed and operated by Arevon in California will adopt Power Factors’ asset performance Management system.

　　This is one of the first major adoption cases of asset management software in the field of energy storage, indicating that the industry is ready to promote the rapid digitization of energy storage systems. The adoption of digital technology will not only bring well-known benefits such as cost reduction, optimization of technical performance and more accurate forecasts, but will also play an important role in the maturity of the energy storage industry in the next few years.

　　From the perspective of technical monitoring and maintenance, the requirements of various technologies for constructing hybrid energy facilities are different. Taken together, these factors contribute to a highly complex asset management process. A coordinated integrated asset management system that can bring together numerous data streams will play a vital role in simplifying processes and reducing risks that affect investor project returns.

　　At present, when determining whether energy storage assets meet the standards, the work of asset managers in the field of energy storage is much more difficult than that of asset managers in the fields of wind and solar energy. Why? Because there is no uniform standard yet.

　　Due to the limited technical data available in the entire industry, the asset manager must check whether the asset is operating within the design parameters and whether it meets the initial expectations. This is a unique digital system for data collection, monitoring, operation and warranty, so this evaluation may be very different from other technologies.

　　Establishing operational performance standards is essential to justify investment decisions and reduce the risk of energy storage as an asset class. This is where the asset management platform plays an important role: understanding and reducing technical performance risks, establishing models, and determining optimization points and releasing added value.

　　In order to achieve this and prevent unnecessary loss of revenue, data standards in the energy storage industry need to be improved to increase data transparency, which will provide energy storage operators with the necessary influence to balance the competitive environment and ensure fair business terms.

　　As battery energy storage systems enter the next stage of growth and will attract more investors, higher quantity and quality of data is essential to maintain the growth momentum.

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate battery is a perfect replacement for lead-acid batteries, and it is the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.