The battery storage offers unique opportunities as it is flexible, can be developed quickly and has multiple applications leading to promote numerous value streams. Apart from this, the consistent fall in the price of lithium-ion batteries, the attractiveness of BESS has further soared north. Globally, the advancements in adjacent digital technologies such as AI, block chain, predictive analysis are giving rise to aggregated solutions and innovative business models, that were nearly inconceivable a few years back
The client aims to focus on building a robust battery solution environment which aims at both development & deployment. Thus, prima facie, the client aims to build on its business strengths to provide battery solutions to utilities, IPPs (including RE companies) & standalone micro/mini grid system operators. Therefore, a consistent insight onto the market, its allied volume & customer along with system delivery capable for different services vis-à-vis competition is important to contrive a holistic business strategy under short-medium-long term basis
The prime objective of this advisory shall be to study the market and design a pathway to the client in order to scale up “Battery Energy Storage” as a matured & financially strong business units per se the Indian market providing standalone as well as integrated solutions. Capturing the market nerves vis-à-vis demand-supply, potential end consumers, solution offerings, competition, pricing models, new technology understanding , market entry, revenue value streams etc. were pivotal in this advisory.
The scope was broadly classified under three phases –
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