By: Michael Hainzl; Generac Power Systems - Michael.hainzl@generac.com
This class provides an energy storage technology overview, develops the concepts of power output compared to energy content, examines the utility tariff conditions and tax incentives that determine financial viability of a BESS. We look at several practical use cases and the factors influencing the return on investment of those examples. After this class, students will be able to make a high-level assessment of project financial viability based on the utility tariff and tax incentives. Finally, there is a brief explanation of the various battery technologies and the performance tradeoffs between different battery chemistries.