Energy storage procurement contracts must also take into account the ever-evolving suite of laws and regulations applicable to energy storage projects, including as a result of the recent change in administration in the United States.
When developing an energy storage project, a project owner can engage an EPC contractor to provide a fully-wrapped EPC agreement that will encompass the procurement, installation, and commissioning of batteries. In many cases, however, owners will contract directly with battery suppliers for battery supply and commissioning.
These contracts allocate the risks of project development, construction, and performance between the parties and include the price that will be paid by the utility for the resource or the energy storage services that are to be provided.
Defect warranties may extend out to five years while workmanship warranties are often one to two years. This Insight is an update to our previous A 2024 Update on Utility-Scale Energy Storage Procurements (March 4, 2024). US Energy Storage Monitor, Q4 2024 Executive Summary, Wood Mackenzie (December 2024).
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