Average enterprise ESS system price per 2MW in Finland

How much does an ESS system cost?

Increased competition in the commercial ESS space Government incentives (e.g., tax credits in the U.S. and Europe) make systems more affordable. For example, in 2022, a 100 kWh system could cost $45,000. By 2025, similar systems could sell for less than $30,000, depending on configuration.

What is a merus ® ESS battery energy storage system?

With our Arctic design, our Merus ® ESS battery energy storage systems are engineered to endure the most extreme Nordic winters. These systems are built to operate reliably in temperatures as low as -40°C (-40°F) and maintain high availability even when buried under heavy snow and ice.

What is merus ESS?

Merus ESS is a modular and scalable energy storage system for industrial and grid applications – improve energy efficiency, grid stability, and sustainability.

How does Bess make money in Finland?

Today, BESS’s most significant revenue sources in Finland are frequency containment reserves (FCR-N, FCR-D up, and FCR-D down). Prices of FCR-N and FCR-D up have continuously increased for the past few years. Fingrid procures these reserves based on competitive bidding from the yearly and hourly markets.

How much does FFR cost in Finland?

If only the hours when FFR was procured were counted, the average price would be 38€/MW. Today, BESS’s most significant revenue sources in Finland are frequency containment reserves (FCR-N, FCR-D up, and FCR-D down). Prices of FCR-N and FCR-D up have continuously increased for the past few years.

How much does a MWh system cost?

MWh (Megawatt-hour) is a measure of energy capacity (how long the system can continue delivering that power output). For example, a 1 MW / 4 MWh BESS has four hours of storage capacity.So, while the system might be $200,000 per MW, the effective cost can be $800,000 per MWh if it has four hours duration.