Are Grid-Forming Technologies the Key to Stabilising the Grid?

Synopsis

• Grid-forming batteries:Why are they pivotal for stabilising Australia’s renewable energy grid, and how do they differ from traditional BESS technologies?
• What are the fundamentals of asset management to consider, and how is it different for batteries, particularly grid-forming systems?
• What is the LCOS (levelised cost of storage) by technology and use case, and how do grid-forming batteries impact this metric?
• How can you leverage your battery and grid-forming batteries to harness revenue streams while supporting grid reliability?
• What advice would you give to a new BESS owner/operator on how best to prepare for COD of a project, especially when deploying grid-forming technology?