Battery Storage & Financial Modeling

Battery Storage & Financial Modeling Course Content

Wind and solar renewable energy projects are intermittent. The wind doesn’t always blow and the sun doesn’t always shine. And the sun shines and the wind may also blow at times when energy needs are at their lowest. Battery storage systems enable us to store energy from wind and solar projects when the wind does blow, or when the sun shines. Batteries enable further development of wind and solar projects. Batteries also provide additional services to support the grid.

Batteries will form a large part of the energy grid in the coming years. Developers and investors need to understand the capital costs, operating metrics, and revenue sources available to batteries. They also need to understand how to evaluate battery projects.

This course provides an overview of standalone batteries and co-located batteries with wind or solar assets. It is designed to familiarize developers, investors, and lenders with the investment decisions and risks of battery storage projects. We will demystify battery terminology and economics through clear concept videos and some financial model demonstrations.

This is not a financial modeling course where you build a financial model from scratch. Simple annual financial models are used to help explain concepts such that modelers can develop their own models to assess a deal. You will gain an understanding of the inputs, calculations, and outputs required for battery projects. We also discuss the types of scenarios that are often run by experienced teams. The online course does not cover project finance or debt – this knowledge is a pre-requisite for this course

Battery Storage & Financial Modeling In-House

Course Price: Contact Us

On Request
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Inhouse Training
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Battery Storage & Financial Modeling Live Streaming

Course Price: $1200

September 11, 2024
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Live Streaming
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Battery Storage & Financial Modeling Online

Course Price: $500

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Online Self Paced
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SECTION OVERVIEW
PRE-COURSE (all online)
  • Excel functions, formulas and shortcuts
  • Best practice modeling concepts
  • Intro to debt and equity
  • Benefits of leverage
  • Present value concepts and formulas (NPV, IRR)
  • Introduction to battery model
ENERGY MARKETS AND THE GRID
  • Capacity vs energy (power)
  • Power plant economics
  • Energy demand and dispatch
  • Issues with renewables – the “duck curve”
  • Energy demand vs pricing
  • Need for batteries
  • AC vs DC energy
  • Transmission and distribution
  • Inverters and efficiency
USES OF ENERGY STORAGE
  • Supply shifting
  • Ancillary services
  • Types of storage
  • Battery power and energy terminology
REVENUE STREAMS
  • Battery energy flows
  • Battery arbitrage energy flows
  • Battery arbitrage demo – duck curve risk
  • Revenue streams: supply shifting
  • Revenue streams: ancillary services
  • Revenue stream stacking
  • Global battery market revenues comparison
COSTS
  • Capital costs: economics and modeling
  • Battery capex drivers and trends
  • Operating expenses
  • Degradation, cycles and depth of discharge
  • Augmentation strategies and trade-offs
TAX CREDITS
  • Investment Tax Credit (ITC)
FINANCING CONSIDERATIONS
  • Risks and due diligence
  • Lender considerations
  • Sizing debt for merchant batteries
SOLAR AND STORAGE COUPLING
  • Intermittency
  • Curtailment
  • Inverter clipping and overbuild rations
  • Benefits of coupling solar + storage
  • Standalone storage energy flows + risks
  • AC-coupled energy flows + risks
  • DC-coupled energy flows + risks
  • Project-level efficiency
  • Standalone, AC and DC coupled revenue models
  • AC versus DC coupling scenarios and considerations

  • Self-paced, online – complete this course online at your own pace.
  • Live streaming – join virtually with other professionals in a small group environment to complete this course.
  • Inhouse – this course can be customized to address the unique challenges that your team or organization face.

Who should participate:

This course will benefit the following people looking to gain an understanding of battery operations, investments, and risks:

  • Anyone interested in learning about the fundamental of utility scale energy storage
  • Analysts, associates & vice presidents at banks, funds, investors, developers, and operating entities
  • More senior participants changing careers or looking to up their skill set
  • Students wishing to enter the project finance sector or about to start new roles
  • Energy market participants including regulators, policy setters, and advisors

  • Pivotal180 is focused exclusively on teaching. Institutional and human capacity building is not a side business.
  • Senior practitioners with real experience lead Pivotal180 training courses
  • Our understanding is from practical transactional experience, not from reading about it or hearing about it from senior people on our team
  • We have trained top advisors, developers, lenders, and funds across the world.
  • We tailor our courses more than anyone else in the market, to meet your needs
  • Our blended solution of instructor led and online training includes 12 months of access to our online courses

Contact us for  pricing of our in-house tailored courses

Public Live Streaming  Course  involves 5 sessions

  • Price of public course  $1,200
  • Includes access to our online battery course for 12 months

Online course has over 8 hours of content and will take about 8-10 hours to complete if you do it from start to finish and complete the quiz.

  • Price of online course $500 – available to anyone.
  • Promotional price for students $250*
  • Students are not eligible, to renew their subscription and the license will expire after 12 months

Tailored Courses are available

*Please contact alison@pivotal180.com.com to obtain a coupon code to apply on registration.

Cancellation Policy for Public Courses

  • 4 weeks before the course: Full Refund*
  • 1-4 weeks before the course: 50% Refund
  • <1 week before the course: No Refund

*Refund is less any merchant fees incurred on payment

  • 12 month’s access to online course material including slides, videos, downloadable spreadsheet, and the course discussion board for ongoing questions
  • Course completion certificate

  • Basic knowledge of, and access to Excel
  • Computer/Laptop (two monitors is preferrable)
  • Power cord

Course Previews

Use of Storage Systems - Supply Shifting

Model Walk-Through: Introduction to Battery Model

Daily Load Profile