What is the Battery Energy Stationary Storage Service research methodology?

Our forecasts are based on robust and informed methodologies. The first stage in both grid and behind the meter methodologies is to assess the market outlook for global electricity demand, and the renewables share of the mix of this growing demand. For this, we consider a number of factors affecting this on a region-by-region basis, paired with our in-house solar and wind forecasts. Our BESS market outlook is calculated by identifying the appropriate technology deployment based on the use case and economics in each storage scenario. Benchmark has developed a database of battery energy storage projects worldwide, which is updated on an ongoing basis through both primary and desk research. We track key metrics for each project including the battery technology, the cell and system supplier, the size of the installation, the feed-in energy source and use case. This database informs both our historical demand and chemistry split, and our pipeline for the coming years.