ANNOUNCEMENTS
Battery Energy Storage Systems (BESS) will have a significant part in the shift from decentralised energy systems using fossil fuels to those that use a greater proportion of renewable energy sources in the future. In addition, the high upfront expenditures associated with batteries pose a barrier to the advancement and modernization of India's energy infrastructure. The battery system in a case study that is connected to a waste vacuum cleaner with daily power peaks greater than the base demand is the subject of this study's technical and financial analysis. The battery system is intended to be combined with it for optimal shaving and providing grid stability services in India. This study also investigates the effects of a service-based business model on value proposition, value creation, and value capture, in which the battery is transferred to a third party. As demonstrated by the study's findings, peak shaving really reduces costs, and providing the batteries for grid services creates revenue-generating potential. It is also most lucrative to undertake as high peak shaving as possible at a set level of grid service compensation, according to scenario modelling on specific operational insights. Although society and the environment gain the most from battery technology itself, providing the battery as a service has been demonstrated to offer extra benefits for consumers and businesses.
