To mitigate this, CentrePort explored the installation of an on-site battery energy storage system (BESS) as part of its microgrid strategy. We assessed its economic feasibility, identifying opportunities to stack value through participation in demand-side flexibility markets, as well as from energy arbitrage, power factor correction, reducing peak demand and revenue from excess power exports.
This project is also supported by a grant from Ara Ake, who aim to demonstrate the commercial value of customer-led BESS solutions.