Monday, June 23, 2025
  • Login
No Result
View All Result
ForexTV
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates
No Result
View All Result
ForexTV
No Result
View All Result
ADVERTISEMENTS
club Felene

ABB introduces Battery Energy Storage Systems-as-a-Service to simplify renewable energy adoption

by GlobeNewswire
May 21, 2025
in Top News
Reading Time: 4 mins read

ABB’s new Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service)

A flexible, zero-CapEx solution designed to accelerate the shift to clean, resilient and affordable energy.
A flexible, zero-CapEx solution designed to accelerate the shift to clean, resilient and affordable energy.

ABB’s BESS-as-a-Service

Removes financial and operational hurdles, helping companies diversify energy mix.
Removes financial and operational hurdles, helping companies diversify energy mix.

ZURICH, SWITZERLAND, May 21, 2025 (GLOBE NEWSWIRE) —

  • New Battery Energy Storage Systems-as-a-Service removes financial and operational hurdles, helping companies diversify energy mix 
  • Supports shift from CapEX to OpEx, empowering companies to deploy battery storage without upfront investment and guaranteed day one returns 

ABB today announced the launch of its new Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service) – a flexible, zero-CapEx solution designed to accelerate the shift to clean, resilient and affordable energy. BESS-as-a-Service is the first in a range of next generation service models being developed by ABB to remove the barriers to clean technology adoption and accelerate industries’ transition to net zero.

With demand for energy storage expected to surge, ABB’s BESS-as-a-Service offers companies a turnkey path to energy independence and sustainability. The International Energy Agency (IEA) projects a sixfold increase in global storage capacity by 20301, with commercial and industrial systems alone expected to surge nearly tenfold to 560 GWh – underscoring the critical role of battery energy storage in enabling cleaner, more resilient power systems2.

Requiring no upfront capital investment, BESS-as-a-Service enables companies spanning a wide range of industries – from data centers to transport and logistics to commercial buildings – to benefit from advanced energy storage through a quarterly service fee. 

The offer includes all hardware, software and lifecycle support, with ABB managing deployment, maintenance and optimization so businesses can focus on their core operations while improving energy efficiency, resilience and long-term sustainability. Designed to be technology-agnostic, BESS-as-a-Service works with any type of battery technology, giving customers the flexibility to take advantage of the latest innovations without being tied to a single system.

BESS-as-a-Service is underpinned by performance guarantees, as well as coverage for maintenance costs and energy trading brokerage fees. By managing all aspects of energy market participation, ABB enables customers to effortlessly reap immediate financial benefits from selling excess energy.

Stuart Thompson, Division President, at ABB’s Electrification Service Division, said: “In today’s volatile energy market, businesses need reliability and cost predictability above all else. Customers tell us that while they want to deploy the latest technologies to improve energy security and reduce their emissions and costs, they face financial obstacles. By shifting from capital expenditure to a more predictable operational expenditure approach, ABB’s BESS-as-a-Service enables businesses to immediately strengthen their energy security, slash peak demand charges, and generate new revenue streams. We see BESS-as-a-Service as not just a new offering but a strategic lever for the Division’s growth and innovation. We see significant potential to scale this globally, especially as more industries seek flexible, low-risk pathways to decarbonization.”

ABB is currently conducting feasibility assessments with prospective customers to ensure immediate financial benefits before the deployment of BESS-as-a-Service. This evaluation is a prerequisite for installation, ensuring that customers can achieve net financial advances from day one. Feasibility studies to date have centred on the following segments:

  • For an EV charge point operator in Ireland, BESS-as-a-Service offers a solution to overcome the limitations of its grid connection and deliver fast charging. ABB’s approach will be able to support up to 1MW of EV fast charging, enabling the operator to generate at least 75% in additional revenue through the sale of excess power to the grid.
  • A UK-based commercial business park aims to mitigate against rising electricity prices by maximizing use of its existing solar PV system into a revenue-generating asset by integrating BESS-as-a-Service. This could potentially result in an 80% reduction in energy costs and up to £92,500 in additional annual revenue from energy trading and ancillary grid services.
  • A UK logistics warehouse facing frequent power disruptions is turning to BESS-as-a-Service to ensure operational resilience and sustainability. The battery system will provide full-site backup covering the site’s peak power demands while reducing reliance on carbon-intensive grid power. Over the project’s life, the net benefit is expected to exceed £2 million, all while supporting a cleaner, more stable energy future. To strengthen its BESS-as-a-Service offering, ABB has partnered with a diverse, strategic ecosystem of expert partners bringing strength in the latest energy monitoring software, data analytics and financial modelling. 

“With BESS-as-a-Service, we are redefining the economics of clean energy adoption – delivering the flexibility and financial returns businesses need to decarbonize with confidence. It allows businesses to adopt advanced energy solutions without the financial strain of large capital investment and empowers them to take control of their energy needs, strengthen their resilience and unlock new value from their assets,” Thompson said.

To learn more about BESS-as-a-Service, visit https://bess-as-a-service.abb.com/ 

ABB Electrification is a global technology leader enabling the efficient and reliable distribution of electricity from source to socket. With more than 50,000 employees across 100 countries, we collaborate with our customers and partners to solve the world’s greatest challenges in electrical distribution and energy management. As the energy transition accelerates and electricity demands grow, we are electrifying the world in a safe, smart and sustainable way. At ABB, we are ‘Engineered to Outrun’, and we are passionate about helping our customers and partners do the same. go.abb/electrification  

1Batteries and Secure Energy Transition, World Energy Outlook Special Report, International Energy Agency, 2024
2Global Energy Storage Market Outlook Update: Q1 2025, Wood Mackenzie

Attachments

  • ABB’s new Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service)
  • ABB’s BESS-as-a-Service
CONTACT: Media Relations
ABB
+41 43 317 71 11
media.relations@ch.abb.com

Investor Relations
ABB
+41 43 317 71 11
investor.relations@ch.abb.com

  • Author
  • Recent Posts
GlobeNewswire
GlobeNewswire
GlobeNewswire,is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
GlobeNewswire
Latest posts by GlobeNewswire (see all)
  • New Wave Announces Non-Brokered Private Placement of Units - June 23, 2025
  • Lottery.com Regains Nasdaq Compliance as Stock Trading Activity Soars - June 23, 2025
  • Evfarmer Announces Approval of MSB License by the U.S. Financial Crimes Enforcement Network (FinCEN) - June 23, 2025
ADVERTISEMENTS
ForexTV Digital Marketing

Related Posts

New Wave Announces Non-Brokered Private Placement of Units

by GlobeNewswire
June 23, 2025
0

– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES –Vancouver, BC, June 23, 2025 (GLOBE NEWSWIRE)...

Lottery.com Regains Nasdaq Compliance as Stock Trading Activity Soars

by GlobeNewswire
June 23, 2025
0

FORT WORTH, Texas, June 23, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (“Lottery.com” or “the Company”) received formal...

Evfarmer Announces Approval of MSB License by the U.S. Financial Crimes Enforcement Network (FinCEN)

by GlobeNewswire
June 23, 2025
0

This milestone marks a key advancement in Evfarmer’s global compliance strategy. The company will continue expanding into key markets across...

Flow Capital Announces US$1.5M Follow-On Investment in Tattle

by GlobeNewswire
June 23, 2025
0

TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”) is pleased to announce...

Standard BioTools Enters Next Phase of Transformation with Strategic Sale of SomaLogic to Illumina

by GlobeNewswire
June 23, 2025
0

Up To $425 Million In Total Proceeds Inclusive of Near-term Milestone Payments; $350 Million In Upfront Cash   Retains Strategic Upside...

OXB completes acquisition of remaining stake in US subsidiary

by GlobeNewswire
June 23, 2025
0

OXB completes acquisition of remaining stake in US subsidiary Progression to full ownership aligns with global strategy and supports long-term...

Next Post

Regency Centers Releases 2024 Corporate Responsibility and TCFD Reports

Please login to join discussion

Latest Posts

  • New Wave Announces Non-Brokered Private Placement of Units June 23, 2025
  • Lottery.com Regains Nasdaq Compliance as Stock Trading Activity Soars June 23, 2025
  • Evfarmer Announces Approval of MSB License by the U.S. Financial Crimes Enforcement Network (FinCEN) June 23, 2025
  • Flow Capital Announces US$1.5M Follow-On Investment in Tattle June 23, 2025
  • Standard BioTools Enters Next Phase of Transformation with Strategic Sale of SomaLogic to Illumina June 23, 2025
  • About Us
  • Advertise
  • Careers
  • Contact
Privacy Policy / Terms and Conditions

© 2024 ForexTV.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Cookie Policy
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • News
    • Top Corporate News
    • Lifestyle
    • Technology
    • Financial Markets News
  • Small Business
    • Digital Marketing Blog
    • Small Business Best Practices
    • Small Business Strategy
      • Sales Strategies
      • Marketing Strategies
  • Business Finance
    • Small Business-Lending Trends
    • Debt Service Coverage Ratio (DSCR)
    • Business Credit
      • Business Credit Blog
      • Business Loans
      • Merchant Cash Advances
      • Business Line of Credit
      • What is Alternative Business Lending?
    • Resources
      • Debt Service Coverage Ratio (DSCR) Calculator
  • Currency Focus
    • Crypto Focus
      • Bitcoin (BTC)
      • Ethereum (ETH)
      • Tether
      • BNB
      • Cardano (Ada)
      • Ripple (XRP)
      • Solana (SOL)
      • Dogecoin (DOGE)
      • Polkadot (DOT)
      • Tron (TRX)
      • Shiba Inu (SHIB)
      • Litecoin (LTC)
    • EURO (EUR)
    • Japanese Yen (JPY)
    • Great British Pound (GBP)
    • Swiss Franc (CHF)
    • New Zealand Dollar (NZD)
    • Canadian Dollar (CAD)
    • Australian Dollar (AUD)
  • Resources
    • Economic Calendar
    • Trader Education
      • Candlestick Pattern Intro
    • Live Forex Rates/Charts
      • Live Rates
      • Live Charts
    • Forex Trader Tools
      • Pivot Point Calculator
      • Currency Converter
      • Global Statistic Resources
    • Trading Terms
      • Forex Glossary
      • Glossary of Retirement Industry Terms
    • CPI Tools
      • CPI Inflation Calculator
      • CPI Average Price Calculator
  • Marketing Services
    • Digital Marketing Services
    • Digital Marketing Consulting
    • Search Engine Optimization (SEO)
    • Online Content Marketing
    • Digital Marketing Blog
    • Inbound Marketing Services
    • Email Marketing
    • Digital Marketing Rates

© 2024 ForexTV.com