While decreases in costs continue to make energy storage more and more competitive, financial advisory and asset management firm Lazard has highlighted just how variable project economics can be, citing examples of US projects with 9%, 11% and 21% IRR (internal rate of return).
Florian Mayr, partner at Apricum – The Cleantech Advisory, reflects on knowledge gained in energy storage’s rapidly growing markets and offers his five key ingredients for success.
