We expect major growth in the BESS applications segment. This is driven by technological and cost advances combined with the increasingly important role of this technology in electricity networks. ib vogt aims to be a major player in this market and to benefit from that growth.
ib vogt has a 2.1 GW project pipeline and an expert, in-house team, dedicated to the global BESS market.
Our applications are currently focused on large-scale stand-alone BESS solutions as well as solar PV co-located projects. With multiple revenue streams, including ancillary services, energy shifting, and peaking capacity, ib vogt is well-suited to become the solar-plus-storage developer of choice in key growth markets.
As BESS becomes widely implemented, costs will continue to decrease while project size increases, allowing new business models to emerge and providing vast new opportunities for development.