Energy Storage Finance and Economics Training Course

Participants can translate battery technical performance assumptions into financial model inputs.

• Battery chemistries, power conversion systems, and balance-of-plant cost drivers
• State-of-charge windows and round-trip efficiency within dispatch modelling
• Cycle-life warranties, throughput limits, and degradation curve interpretation
• Augmentation schedules and replacement reserves within long-term operating assumptions
• Availability guarantees, liquidated damages, and performance-test acceptance criteria
• IEC 62933 terminology for stationary electrical energy storage systems

Participants can calculate project returns and identify the assumptions driving storage economics.

• Levelized Cost of Storage calculations using discounted lifetime costs and discharged energy
• Net present value, internal rate of return, and payback limitations
• Nominal and real cash flows, inflation indices, and discount rates
• Tax depreciation, loss carryforwards, and after-tax project cash flow
• Working capital, reserve accounts, and lifecycle capital expenditure timing
• Sensitivity tables for capex, revenue, degradation, and financing assumptions

Participants can assess storage contracts and forecast revenue under different market structures.

• Capacity payment mechanisms, availability obligations, and non-performance penalties
• Ancillary-service qualification, response requirements, and market participation constraints
• Power purchase agreements paired with storage and renewable generation profiles
• Tolling agreements, floors, collars, and fixed-revenue contract structures
• Merchant revenue forecasts using price shapes, spreads, and dispatch assumptions
• Contract bankability tests for term, credit support, termination, and change clauses

Participants can structure and quality-check a financial model for an energy storage project.

• Three-statement project model architecture linking operations, taxes, debt, and equity
• Hourly dispatch outputs aggregated into monthly revenue and cash-flow schedules
• Modeling degradation, augmentation, outages, and availability through operating years
• Debt sculpting against projected cash available for debt service
• Auditing formulas with balance checks, flags, and independent recalculation
• Scenario manager design for base, downside, and upside investment cases

Participants can compare financing structures and determine lender-constrained debt capacity.

• Equity, senior debt, mezzanine debt, and tax-equity funding roles
• Debt service coverage ratio calculation and lender sizing constraints
• Loan life coverage ratio and project life coverage ratio interpretation
• Construction-period funding, interest during construction, and contingency drawdowns
• Term sheets covering tenor, amortisation, margins, covenants, and security
• Weighted average cost of capital under alternative capital structures

Participants can identify bankability gaps and allocate key storage project risks.

• Lender technical adviser scope, independent engineer reports, and model review
• Due diligence workstreams covering permits, land rights, grid connection, and insurance
• Risk allocation matrices for EPC, O&M, offtake, and force majeure
• Completion tests, substantial completion, and long-stop date protections
• Direct agreements, step-in rights, and lender consent requirements
• Reserve accounts for debt service, maintenance, and major replacements

Participants can assess incentive eligibility, carbon claims and public funding obligations.

• Investment tax credits, production incentives, and grant eligibility tests
• Carbon-credit additionality, baseline setting, and monitoring-plan requirements
• GHG Protocol Scope 2 consequences of charging source and dispatch
• Lifecycle emissions assessment boundaries for battery manufacturing, transport, and recycling
• Environmental attribute certificates and renewable matching claims for storage projects
• Public funding compliance, state-aid rules, and reporting obligations

Participants can value storage projects and present risk-adjusted recommendations for approval.

• Comparable transactions, precedent project valuations, and implied valuation multiples
• Discounted cash flow valuation using risk-adjusted discount rates
• P50, P90, and downside cases for revenue uncertainty assessment
• Probabilistic sensitivity analysis using Monte Carlo distributions and correlation assumptions
• Investment committee papers presenting assumptions, returns, risks, and approval conditions
• Bid evaluation scorecards combining price, deliverability, credit, and performance

Participants can monitor storage investments and apply course methods to active decisions.

• Portfolio effects from co-located renewables, shared interconnection, and dispatch coordination
• Refinancing triggers following operating history, contract extensions, and rating improvements
• Asset-management dashboards tracking availability, degradation, revenue, and covenant headroom
• Variance analysis separating price, volume, availability, and degradation drivers
• Investment monitoring plan with milestones, owners, thresholds, and escalation actions
• Personal application plan for a live storage financing decision or review