BESS Seminar: Making BESS Bankable

Kalvebod Brygge 32, 1560 København V

Join BESS experts to explore bankability, balancing services, insurance, contracts, financing, operational risk and microgrids in Northern Europe.

Join BESS experts to explore bankability, balancing services, insurance, contracts, financing, operational risk and microgrids in Northern Europe.

On 30 October, RiskPoint and Poul Schmith will host a seminar on BESS, where you can meet BESS experts from European Energy, Hybrid Greentech, RiskPoint, and Poul Schmith.
 
BESS is moving rapidly from a promising technology to a central part of the energy system. Yet the business case remains shaped by uncertainty around grid connection, revenue stability, technology and operational risk, insurance requirements, contracts, and access to financing.
 
RiskPoint and Poul Schmith invite you to a seminar exploring what it will take to make BESS projects bankable in Denmark and Northern Europe, with a particular focus on co-located BESS and microgrids.
 
Together with experts from European Energy, Hybrid Greentech, RiskPoint, and Poul Schmith, we will discuss the market for balancing services, the commercial models most likely to endure, insurance and design requirements, contractual risk allocation, and the prospects for real-estate-mortgage-style financing of BESS projects.
 
The seminar will bring together developers, investors, lenders, operators, and other market participants for practical perspectives across the full project lifecycle, from planning and development to operation and financing.

Programme

08.30–09.00: Arrival and light breakfast
 
09:00-09:05: Welcome and introduction
Klint Klingberg-Jensen, Partner, Poul Schmith
Brief introduction to the theme of the day, the programme and practical information.
 
09:05-09:25: BESS and the system services market - where are we, and where are we heading?
Rasmus Rode Mosbæk, CEO, Hybrid Greentech
The development of the system services market for BESS in Denmark and Northern Europe, including price formation, competition, revenue cannibalisation and experience from more mature markets.
 
09:25-09:45: Underwriting requirements for BESS - space, technology and insurance rationale
Morten Christensen, Head of Onshore Renewable Denmark, RiskPoint

Insurance underwriting requirements for BESS, particularly co-located projects with limited space, including technology, indoor/outdoor placement, spacing, stacking and certification (e.g. UL/IEC).
 
09:45-10:05: Bankability in BESS contracts - from development to operations
Klint Klingberg-Jensen, Partner, Poul Schmith
Key terms in development, EPC, O&M and trading/offtake agreements addressing grid connection, technology and performance risk, availability, degradation, merchant exposure and allocation of responsibility.
 
10:05-10:25: Potential real-estate-mortgage-style financing of BESS - challenges, limits and key considerations
Flemming Pristed, Partner, Poul Schmith
Legal and commercial conditions for mortgage-style financing of BESS and co-located projects, including security, technology risk, operational arrangements and the relationship with project and corporate finance.
 
10:25-10:45: Break
 
10:45-11:05: Operational risks - from planning to commercial reality
Mads Lykke Andersen, VP Head of Technology Development, European Energy
How European Energy develops BESS and hybrid projects from permitting through design optimization, supplier mix and operating strategies, and assessment on how to understand the bankability of hybrid assets.
 
11:05-11:35: Panel discussion: What Will Make BESS Bankable in Northern Europe?
Moderator: [TBD]
Panel: [TBD]

Discussion of the main barriers to BESS bankability, the future of co-location, bankable PPAs/tolling/trading arrangements, insurance and operational risk, and considerations for cold climates and microgrids/industrial offtakers.
 
11:35-12:00 - Networking and wrap-up
Opportunity for informal discussion with speakers and other participants
 

Practical Information

Target Audience

The seminar is aimed at developers, investors, lenders, asset owners, operators, EPC and O&M contractors, traders and offtakers, insurers and risk professionals, and legal, commercial, finance and technical decision-makers working with BESS, co-located renewable projects and microgrids.

Price

Participation is free of charge.

LOCATION AND PARKING

The seminar will be held at Poul Schmith, Kalvebod Brygge 32, 1560 Copenhagen V.

Parking is available at the Tivoli Hotel & Congress Center car park at Arni Magnussons Gade 2, 1577 Copenhagen V.

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