This study aims to explore the pivotal role of sustainability accounting in facilitating the transition towards net zero emissions through the sustainable use of batteries.
What is a battery energy storage system?
Battery energy storage systems (BESSs) allow a company to solve problems related to energy delivery by maximizing the use of renewable electricity and increasing the reliability of otherwise intermittent generation sources.
What is a renewable generating asset (Rec)?
When the owner of a renewable generating asset produces power from its facilities, it receives a REC for each MWh generated. RECs are market-based instruments that certify that the bearer owns an instrument that represents one MWh of electricity generated from the renewable energy facility.
How much CO2 does a battery emit per kW?
The EPRI 2019 study estimates that, on average, utility-scale bat-tery production emits 254.6kg CO2e per kW installed based upon the 11 BESS installations evaluated in California.36 If applying this EPRI 2019 EF to calculate BESS emissions, you should justify the appropriateness of the EF and scenario design to the BESS system in question.
What is the development momentum of new energy automobile industry?
In order to achieve the purpose of reducing carbon emissions and protecting non‐renewable energy, the new energy automobile industry has received strong support from the state. At present, the development momentum of the new energy automobile industry in the world is good.
Does a project entity have a variable interest in a renewable asset?
Oftentimes, a renewable asset is owned at a project-entity level and the PPA or VPPA is with the project entity. In many typical tax equity structures, the project entity could be a VIE, in which case a buyer would need to evaluate whether it has a variable interest in the VIE through the PPA or VPPA.