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As the world’s population continues to grow and the effects of climate change become more apparent, it is now more important than ever for companies to take responsibility in creating a sustainable future. At Bitech Technologies, we have made a commitment to driving positive change and paving the way towards a cleaner world with reduced carbon emissions and increased energy efficiency.

BESS Market Overview

  • Battery Energy Storage System (“BESS”) is a cost-effective system of battery storage using one or more batteries to store energy generated by wind or solar farms.

  • Prior to the 2022 Inflation Reduction Act (“IRA”), BESS was required to be co-located to be eligible for Investment Tax Credits (“ITC”); post-IRA, stand-alone BESS projects are also eligible for ITC of up to 50%.

  • Better cycling capacity enables enhanced capture of ancillary services revenues without warranty cycle life degradation.

  • Lower capacities simplify the interconnection process in ERCOT (Texas).

  • The Battery Storage Systems market is projected to grow at a 24% CAGR from 2022 to 2032P.

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bess capacity by region

Investment Tax Credit (ITC)

IRA: The Inflation Reduction Act created new opportunities for tax credit monetization. These monetization options have simplified and expanded the accessibility, and availability of capital to deploy into the renewable energy markets. We expect to sell the credits generated from our projects as outlined in the IRA under Transferability.

50% ITC: By choosing Bitech Technologies’ utility project pipeline, you can also benefit from Investment Tax Credits (ITC) of up to 50%. This not only makes our investment more attractive but also signifies our commitment towards promoting sustainable practices within the business community.

Transferability: This process allows project owner with certain tax credits.

Our Positioning

At Bitech Technologies, sustainability is at the core of everything we do. We believe that through harnessing renewable energy sources and utilizing innovative technologies, we can create a more sustainable world for future generations.

  • BESS development experience positions Bitech to capitalize on industry-wide growth.

  • In-house power desk enhances Bitech’s ability to project BESS project values and future PPA prices.

  • Breadth of legislative authority relationships across multiple ISOs enables Bitech to capture ITCs.

Join us in our mission towards a cleaner and brighter future.

BESS Operations

We use cutting-edge BESS equipment that allow us to store excess energy in batteries during off-peak hours when it is inexpensive and dispatch it during peak hours when prices are highest. This not only benefits utility entities by boosting their bottom line but also has a significant impact on reducing carbon emissions.

One of the major challenges faced by renewable energy sources such as solar power is their intermittency. However, with our BESS solutions, this issue is effectively addressed. Our battery systems have the capability to store and discharge solar energy, providing a stable supply of electricity even during times of low generation. This eliminates the need for costly backup power sources and ensures a reliable source of energy for operations.

In addition to stabilizing the grid, our BESS projects offer essential value for our sustainable operations by avoiding curtailment of renewable energy. By storing excess solar energy in our batteries, we ensure that every unit of renewable energy produced is utilized effectively, maximizing revenue for our operations.

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Our Pipeline

We offer in investment opportunities in our 1.965 GW (gigawatts) pipeline of 23 Battery Energy Storage System (BESS) projects.

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We also offer in investment opportunities in our 1.4 GW (gigawatts) pipeline of 12 solar projects.

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For inquiries, please contact us at info@bitech.tech for confidential info with NDCA.