Turnkey commercial energy storage EPC contract price in Canada

What is a turnkey Engineering Procurement & Construction (EPC) cost assessment?

This assessment focuses on turnkey engineering procurement, construction (EPC) installed costs, fixed maintenance (or maintenance service agreement) costs. Data and input was collected from EPRI projects, publicly-available and fee-based analyses2, and surveys of vendors, integrators, analysts, consultants, and service providers.

What is the future of the EPC model in Canada?

MCW looks forward to the future of the EPC model in Canada, which we believe remains a key solution to enacting important energy conservation, cost saving and de-carbonization solutions in existing building stock – a critical component of our collective ongoing climate change mitigation efforts.

What is an Energy Performance Contract (EPC)?

An Energy Performance Contract (EPC) is a performance-based financing mechanism that enables a client organization to leverage the technical and financial capacity of an Energy Service Company (ESCO) to design, build, and secure financing to improve energy management practices and/or retrofits within a facility or group of facilities.

Are EPC costs fixed or fixed?

Fixed Costs: Engineering, general expenses, and mobilization have fixed costs with some scaling with size. Therefore, EPC costs for smaller system are a higher percentage of the total cost than larger systems. Lithium ion installed costs are projected to decrease by over 40% by 2030.

How do energy storage contracts work?

For standalone energy storage contracts, these are typically structured with a fixed monthly capacity payment plus some variable cost per megawatt hour (MWh) of throughput. For a combined renewables-plus-storage project, it may be structured with an energy-only price in lieu of a fixed monthly capacity payment.