Belgium Battery Storage Market Assessment

LCP Delta provided a comprehensive competitive analysis of the Belgium battery storage market to help inform an investment decision on a project they are developing.

The background

Our client is one of the largest electricity producer and energy supplier in Europe, is seeking to develop a battery storage project in Belgium in the coming years.

What the client needed and their key question(s)

They wanted an overview of competing projects in the Belgian market to act as a benchmark for their own project and to provide to their senior managers as a briefing document to help inform an investment decision.

Our solution

We provided a competitive analysis of the Belgium battery storage market. The review included:

• A cross-comparison of project costs.
• Review of development timelines which included details on planning, permitting, construction and commissioning timelines.
• Permitting status and timelines, including objections and number of applications required for approval.
• Technical details of projects, including technology provider and technology type.
• Participating markets.

Our impact

The output identified aspects that were crucial for the development phase and the impact of potential risks related overruns on timeline and CapEx. This allowed the client to focus on the key areas where their project was less competitive versus other projects being developed or that exist in the Belgian market.