Gemini AI calculation of first phase revenue Simplified Calculation:
Here are some rough assumptions for this calculation:
- Discharge cycles: The battery is discharged once per day.
- Energy prices: The average electricity price is $100/MWh in the US and $80/MWh in China.
- Discharge duration: Based on the 1.2GWh capacity and 420MW power, the discharge duration is approximately 2.86 hours (1.2 GWh / 420 MW).
Based on these assumptions, the annual revenue would be:
- US: 420 MW * 2.86 hours * $100/MWh * 365 days = approximately $43.8 million
- China: 420 MW * 2.86 hours * $80/MWh * 365 days = approximately $35 million
Important Considerations:
- These figures are highly simplified estimates. Actual revenue could be much higher or lower depending on the factors mentioned earlier.
- Ancillary services: A significant portion of revenue for battery storage systems often comes from providing ancillary services to the grid, which are not included in this simple calculation.
- Market research: To get a more accurate estimate of potential revenue, you would need to conduct detailed market research and analysis, considering the specific location, market conditions, and regulatory environment.