Development Services
Energy storage is challenging to develop with many pitfalls that can lead to suboptimal project returns. If you are a renewable energy generator, a large energy consumer, or a project developer seeking a trusted development services partner → TERIC is a partner offering proven and profitable energy storage expertise.
We're an industry pioneer in Energy Storage. Achievements include:
TERIC has successfully designed, constructed, and commissioned 7 X BESS projects that are now in operation.
Majority of all utility scale battery projects in operation in Alberta today were originated and developed by TERIC.
TERIC originated the first portfolio of battery energy storage projects in Canada.
TERIC has an extensive understanding of how BESS applications are best optimized.
270MW+ funnel of distribution, behind the meter, & transmission projects to support the energy transition in Canada.
TERIC’s competitive advantage is based in our experience in all phases and aspects of the project lifecycle, including project conceptualization, preliminary design, engineering and integration, site development and regulatory filings, commercial structuring, origination and physical operations.
This allows TERIC to assess each installation opportunity and determine the optimized BESS application from both an economic and technical perspective.
TERIC provides a full range of BESS Development Services offerings alongside our existing Operations & Maintenance services.
Project Development Lead or Support
- Project origination
- Economic modeling
- Storage-specific project financing guidance
- Conceptual through to detailed design
- Storage-specific interconnection support
- Regulatory and Permitting
- Final Investment Decision guidance
- Construction management
- Commissioning
Owner’s Team Representation
- Represent owner in all aspects of the project development lifecycle
- Due Diligence
- Contractor Management
- Support economic analysis and Final Investment Decisions
Merger and Acquisitions Support
- Complete asset due diligence
- Economic valuation reviews
Strategic Feasibility / FEED Studies
- Early-stage project viability assessment
- Engineering analysis and capital estimates
- Project architecture (sizing, program participation, revenue stack)
- Ancillary Services design support
- ISO driven engagements
Common Questions
We've compiled some of the most frequent questions we get about BESS projects.
We’ve been developing distributed power projects for nearly a decade with a proven ability to manage some of the more challenging aspects of BESS projects:
- Alberta Utilities Commission (AUC) licensing;
- Community engagement & approvals; and
- EPC & commissioning and comfort in managing operations.
BESS projects are complex to integrate, complex to get right.
- Minor decisions can have a dramatic effect, we fully understand this offering from end to end with a history of successful projects, stress testing, and lessons learned.
- While many profess to implement a battery solution… We’re among the few who can make it work both physically and fiscally.
BESS projects are multi-purpose tools for extracting value from the asset.
- Site-specific forecast economic analysis can prove eLAB solution.
- Configuration and capacity are key inputs.
- Income is generated by tapping-in to multiple revenue products.
- Expenses are minimized through cost avoidance & efficient operations.
Energy Storage installations are different to other market asset archetypes (including renewables). BESS projects are more challenging and are driven by a range of factors like revenue stacking complexity, changing market rules, higher capital costs and financing challenges, operational complexity, evolving supply chains, and grid interconnection challenges.
Choosing a proven development services partner will increase the success of your project. TERIC Power is that partner, and can work with you as an owner, investor, or operator. Let’s talk about your project.
With a long-term vested interest, TERIC is your partner for the entire life of the asset.
Please contact us using the form below, or visit our contact page. We’ll be in touch shortly thereafter.
Let's talk about your project.
We are happy to have a discussion regarding the viability of a project with you. Please use the contact form below ↓
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