Energy Storage News•11 days ago
Single 100MW BESS outage could cause a US$1.2 million monthly loss, cybersecurity report finds
Key Takeaway
Cybersecurity vulnerabilities in BESS projects pose a multi-million dollar monthly financial risk, demanding immediate attention from developers, operators, and financiers to protect revenue and ensure project viability.
AI Summary
- •A new report by Brattle Group and Dragos indicates a single 100MW/400MWh BESS outage, potentially due to cybersecurity, could incur US$1.2 million in monthly losses.
- •This highlights a significant financial risk for BESS developers and IPPs, underscoring the critical need for robust cybersecurity investments and operational protocols.
- •The potential for multi-million dollar monthly revenue loss directly impacts project financing, insurance premiums, and the overall economic viability assessment of BESS projects.
- •Large power consumers, especially those relying on BESS for grid stability, reliability, or arbitrage, must scrutinize their BESS providers' cybersecurity resilience to mitigate supply chain and operational risks.
Topics
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Article Content
A new battery energy storage system (BESS) cybersecurity whitepaper from consultancy firm The Brattle Group and cybersecurity solutions provider Dragos claims that a single 100MW/400MWh BESS outage could result in US$1.2 million in monthly losses.