Land acquisition for energy storage containers

Should you lease or make money from your land for battery storage?

The evolving landscape of renewable energy and the increasing demand for reliable energy storage solutions have led to greater interest in battery storage projects across the United States. As a landowner, the prospect of leasing and making money from your land for battery storage might be an enticing opportunity.

Why are solar & battery storage lease rates increasing?

The increasing demand for land suitable for solar and battery storage projects has driven up lease rates in recent years, especially because of the incentives offered by the IRA Renewable Energy. As the industry expands, competition for land is intensifying, particularly in regions with favorable solar and wind resources.

Do you need a lease agreement for a battery storage system?

Before the battery storage system is installed in your land, a detailed lease option agreement needs to be negotiated between the landowner and the project developer, which specifies the amounts to be paid, how the payments are made, installments, and the project duration based on the life cycle of the plant.

How much land do you need for a lithium-ion battery storage system?

According to Convergent, the land use requirements for utility-scale lithium-ion battery storage system is about 0.02 acres per MWh of storage capacity, depending on factors such as the battery chemistry, the size of the system, and the location of the installation. This is small compared to the 4 – 7 acres per MW that are required for solar PV.