As the world moves towards renewable energy sources, battery storage is becoming an increasingly popular option for storing excess energy. This can be seen in the growing number of utility-scale battery storage projects being developed around the globe.
If you are a landowner and are interested in getting involved in this industry, you may be wondering if your land qualifies for a battery storage lease. In this guide, we will discuss the factors that determine whether a piece of land is suitable for battery storage and how you can assess your own property's suitability for battery storage leasing.
What is Battery Storage?
Battery energy storage systems (BESS) are devices that enable energy from renewable sources (such as solar or wind power) to be stored during times of low demand and then released during times of high demand. Battery storage systems play a key role in ensuring that businesses and homes can be powered by green energy, even when the sun isn't shining or the wind isn't blowing. In other words, battery storage systems ensure uninterrupted operations.
The United States has a goal of becoming emissions-neutral by 2050. In order to reach this goal, the number of battery storage facilities will need to increase by 200%. This means that there is a huge opportunity for property owners to leverage their land and explore battery storage lease opportunities.
Battery Storage Land Requirements
Many property owners wonder what makes a property ideal for battery storage. The most important factors include acreage, location, proximity to electrical infrastructure, and local renewable energy incentives.
Acreage Required for Battery Storage
Compared to solar and wind leasing, the acreage requirements for battery storage leasing are much smaller. Typically, battery storage developers look for properties between 2-15 acres.
However, not all of your acreage may be suitable for a battery storage lease. Exclusion zones are areas that battery storage equipment cannot be placed on. These include topography, waterways, flood zones, state parks, dwellings, and more.
Proximity to Electrical Infrastructure
When it comes to battery storage leasing, proximity to electrical infrastructure (substations and transmission lines) is crucial. The closer that a property is to a substation, the more likely it is to receive battery storage lease offers. Properties that qualify for battery storage leasing are ideally located adjacent to a substation, but properties that are located within a half mile of a substation can also qualify.
Renewable Energy Incentivization
Federal and local governments are incentivizing renewable energy development more and more. If your property is located in an area where clean energy is highly incentivized, your property could be worth more for a battery storage lease.
Lease Your Land for Battery Storage with LandGate
Are you interested in making money on your land through leasing opportunities? LandGate's free property report provides free lease estimates and valuable data-driven insights to help you determine the best potential opportunity for your land.
Although LandGate's property report does not provide battery storage lease estimates yet, it does provide information about a property's proximity to electrical infrastructure, buildable acreage, and more. If you like what you see, you can list your land for free on our leading marketplace for exposure to hundreds of high-intent energy investors. By entering your land into a competitive marketplace, you can ensure that you are getting the best offer. Learn if your property qualifies for a battery storage lease and list for free today:
