Tag: bundling Megapack hardware with Autobidder AI soft

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Revenue Recognition in Energy Storage: A Guide for Finance Pros and Industry Newbies

Let’s face it – revenue recognition for energy storage projects is about as straightforward as untangling Christmas lights. Between complex contracts, performance guarantees, and evolving regulations like IFRS 15 and ASC 606, even seasoned accountants might crave an extra shot of espresso. But why does this matter now? The global energy storage market is projected to grow at a 33% CAGR through 2030 [1], making clear financial reporting crucial for investors and regulators alike. [2021-03-31 07:43]

33% CAGR through 2030 Performance Obligations: Variable Considerations: bundling Megapack hardware with Autobidder AI software Virtual Power Plants (VPPs): Battery-as-a-Service (BaaS): Carbon Credit Conundrums: $800M VPP project in Australia