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A major Belgian electricity producer and energy supplier engaged LCP Delta to support the development of a new Battery Energy Storage System (BESS) project. Seeking to benchmark their proposal against the evolving national landscape, the client required a detailed overview of competing projects to inform internal decision-making and advance their investment case. Our independent analysis provided the insight needed to shape their development strategy and secure project momentum.

Client needs and key question(s)

The client’s objective was to gain a clear understanding of how their planned project compared to other battery storage developments in Belgium. Key questions included:

  • How do competing battery storage projects compare in terms of cost, timeline, and technology?
  • What are the typical permitting requirements, challenges, and risks across the market?
  • What are the technical characteristics of other projects, and how are they participating in market opportunities?

What we did

LCP Delta delivered a market benchmarking analysis covering the full lifecycle of battery project development in Belgium. This included:

  • CapEx benchmarking: Leveraged proprietary cost databases and modelling to compare project capital expenditure levels.
  • Development timelines: Mapped planning, permitting, construction, and commissioning timelines for existing and upcoming projects.
  • Permitting and regulatory analysis: Reviewed permitting status, potential objections, and the number of approvals required.
  • Technical benchmarking: Compared technology providers, configurations, and market participation strategies across known projects.

This intelligence was compiled into a concise briefing for senior stakeholders, designed to inform go/no-go decisions and risk mitigation planning.

The results

Following our analysis, the client advanced their project, which has since progressed to the permitting stage for a 100MW / 400MWh battery system in Ghent.

Considering a battery storage investment or development in Europe?

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