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Applying IFRS - Accounting for battery energy storage systems (BESS)
IFRS accounting for BESS arrangements depends on whether they involve an asset, lease, service, financial instrument or separate entity.
Battery energy storage systems are rapidly becoming strategically important assets in the energy transition. This publication is one of the first comprehensive guides that connects the commercial realities of BESS with the full spectrum of IFRS accounting outcomes, helping readers navigate ownership structures, leases, financial instruments, revenue models and hybrid arrangements before these issues become mainstream. For finance, accounting and energy professionals, understanding BESS accounting today is an opportunity to stay ahead of tomorrow’s reporting challenges.