Shortly before the turn of the year, we at Kyon Energy look back on an eventful year - one that was characterized by a strong growth course for us. The growing demand for renewable energies and an independent energy supply has also brought the need for storage options in the German electricity market more into focus in the energy transition discussion. This year, we successfully grew from the resulting challenges and were able to jointly implement trend-setting and strategically valuable projects.
>120 MW battery storage realized & >1 GW in project pipeline
We were able to celebrate several milestones together in the project development. After almost one and a half years of planning and implementation, we connected our first battery storage system to the power grid in September. And that was just the beginning! By the end of the year, five more storage facilities had followed, one after the other. This enabled us to put a total of over 120 megawatts of storage capacity into operation. In 2022 alone, we will be responsible for around 20% of the 500 MW of storage capacity added in the entire market. For us, this is a huge achievement that has enabled us to further consolidate our position in the market and, above all, make an important contribution to the energy transition and the establishment of an independent and crisis-proof power supply.
Similarly, we have also been working at full speed to further expand our project pipeline. With over one gigawatt of storage capacity now in development under building law, we tripled it this year.
Setting the regulatory course for 2023
2022 also focused on the aspect of exchange. At conferences such as the ESGC, the BVES Congress and enspired, we met with experts from the battery storage industry to discuss the most important developments in the market. Topics such as the further development of electricity market design and the role of energy storage in the energy system have formed central points of discourse. We are eagerly looking forward to 2023 - a year in which many decisions could be made about how large-scale battery storage and other energy storage systems will be integrated into the energy system. This makes it all the more important for us to meet with the industry and discuss possible course settings for the most sensible integration possible. After all, in addition to successful project development, we are also focusing a great deal on actively helping to shape the regulatory framework so that the full potential of battery storage systems can be meaningfully exploited in the future.
New offices & many new employees
But we've also seen a lot of internal change. Since the beginning of the year, we have grown threefold. Together we have moved into our new office in the heart of Munich and because we will grow even more next year, we have directly expanded our office space and already prepared everything for the new year in a joint screw action.
Numerous team events and after-work events have allowed us to grow even closer together as a team in addition to our work, which has been directly reflected in our collaboration. We are proud of what we were able to achieve as a team at Kyon Energy this year and of the contribution each and every one of us made to this success.
We look forward to the year 2023 with excitement
Overall, we look back on a successful and instructive year with many challenges but also major milestones, and are equally excited about the developments that the new year will bring.
In 2023, we look forward to continuing and expanding the partnerships we have successfully established with key players in the industry, and to further advancing the energy transition and independence in Germany through new projects. In 2023, we hope to see far-reaching developments in the regulation of energy storage systems in order to further consolidate their role in the electricity market and the energy transition. We are optimistic about the future and look forward to continuing to play an active role in the energy transition with our battery storage projects.