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Profitability: The battery storage industry has been fighting for years to abolish the construction cost subsidies with which it has to contribute to the grid operators' investments. The costs can quickly run into the millions and prevent projects from going ahead. A court has now ruled that the calculation method for battery storage systems is unlawful. It still needs to be clarified exactly what happens next.
2024 is a key year for the storage industry. Florian Antwerpen, founder and Managing Director of Kyon Energy, provides insights into the most important developments.
Large-scale battery storage systems play a key role in the energy transition: With their wide range of applications, they compensate for fluctuations in the electricity grid and prevent power overloads. However, one aspect that has received little attention to date is their economic added value. How can this potential be measured?
Executives from Europe-based developers/IPPs Aquila Clean Energy EMEA, Kyon Energy and BayWa r.e. look back at the major energy storage trends in 2023 and ahead to 2024.
A study predicts that storage capacities will multiply by 2030 - without any subsidies. Berlin wants to support the expansion with a storage strategy.
The energy transition poses major challenges for electricity grids in particular. With an ever-increasing feed-in of volatile renewable generation plants and growing electrical consumption, flexibility in the system must be significantly increased. Storage systems can play a key role in this.