MUNICH & PFORZHEIM, Germany - Tuesday, 04. June 2024 AETOSWire
(BUSINESS
WIRE) -- Battery storage is booming. According to a study by Frontier
Economics, the volume of grid-connected storage in Germany alone could
increase to 60 gigawatts (GW) or 271 gigawatt-hours (GWh) by 2050. This
is forty times the current storage capacity. Similar dynamics in cost
reduction and installation speed are expected as seen with photovoltaics
(PV) in recent years. Soon, battery storage will fundamentally change
energy supply. The latest technologies, trends, and market developments
will be showcased at ees Europe, Europe’s largest and most international
exhibition for batteries and energy storage systems. It will take place
from June 19 to 21 as part of The smarter E Europe, Europe’s largest
alliance of exhibitions for the energy industry, in Munich. Around 3,000
exhibitors and over 115,000 visitors from around the world are expected
in 19 exhibition halls and an outdoor area.
The growth of
grid-connected storage brings enormous advantages to the energy system
and offers economic benefits. The expansion of large-scale storage can
significantly reduce the need for new gas power plant investments in
Germany by up to 9 GW. This expansion also contributes significantly to
reducing CO2 emissions. The key point: this growth is purely
market-driven and does not rely on government subsidies.
Short-term storage enables system transformation
Battery
storage increasingly assumes critical roles in ensuring a reliable
power supply and stabilizing power grids. Large battery storage systems
ensure voltage control, provide immediate reserve capacity, and
facilitate black start capability, playing a part in congestion
management. They can balance fluctuations in the grid within seconds and
store energy for hours or days. The black start capability of storage
systems is crucial in emergencies.
Moreover, storage systems can
mitigate the effects of delayed grid expansion. They help optimize the
utilization of the limited grid infrastructure, allowing more facilities
to be connected. This enables more capacity and additional PV
installations despite limited grid connection capacity. Another benefit:
battery storage increases the market value of renewable energy. Green
electricity can be stored when market prices are low and fed into the
grid when demand is high and electricity prices are correspondingly
high.
International storage revolution
Worldwide,
exponential growth in battery storage is evident. Experts predict that
global production capacity will rise to 500 GWh per year by 2025. In
markets such as Australia, the USA, and India, tenders for new wind or
solar capacities have been coupled with storage for years. In Germany,
the speed of expansion and the installed storage capacity are still
modest. However, this year, battery storage systems in Germany will
surpass pumped storage systems in installed capacity for the first time.
Setting the right framework
To
make stationary storage of all sizes attractive, a favorable market
environment and simple regulations are needed. Market-driven expansion
must continue to be enabled and improved. Modern framework conditions
for battery storage should be set through reforms in grid fees, flexible
electricity tariffs, or the introduction of contracts for difference.
ees Europe
Every
year, ees Europe, Europe’s largest and most international exhibition
for batteries and energy storage systems, provides a networking
opportunity for the industry’s key players – all under the motto
“Innovating Energy Storage”. It focuses on the latest technologies,
trends and market developments. ees Europe will take place from June
19–21, 2024 as part of The smarter E Europe at Messe München.
For more information: www.ees-europe.com
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Contacts
ressourcenmangel an der Panke GmbH
Roberto Freiberger
roberto.freiberger@ressourcenmangel.de
Solar Promotion GmbH
Peggy Zilay
zilay@solarpromotion.com
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