German energy storage power supply

Does Germany need energy storage systems?

While around 254 terawatt-hours (TWh) of electricity were generated from renewable energy in Germany in 2022, 600 TWh of electricity are expected to come from renewable sources by 2030. Germany is particularly dependent on a market ramp-up of energy storage systems, especially battery storage systems. What role do energy storage systems play?

Why is a battery storage system important in Germany?

The flexibility of the German electricity grid is essential to meet the challenges of the energy transition. Large-scale battery storage systems play a crucial role in stabilizing the grid and making efficient use of renewable energies.

Why is Germany relying on large-scale battery storage systems?

Germany is relying on the massive expansion of large-scale battery storage systems to drive the energy transition forward and ensure security of supply. (see electricity storage strategy of the BMWK). These storage systems are at the heart of stabilizing fluctuating electricity generation from renewable sources such as wind and solar.

What is the business model for a German energy storage system?

Therefore the business model for a German energy storage system is slightly different to business models in other markets. The key business models in Germany comprise: Improvement of reliability of electricity supply for industrial production.

Will Germany add more power storage projects in 2023?

Germany will likely add many more projects in the coming months, as the federal government increasingly focuses on storage solutions. In December 2023, the Federal Ministry for Economic Afairs and Climate Action (BMWK) published its “Power Storage Strategy” to accelerate the development of new capacities.

Will demand for power storage increase in Germany?

Given these market forces and the increasing extension of the Energiewende into mobility and heating, German energy industry experts surveyed by the Centre for European Economic Research (ZEW) expect demand for power storage to increase substantially in the years to come.