ees Europe: Battery storage – Power banks for the energy transition

MUNICH AND PFORZHEIM, Germany–(BUSINESS WIRE)–June 4, 2024–

Battery storage is booming. According to a study by Frontier Economics, in Germany alone, the size of grid-connected storage could grow to 60 gigawatts (GW) or 271 gigawatt-hours (GWh) by 2050. That’s forty times the current storage capacity. Similar dynamics of cost reduction and installation speed are expected as in the case of photovoltaics (PV) in recent years. Battery storage will soon fundamentally change the way energy is supplied. The latest technologies, trends and market developments will be presented at ees Europe, Europe’s largest and most international exhibition of batteries and energy storage systems. They will take place on June 19-21 in Munich as part of The smarter E Europe, the largest alliance of exhibitions for the energy industry in Europe. Around 3,000 exhibitors and over 115,000 visitors from around the world are expected in the 19 exhibition halls and outdoor areas.

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Innovations in the field of large-scale storage will be visible at this year’s ees Europe fair. (Photo: Business Wire)

The development of grid-connected storage brings enormous benefits to the energy system and provides economic benefits. The expansion of large-scale storage facilities can significantly reduce the need for new investments in gas power plants 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 is increasingly playing a key role in ensuring reliable power supply and stabilizing power grids. Large battery storage systems provide voltage control, provide immediate reserve capacity and facilitate autonomous starting, playing a role in congestion management. They can balance grid fluctuations in seconds and store energy for hours or days. The ability of storage systems to jump start is crucial in emergency situations.

Moreover, storage systems can mitigate the effects of delayed network expansion. They help optimize the use of limited network infrastructure, enabling more objects to be connected. This enables greater power and additional photovoltaic installations despite the limited capacity of grid connections. 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 high enough.

The international warehouse revolution

There is an exponential increase in battery capacity around the world. Experts predict that by 2025, global production capacity will increase to 500 GWh per year. In markets such as Australia, the USA and India, tenders for new wind or solar capacity have been combined with storage for years. In Germany, the pace of expansion and installed storage capacity are still modest. However, this year battery storage systems in Germany will surpass pumped storage systems in terms of installed capacity for the first time.

Establishing the appropriate framework

To make stationary warehouses 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 defined through network charging reforms, flexible electricity tariffs or the introduction of contracts for difference.

uh Europe

Every year, ees Europe, Europe’s largest and most international exhibition of batteries and energy storage systems, provides networking opportunities for key players in the industry – all under the banner of “Innovative Energy Storage”. It focuses on the latest technologies, trends and market developments. ees Europe will take place on June 19-21, 2024 as part of The smarter E Europe at Messe München.

More information: www.ees-europe.com

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CONTACT: ressourcenmangel an der Panke GmbH

Roberto Freiberger

[email protected] Promotion GmbH

Peggy Zilay

[email protected]

KEY WORD: GERMANY EUROPE

INDUSTRY KEYWORD: ENVIRONMENTAL TECHNOLOGY OTHER ENERGY DEVICES OTHER TECHNOLOGIES SUSTAINABLE ENERGY ALTERNATIVE ENERGY ECOLOGICAL TECHNOLOGY ENERGY BATTERIES

SOURCE: Solar Promotion GmbH

PUB: 06/04/2024 08:49/DISK: 06/04/2024 08:49

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