ees Europe: Battery Storage – Powerbanks for the Energy Transition
June 04 2024 - 8:49AM
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.
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Innovations in the field of large-scale
storage can be seen at this year’s ees Europe. (Photo: Business
Wire)
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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ressourcenmangel an der Panke GmbH Roberto Freiberger
roberto.freiberger@ressourcenmangel.de
Solar Promotion GmbH Peggy Zilay zilay@solarpromotion.com