Heralding the Large-Scale Storage Transition in Germany

Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 20:55 .

Energy Transition Challenges and the Future of Battery Build-Out in Germany Discussed at Industry Presentation

The focus shifts to discussing Germany's position as a frontrunner in energy transition amidst rapid industry changes. Emphasizing the fallibility of energy outlooks, particularly evident with unexpected trends in PV build-outs and coal phase-outs, the speaker stresses understanding market dynamics driven by persistently falling cost curves across multiple sectors. This interconnection creates positive feedback loops—such as cheaper renewables leading to better business models for batteries—which accelerates transitions. Highlighting Tony Sibas' work on S-curves (representing non-linear adoption of new technologies), he draws parallels with markets like digital cameras. Examining Germany's battery market forecasts shows significant underestimations; however, recent developments including regulatory opportunities have catalyzed battery deployment. Despite fluctuating FCR prices impacting initial progress, strong developer interest from 2022 onwards suggests promising future growth without relying heavily on government funding schemes.

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Speaker

Georg Gallmetzer
Managing Director
ECO STOR GmbH
Germany

Talk of session: A Gigawatt-scale Revolution - Outstanding Energy Storage Projects in Europe

The era of "mega" and "giga" batteries has finally arrived in continental Europe, with hundreds of MW or even GW range-projects being announced on a regular basis. At the same time, durations are also increasing as revenue stacking becomes increasingly important with ancillary services saturating in key markets. Energy storage projects that enable "virtual transmission" are also growing in importance to address grid congestion as more and more renewables come online. Solutions are being sought across the continent for cost control, energy security and increased sustainability. In this session, we will take a closer look at some of the most interesting energy storage projects that reflect key industry trends in Europe, examining their set-up, drivers, economics, challenges and significance for the energy storage sector.