Renewable power group Statkraft shouldn’t be taking the identical bullish strategy to Germany’s standalone utility-scale battery power storage market as others, in keeping with the corporate’s head of wind & photo voltaic Germany.
“We currently do not see a commercial case for standalone utility-scale storage in Germany. There was a short time when these projects were commercially viable in primary reserve, but since this is such a small segment of the market which got exploited quickly, this opportunity doesn’t exist anymore,” Clause Urbanke instructed Energy-Storage.information at ees Europe / Intersolar Munich in mid-May.
Companies growing standalone battery power storage system (BESS) that Energy-Storage.information has interviewed unsurprisingly have a really totally different view. Georg Gallmetzer, managing director of developer ECO STOR, additionally an exhibitor on the occasion, mentioned the business case had improved just lately regardless of a number of headwinds.
Florian Mayr, associate at clear power finance-focused consultancy Apricum, mentioned his firm was being approached by many firms wishing to enter the German market.
“Everyone is seeing that the strong fundamentals are now in place, with the Easter package, all these plans for renewables expansion, all of which is being accelerated by the Russian invasion of Ukraine. It’s a perfect storm. The market is boiling and we want to be there early,” he mentioned.
Echoing Gallmetzer’s feedback, Mayr mentioned there’s a rising alternative for arbitrage and that by 2025, all new PV initiatives would have storage connected.
Germany technique
Statkraft is Europe’s largest generator of renewable power. While that’s primarily hydropower in Norway, the corporate additionally has a big wind, photo voltaic and fuel energy portfolio throughout 19 nations. Statkraft does have a 3MW BESS at a hydropower facility in Germany, with plans to develop at the least two photo voltaic PV-colocated ones.
“Our focus for future storage projects in Germany will be on co-location. It brings certain benefits to co-locate storage with solar or wind parks, like shared infrastructure – e. g. grid connection,” Urbanke mentioned.
One of the 2 German initiatives will probably be by the Innovation Tender, the place federal community company Bundesnetzagentur provided an revenue stream for initiatives combining two or extra low carbon applied sciences, although Urbanke mentioned its requirement for the storage to solely cost from the era asset was not probably the most optimum resolution, one thing echoed by the California grid operator.
On the use instances for storage in the German market and the altering income stack, Urbanke mentioned: “Primary reserve is the market segment that still makes most sense for storage projects in Germany. There are other niche applications, like industrial customers who have storages in use to shave their peak consumption pattern and as a back-up solution. But generally, primary reserve is the main application.”
“It is a bit difficult to foresee how the situation will develop in the next few years. In principle, we do not see a very large need for short-term storage capacity in the European power system. However, there is a certain push by policymakers to incentivise these solutions, for instance through the German Innovation Tender.”
Broader power storage technique for Statkraft
Speaking about Statkraft’s wider strategy to power storage throughout nations, Urbanke mentioned that it’s open to standalone storage initiatives the place business alternatives come up.
“We are looking at several storage projects in different countries where the setup is either standalone or co-location. The technology is typically lithium-ion for short-term storage and optimised in the wholesale market – either as grid service or also in the short-term trading markets,” Urbanke mentioned.
“This is the field in which Statkraft has a real competitive edge, as we are among the largest short-term energy traders in Europe with a large renewable portfolio, but also with a lot of flexible generation capacities which we optimise in our virtual power plant (VPP).”
“We are well positioned to develop storage projects and we do so in those markets where we see the biggest commercial opportunities come up.”
The firm is owned by the Norwegian state and is accountable for the vast majority of Norway’s hydropower belongings.
no business case for standalone utility-scale storage in Germany & More Latest News Update
no business case for standalone utility-scale storage in Germany & More Live News
All this information that I’ve made and shared for you folks, you’ll prefer it very a lot and in it we preserve bringing matters for you folks like each time so that you simply preserve getting information data like trending matters and also you It is our objective to have the ability to get
all types of reports with out going by us in order that we are able to attain you the most recent and greatest information for free so as to transfer forward additional by getting the data of that information along with you. Later on, we’ll proceed
to offer details about extra today world news update sorts of newest information by posts on our web site so that you simply all the time preserve transferring ahead in that information and no matter type of data will probably be there, it is going to undoubtedly be conveyed to you folks.
no business case for standalone utility-scale storage in Germany & More News Today
All this information that I’ve introduced as much as you or would be the most totally different and greatest information that you simply individuals are not going to get wherever, together with the data Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this information, you will get different sorts of information alongside together with your nation and metropolis. You will be capable of get data associated to, in addition to it is possible for you to to get details about what’s going on round you thru us for free
so as to make your self a educated by getting full details about your nation and state and details about information. Whatever is being given by us, I’ve tried to convey it to you thru different web sites, which you’ll like
very a lot and in case you like all this information, then undoubtedly round you. Along with the folks of India, preserve sharing such information essential to your family members, let all of the information affect them they usually can transfer ahead two steps additional.
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links