Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.

The German parliament has passed law amendments giving energy storage its own legal definition, in a move welcomed by industry sources.

European battery energy storage deployments are expected to plateau over 2024-27 due to lithium-ion scarcity whilst the continent will need 200GW by 2030 to accommodate additional renewables, according to a new report and webinar.

German battery energy storage system (BESS) project developer Tricera Energy has built its business using ‘second use’ battery modules from the country’s automotive sector, its COO told Energy-Storage.news.

Norway-headquartered renewable energy group Statkraft is not taking the same bullish approach to Germany’s standalone utility-scale battery energy storage market as others, the company’s head of wind & solar Germany Clause Urbanke told Energy-Storage.news.

The German utility-scale storage revenue stack for new projects has been totally reshaped by recent events and regulatory changes as the market moves to 100MW-plus ticket sizes, local developer ECO STOR told Energy-Storage.news.

Buyers of energy storage solutions (ESS) in Germany do not yet see a need for flow batteries for medium duration storage, an ESS provider tells Energy-Storage.news, with many set on the potential of green hydrogen.

Industrial battery storage systems can lower electricity costs for the facilities they are installed at, but could also help manage the cost of power for all consumers.

News from around the world in energy storage.