Developer Kyon Energy has sold 194.7MW of battery energy storage system (BESS) projects in Germany to investor Obton, including one it recently claimed was the largest in Europe.
Construction is set to begin soon on a 100MW/200MWh battery storage project in Arzberg, Germany, through developer MW Storage and asset manager Reichmuth & Co Infrastructure.
Energy storage could save taxpayers in Germany some €3 billion (US$3.3 billion) in subsidies for renewable energy assets by 2037, simply by increasing demand in the wholesale electricity market.
Developer Kyon Energy has claimed the largest approved BESS in Europe for a 275MWh project in Germany, just as regulators extend grid fee exemptions for energy storage by three years to 2029.
Developer Kyon Energy has secured construction approval for a 2-hour large-scale battery energy storage system (BESS) project in Saxony-Anhalt, Germany.
German-Norwegian firm Eco Stor has revealed another 300MW/600MWh battery energy storage system (BESS) in Germany, with construction planned for the end of 2024.
Germany-headquartered energy firm RWE is installing its first battery storage project in the Netherlands, with a 35MW unit virtually coupled with a biomass plant it operates.
The revenue advantage of 2-hour battery energy storage systems (BESS) in Germany versus 1-hour systems is nearly three times higher than it was two years ago, optimisation firm Entrix told Energy-Storage.news after its latest fundraising round.
