We constantly see reports about the growth of energy storage, and how, much like solar before, estimates have often been underestimated. This forecast of fast growth in Germany though certainly rings true for us at Hyperion. Energy storage roles in Germany are now the majority of assignments we are working on, some public, some under the radar. For anyone open to discuss how we can assist you or your company in the coming year get in touch. I will be at Energy Storage Europe in Dusseldorf, along with German colleagues.
“Many actors in the market are making strong business cases for large-scale storage,” he said. “In addition, the investment costs for battery storage continue to fall. Finally, although the payments for the primary stabilization market have fallen from €3,600 (USD $3,852) in 2015 to €2,450 ($2,622) per megawatt, payments are still sufficient for a viable business model providing grid stability.” That stability is urgently needed as yet more renewables are added to the German grid. According to Hankeln, fees paid to wind operators for curtailing projections when there’s a power glut costs German consumers around €500 million ($535 million) a year.