German storage system proves batteries ‘profitable without subsidy’

German storage system proves batteries ‘profitable without subsidy’

Three companies have inaugurated a 22MW battery energy storage system at Cremzow, in the German state of Brandenburg, in order to provide frequency regulation services to the country’s Primary Control Reserve (PCR) market.
According to energy-storage, German wind developer Enertrag, Switzerland-based energy storage solutions company Leclanché and Enel Green Power (EGP) Germany, a subsidiary of Italian power giant Enel, built the €22 million (US$24.58 million) Cremzow storage system to offer primary control energy services and help stabilise the German grid. The project, Enel’s first battery in Germany.
Batteries have been an important introduction to the PCR market and they already provided around 200MW – amounting to roughly 31% of the market. By providing grid balancing services and helping to back up energy supply from renewable energy sources, the latest battery system demonstrates that batteries are “profitable without subsidies”, said Jörg Müller, CEO of Enertrag.
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Source:ow.ly/ly1F50ulDUu
Photo:ow.ly/pLuS50ulDUv
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Date: May 22, 2019 @ 00:00

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