How will a pumped storage power plant contribute to the energy transition?

The company is making a significant contribution to the energy transition and is continuing its corporate transformation towards more renewable energy generation. By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany.

What is electricity storage & why is it important?

Source: U.S. Energy Information Administration. Electricity storage can be deployed throughout an electric power system—functioning as generation, transmission, distribution, or end-use assets—an advantage when it comes to providing local solutions to a variety of issues.

Could a concentrated solar power plant help stabilize the electric grid?

Concentrated solar power plants could help stabilize the electric grid. The Department of Energy recently announced funding for a pilot project based on this concept. While batteries are useful for short-term energy storage, utilities also need to store a lot of energy for indefinite amounts of time.

How do stationary energy storage systems work?

Batteries and an electronic control system are at the heart of how stationary energy storage systems work. Batteries are where the energy is stored within the system in the form of chemical energy, and lithium is the most popular element used to store the chemical energy within batteries.

Why should we invest in a pumped storage power plant?

By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany. This investment is part of our previously announced strategy to invest in growth and transformation towards a greener business.

Who needs energy storage solutions?

Utilities, power producers and grid operators: Already an area where an increasing amount of installed capacity exists. Energy storage solutions address a range of customer challenges including intermittent renewables, peak demand and short outages.