How do we achieve the goal to reduce the CO2 emission by 80 % to 95% until 2050 and how can we economic, safe and sustainable energy system?
The dramatic and nearly instant change in the energy production won’t be achieved just by building wind turbines and photo-voltaic systems.
Electrical energy storage is becoming increasingly relevant to integrate volatile renewable energy systems and provide system services to stabilize operations of the electrical grid. This concludes to the fact that our energy system shall be secure, economic and efficient to operate. Storing energy is not new, yet providing energy storage at a local level in a cost-efficient manner is the tipping point that has led to a recent strong development of this market. With storage operations becoming very popular in the residential field, the question was what the business cases for industrial scale applications are on the rise and can be utilized practically.
In the innovation project we have introduced the business scope of storage to our scope of business an can now clearly outline the technical and commercial challenges with partners and customers. Until now we have mainly seen distributed storage systems being utilized for primary reserve services and increasing the self consumption degree of renewable energy assets.
Overall we could identify that the IRR of many distributed energy storage applications can be valued with 20 percent or more for grid or industrial related applications. These can yet only be identified and utilized when aspects of energy costs, system utilization, smart meter data and demand response are combined in an integrated the “storage application platform” where we have leveraged the untapped potential of storage system for frequency regulation, black start capability, renewable energy integration, peak shaving, price arbitrage, voltage control and grid optimized operation.
