Does a power contract cover energy storage?

There are several energy storage models, each requiring different approaches to product definitions and performance parameters. The most prevalent model appears to be storage combined with a solar project, where the two are treated as a single system. Therefore, the power contract covers both. There is a natural synergy.

What will happen to energy storage and co-located generating facilities?

There will invariably also be policy changes and changes in subsidies and incentives for both energy storage and any co-located generating facilities.

What is energy storage PPA?

There are mixed approaches to setting the term for energy storage PPAs. Some forms of energy storage are considered to have a longer useful life than the related generating source. In a battery system, for example, individual batteries can often simply be replaced and the unit will carry on.

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.

Should energy storage units be regulated under the Federal Power Act?

The PPA will need to be clear regarding the rights to each product and service if a single offtaker will not be entitled to all of the multiple revenue streams. To date, there is a lack of clear precedent about how energy storage units are to be regulated under the Federal Power Act.

Does a power contract cover a solar system?

Therefore, the power contract covers both. There is a natural synergy. The storage system, which is typically comprised of batteries, can charge from the solar system and then provide back-up electricity at times of no or low sunlight.