What is the business model for a German energy storage system?

Therefore the business model for a German energy storage system is slightly different to business models in other markets. The key business models in Germany comprise: Improvement of reliability of electricity supply for industrial production.

What is Germany's electricity storage capacity?

They still make up the largest share of the electricity storage capacity in Germany; about 30 projects commissioned between 1926 and 2004 provide a total capacity of about 7 GW. The majority are operated by utilities and they principally provide time-shifted electricity supply and balancing energy.

Should you consider a home storage system in Germany?

Regional subsidies – it pays to be quick and informed! The first point of contact for anyone considering an electricity storage system should be their federal state-regional funding for home storage systems in Germany offers a wide and dynamic range of options, with new programs being set up all the time.

How is energy storage funded in Berlin?

Investments in electricity storage in connection with newly installed photovoltaic systems are also being funded in Berlin through the “EnergiespeicherPLUS” program. If you meet all the initiative’s requirements, 300 euros per kWh of storage capacity can be funded – up to 15,000 euros.

How much does energy storage cost?

However, although energy storage costs have fallen sharply in recent years, for most people it’s still too expensive without subsidy programs: each kilowatt hour (kWh) of storage capacity costs around 1,100 euros.

What is energy storage?

The term energy storage relates to the various types of storage solutions which can store different types of energy. The following systems can be distinguished: thermal storages.