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German power grid battery capacity to grow 21% in 2019 – Team Consult

Power News - Published on Fri, 15 Mar 2019

Image Source: ET EnergyWorld
Reuters reported that Germany's power grid industry is set to expand big battery capacity to 380 megawatts in 2019, up from 314 MW last year and more than double the level of 2017.

German advisory group Team Consult gave its forecast in a presentation during a storage industry meeting in Duesseldorf. It said that turnover in the energy storage industry could grow by 10 percent to 5.5 billion euros (USD 6.2 billion) this year, accelerating from an 8.7 percent increase last year to 5 billion euros.

The total would consist of 3.7 billion euros derived from big batteries, renewable electricity capture, conversion into hydrogen, and from heat storage, while 1.8 billion euros would come from pumped storage plants, which still account for the bulk of existing capacity.

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Posted By : Rabi Wangkhem on Fri, 15 Mar 2019
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