German bess Co Ltd Bilder

Acquisition structure of the battery storage project in Germany. Located in Thuringia, Germany, the BESS (10MW/13MWh) consists of lithium-ion battery cells and is

What does Bess stand for?

Newly-launched battery energy storage systems (BESS) developer Voltwise Power has acquired its first shovel-ready battery energy storage system (BESS) project in Germany, a 56-MW utility-scale project in North Rhine-Westphalia. Battery energy storage system (BESS). Image source: Voltwise.

Is this Germany's biggest Bess project?

In November, developer Kyon Energy got approval for a 137.5MW/275MWh BESS project in Germany’s Lower Saxony region, and while it might not be the biggest BESS in Europe as Kyon claimed, it was the biggest in Germany to date. Another developer, Eco Stor, however, is also planning two projects of 300MW/600MWh each in the country.

When will a Bess project start?

The 2-hour BESS project in Alfeld, Lower Saxony, today (13 November) is scheduled to start construction in 2024 for a commissioning by the end of 2025. Developer Kyon Energy has received approval for a 135MW/275MWh battery storage project in Germany, its second in quick succession.

Where is the Bess battery storage project located?

Located in Thuringia, Germany, the BESS (10MW/13MWh) consists of lithium-ion battery cells and is connected directly to the electricity grid. It is scheduled to become operational in the second half of 2024. Tion will acquire 90% of the battery storage project in two phases; the project developer and seller will remain invested with 10%.

Why is Bess a key flex provider in Germany?

There are strong incentives to balance wind & solar output ahead of delivery in Germany and BESS assets are a key flex provider to enable this. Volatility in both the Day-Ahead and Intraday markets in Germany is being supported by an increasing incidence of low & negative prices as RES penetration increases.

How did German Bess perform in Q1 2024?

Q1 2024 was challenging for German BESS, with achieved revenues plunging below 100 €/kW/yr as a mild winter & weak gas prices took hold, as shown in Chart 1. However German BESS assets have seen a sharp revenue stack recovery across Q2-Q3, with revenues back above 150€/kW/yr levels in Q3.