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.

Will higher capacity prices boost the business case for new power generation?

Source: Lawrence Berkeley National Laboratory (Berkeley Lab) Purchase Licensing Rights Higher capacity prices boost the business case for new power generation as well as keeping existing fossil fuel plants online, Brynna Foley, Associate, Research at data provider Enverus, told Reuters Events.

How do long-term power purchase agreements affect prices?

The price of long-term power purchase agreements (PPAs) with commercial offtakers and utilities are influenced by a number of drivers and developers will factor in capacity payments over a longer period when negotiating prices, Foley noted. However, the auction highlighted the tightness in the market.