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.

Why is energy storage important?

Energy storage systems allow for effective utilisation and decentralised production of renewable energy such as wind and solar power by storing the surplus energy generated during peak periods and releasing it when needed. This ensures grid stability and reliable power supply at lower costs.

Why should we invest in a pumped storage power plant?

By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany. This investment is part of our previously announced strategy to invest in growth and transformation towards a greener business.

How is energy storage transforming the energy industry?

Advances in digital technologies such as artificial intelligence, blockchain, and predictive analytics are enabling innovative energy storage business models. Energy storage is increasingly being used as a service by industrial energy consumers to incorporate renewable energy and address energy demands more efficiently. Download our list here.

What is pumped storage & why is it important?

Pumped storage is by far the most proven large-scale energy storage technology. They are emission-free, inherently sustainable and make an important contribution to grid stability and security of supply – enabling the integration of fluctuating solar and wind power and thus paving the way for the energy transition.

What is the future of energy storage?

The global momentum towards energy efficiency and decarbonisation, grid modernisation, the transition to smart grids, the widespread adoption of electric vehicles (EVs), increasing rooftop solar installations, and the growing desire for energy self-sufficiency are driving the future development and deployment of energy storage technologies.