Microgrid storage project financing options in Germany 2030

Can electricity storage systems be funded under the EEG?

Up to now, it has not been possible to receive funding under the EEG for electricity from electricity storage systems that are connected to the grid. As the electricity is stored from the grid, the storage volume includes a proportion of electricity from non-renewable energy sources.

How much energy will Germany install in 2023?

Germany added 6.1 GWh of installations in 2023, and for 2024, new installations are projected to grow by 17%, reaching approximately 7.1 GWh. Additionally, Germany led Europe in residential energy storage, installing 555,000 units (5.0 GWh) in 2023: a 166% YoY growth—accounting for 52.6% of Europe’s new installations.

Can energy storage be used for grid relief and load shifting?

By comparison, 251 TWh was generated from renewable energies in 2023. In order to be able to use the electricity at times when consumption exceeds production, a rapid expansion of systems for storing electrical energy is required. The paper sees electricity storage primarily as short-term storage for grid relief and load shifting.

How does Bess support Germany's energy transition?

By ensuring energy resilience, reliability, and sustainability, BESS aligns with Germany’s vision for a carbon-neutral future and sets a benchmark for the global energy transition. Enabling Germany's Energy Transition requires an economically sustainable model to attract necessary private capital.

How much green electricity will be needed by 2030?

This will require around 600 TWh of green electricity by 2030. By comparison, 251 TWh was generated from renewable energies in 2023. In order to be able to use the electricity at times when consumption exceeds production, a rapid expansion of systems for storing electrical energy is required.

How many battery storage systems are installed in Germany?

Battery Storage Boom: 1.2 Million Systems Installed Notably, battery storage systems, also essential for Germany’s renewable energy transition, constitute a significant component of this ecosystem, with 1.2 million installed systems.