September 26, 2024 08:08 GMT
POWER: Think Tank Ember Calls for Faster Battery Rollout in EU, Germany
POWER
Think Tank Ember is stressing the importance of a quicker rollout of battery storages in the EU and Germany due to growing renewables generation, especially during peak hours, that is causing negative prices, cited by Reuters.
- "More battery storage can help Germany take advantage of abundant home-grown solar to replace expensive fossil fuels”, Beatrice Petrovich, senior analyst at Ember, said.
- "We haven't seen the same ambitious strategies from the EU that are in place for renewables ... for battery storage and other clean flexibility solutions” Petrovich said.
- Germany could have avoided up to €2.5mn in natural gas imports in June with 2GW of additional battery storage, Ember said.
- Germany is planning to add 3.7GW of new grid batteries by 2027.
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