Recording of Wednesday, June 19, 2024 | The smarter E Europe | Conference Program | Language: English | Duration: 16:22 .

Why Germany is Europe’s Hottest Market for Battery Storage Systems: An In-Depth Analysis from Benedikt Deuchert of Kyon Energy Finance GmbH

Benedikt Deuchert, Head of Business Development and Regulatory Affairs at Kyon Energy, discusses why Germany is currently the hottest market in Europe for large-scale battery storage systems. Benedikt elaborates on Kyon's core business of developing these front-of-the-meter assets exclusively within Germany. Their activities include securing building permits, land development, grid access, business model creation, and optimization concepts to ensure profitable investments. Recent trends show significant expansion in the German renewable energy sector alongside a decline in thermal generation (coal and gas). This transition necessitates substantial investment into storage solutions due to increased electricity demand driven by electrification trends such as heat pumps and electric vehicles. Kyon was recently acquired by Total Energies with plans to invest significantly in the German market. They aim to secure around one and a half gigawatts worth of battery capacity under their asset base while collaborating with external partners. Consultancy firm Enavis projects that Germany will require about 9.5 gigawatts of large-scale battery storage by 2030 due to growing renewable integration pressures on the grid system. Despite some regulatory challenges remaining, investing now promises excellent returns owing to favorable conditions created by these megatrends.

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Speaker

Benedikt Deuchert
Head of Business Development and Regulatory Affairs
Kyon Energy Finance GmbH
Germany

Talk of session: Europe's Hottest Energy Storage Markets: Established Heavyweights and Exciting Newcomers

In June 2024, Munich will host the European Championship - not just for soccer, but also for energy storage markets. To determine the 2024 European Energy Storage Champion, we will examine each nation's strengths and weaknesses when it comes to the market potential for energy storage deployment, both today and in the near future. Will heavyweights like the UK, Germany and Italy take the crown? Will Spain or the Netherlands deliver on their promises? And what about exciting newcomers like Poland, Greece or the Nordics? Join us for this panel of market experts to determine the European champions - and cheer on your team to victory.

Further Talks of this session:

Welcome and Introduction

Speaker

Anna Darmani
Lead Analyst, Energy Storage Europe
Wood Mackenzie
United Kingdom

To Talk

BESS in Italy: A Regulated Approach to Deployment

Speaker

Alexa Strobel
CEO
Field Energy
Germany

To Talk

Standalone BESS in Greece: An Investigation of the DAM Arbitrage-Based Revenue Model for Prospective Merchant Installations

Speaker

Haralambos Panagopoulos
Senior LP Planner
HELLENIC PETROLEUM R.S.S.O.P.P. S.A.
Greece

To Talk

Golden Era to Invest in BESS in European Markets

Speaker

Sepehr Soltani
Analyst
Rystad Energy
Norway

To Talk

Policy, Market-Design and Power Market Fundamentals Effect on Battery Profitability

Speaker

Eva Zimmermann
Associate Flexible Energy
Aurora Energy Research
Germany

To Talk

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