Recording of Wednesday, June 19, 2024 | The smarter E Europe | Conference Program | Language: English | Duration: 16:22 .
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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Benedikt Deuchert
Head of Business Development and Regulatory Affairs
Kyon Energy Finance GmbH
Germany
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.
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