Volkswagen headquarters in Wolfsburg, Germany
Image: Vanellus Photo, Wikimedia Commons
From pv magazine ESS news place
With demand for energy storage systems in Europe expected to soar in the coming years, the Volkswagen Group is diversifying its activities in an effort to secure its share of the fast-growing market.
Last week, Europe’s largest automaker announced its entry into the commercial and industrial (C&I) energy storage space with its established EV charging and energy brand Elli.
Together with partners across the value chain, Elli will develop, build and operate massive industrial-scale battery energy storage systems. The first Elli battery storage projects could be set up and used as early as next year “to supply customers and for arbitrage transactions in the electricity market,” the company said.
The largest projects in the Elli project pipeline currently have a capacity of up to 350 MW and a storage capacity of 700 MWh. Such projects would almost double the total storage capacity installed in Germany, which currently stands at around 1 GWh.
“Germany and Europe need sufficient storage solutions to meet increasing demand and to compensate for the volatile input of renewable energy sources. Our investment in stationary battery storage systems therefore makes an important contribution to the sustainable transformation of energy supply,” says Thomas Schmall, Volkswagen Group Board Member for Technology.
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