Elli Enters the Industrial Energy Storage Business

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• Stationary large-scale storage programs are an necessary element in tomorrow’s power system. The demand for storage options will improve all through Europe within the coming years, with specialists anticipating development by an element of 100 in Germany alone.
• Elli will develop and function power storage tasks on an industrial scale along with companions. The corporate is thus opening up a brand new enterprise space and additional increasing its vary of power providers.
• In step one, particular person tasks with as much as 350 MW of capability and 700 MWh of storage capability are deliberate. A primary storage challenge may very well be launched in Germany as early as 2025.

Wolfsburg. The Volkswagen Group is getting into a brand new enterprise section with the Elli charging and power model and can develop, construct and function large-scale stationary storage programs along with companions alongside the worth chain. Sooner or later, Elli’s industrial power storage programs might be used to provide clients and for arbitrage transactions on the electrical energy market. On this manner, Elli is driving the transformation into a sensible power firm and making a big contribution to stabilizing and growing the effectivity of the facility grids. First Elli battery storage tasks may very well be arrange as early as subsequent yr.

The biggest tasks within the Elli challenge pipeline presently have a capability of as much as 350 MW and a storage capability of 700 MWh. Such tasks would nearly double the overall storage capability put in in Germany, which presently quantities round one GWh. “Germany and Europe need sufficient storage solutions to meet the increasing demand and to compensate for the volatile feed-in of renewable energies. Our investment in stationary battery storage systems is therefore a significant contribution to the sustainable transformation of the energy supply,” says Volkswagen Group Board Member for Know-how Thomas Schmall.

The necessity for storage options is big: In 2023 alone, round 10,500 GWh weren’t generated from renewable electrical energy sources in Germany on account of a scarcity of intermediate storage choices.⁰¹ This quantity of electrical energy would have been sufficient to energy greater than 3.2 million electrical automobiles with electrical energy from renewable sources for a yr. With the intention to compensate for the volatility of renewable energies, Fraunhofer Institute estimates a requirement for battery storage programs of over 100 GWh by 2030.⁰²

By getting into the enterprise of business power storage, Elli confirms its main position within the mobility and power transition. “We see high financial potential in this business area and the opportunity to develop Elli into a holistic energy provider in Europe,” explains Giovanni Palazzo, CEO Elli.

You could find out extra about charging and power here and at www.elli.eco.

Press launch from Volkswagen Group.