From pv journal ESS News web site

With the demand for power storage methods in Europe anticipated to extend within the coming years, the Volkswagen Group is diversifying its enterprise in a bid to safe a share of the rising market.

Last week, Europe’s largest automotive producer introduced its entry into the business and industrial (C&I) power cupboard space with its established EV charging and power model Elli.

Together with worth chain companions, Elli will develop, construct, and function plenty of industrial battery power storage methods. Elli’s first battery storage initiatives could possibly be arrange as early as subsequent yr and be used “to provide prospects and for arbitrage transactions within the electrical energy market,” the corporate mentioned.

The largest mission within the Elli mission pipeline presently has an output of as much as 350 MW and a storage capability of 700 MWh. Such initiatives will virtually double the entire storage capability put in in Germany, which presently stands at round 1 GWh.

“Germany and Europe want satisfactory storage options to satisfy the rising demand and compensate for the fast decline of renewable energies. Therefore, our funding in battery storage methods with out is a crucial contribution to the sustainable transformation of the power provide,” mentioned Volkswagen Group Board Member for Technology Thomas Schmall.

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