How will a pumped storage power plant contribute to the energy transition?

The company is making a significant contribution to the energy transition and is continuing its corporate transformation towards more renewable energy generation. By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany.

How is energy storage transforming the energy industry?

Advances in digital technologies such as artificial intelligence, blockchain, and predictive analytics are enabling innovative energy storage business models. Energy storage is increasingly being used as a service by industrial energy consumers to incorporate renewable energy and address energy demands more efficiently. Download our list here.

Why is energy storage important?

Energy storage systems allow for effective utilisation and decentralised production of renewable energy such as wind and solar power by storing the surplus energy generated during peak periods and releasing it when needed. This ensures grid stability and reliable power supply at lower costs.

What is a battery energy storage system?

Battery Energy Storage Systems (BESS) are emerging as a critical component of modern data center infrastructure. By providing service to your operation’s power grid, as well as secondary backup support, BESS can help improve energy reliability while reducing the reliance on fossil fuels.

Why should we invest in a pumped storage power plant?

By storing energy, the pumped storage power plant will contribute to greater security of supply in southern Germany. This investment is part of our previously announced strategy to invest in growth and transformation towards a greener business.

Why do data centers need energy storage?

Backup Power: In the event of an outage, BESS can provide backup power to keep data centers operational, minimizing downtime and data loss. As data center developers face the newer challenges of AI and the processing needs of larger applications, energy storage will play an increasing role in providing reliability and sustainability.