Deutsche Electric Investment Co Ltd Energiespeicherkooperation
*1 Investment by RJ Energy in the Hezhou Company via an intermediate investment company *2 Overview of JM Energy . Company name: JM Energy Co., Limited . Location: Hong Kong . Date established: May 5, 2010 *3 Overview of RJ Energy . Company name: Resources J Energy Investment Limited. (Chinese name: 潤捷能源投資有限公司)
What is energy storage in Germany?
Energy storage systems are an integral part of Germany’s Energy Transition (Energiewende). While the need for energy storage is growing across Europe, Germany remains the lead target market and the first choice for companies seeking to enter this developing industry.
What is Germany's energy trading platform?
They are the platform for trading with climate-friendly energy sources. They also focus on exchanging technology and making supply chains broader and more climate-friendly. Germany and its partner countries are driving the energy transition forward together and are improving the energy supply.
How can large battery systems improve Germany's energy infrastructure?
To integrate the large amounts of wind and solar energy safely into the existing grid, large battery systems will play an import role in Germany’s future energy infrastructure. These are well suited to providing control power to stabilize grid frequency. At present, several demonstration and commercial projects have been put in operation.
How much does electricity cost in Germany?
These systems will continue to generate electricity at near to zero cost – whereas power drawn from the grid costs around 30 cents per kWh [For details, read the factsheet What German households pay for power].
What will Germany's energy storage industry look like in 2018?
Total sales are expected to rise around ten percent in 2018 to 5.1 billion euros, according to the German Energy Storage Association BVES. The German government wants to put the growth of the industry to use during the coal exit currently being planned by the country’s coal commission, by attracting battery cell production to coal mining areas.
