Batteries, EVs, flexible demand, and links to Nordic hydro will make Germany’s power system cheaper and cleaner – report

Flexible energy options, such as energy storage, smart charging electric vehicles, demand response, and interconnectors are needed to ensure that the energy transition proceeds on an optimal path, according to a Bloomberg NEF report focused on the UK and Germany. In the case of Germany, adding flexibility supports cheap lignite through 2030 even as renewables grow to dominate the market. “To decarbonise, Germany needs to address existing coal generation while investing in renewables, flexibility, and interconnection,” according to a press release. “Still, by 2040, adding more batteries, flexible electric vehicles, and interconnections with the Nordics all enable greater renewable penetration and emissions savings.”

Find the report in English here.

For background, read the dossiers Electricity storage is next feat for Germany’s energy transition and Energiewende hinges on unblocking the power grid.