- Battery storage plant in Kettig, Rhineland-Palatinate approved and sold to VERBUND
- The project provides 50 megawatts of storage capacity and 116 megawatt hours of storage capacity for the German power grid
- Implementation of the storage project is planned by early 2026
Munich, February 05, 2024. Kyon Energy, leading project developer for large-scale battery storage in Germany, has received approval for a new large-scale battery storage plant in Rhineland-Palatinate. The planned plant will be built in Kettig and will have a storage capacity of 50 megawatts and a storage capacity of 116 megawatt hours. Construction of the plant is planned to start in 2025, with commissioning to follow by the end of 2025/beginning of 2026.
The project was sold in December 2023 to Austria's leading energy company VERBUND, which will operate the plant on a long-term basis after commissioning. The storage plant in Rhineland-Palatinate is thus part of a comprehensive joint framework agreement between Kyon Energy and VERBUND, under which a total of 300 megawatts of storage capacity are to be realized in the German battery storage market.
The storage system will provide decisive network-related system services in the power grid. It stabilizes grid frequency by providing control reserves, compensates for price peaks by providing flexibilities in SPOT and intraday trading, and balances out the overall volatilities in electricity generation from renewable energies.
“Battery storage systems play a central role in integrating new renewables into the energy system. We combine our know-how in the areas of storage and energy markets with expertise for flexibility marketing. In doing so, we are initiating a turnaround and making a significant contribution to the success of the energy revolution,” says Martin Wagner, Managing Director of VERBUND Energy4Business GmbH. “VERBUND is fully focused on the energy future: VERBUND plans to install a total of 1 GW of battery storage capacity by the end of 2030. ”
“An intelligent energy future in Germany depends on the integration of flexible storage options. Battery storage systems are not only key components for the stability and flexibility of the power grid, but also decisive drivers for sustainable energy solutions and the energy revolution as a whole,” says Florian Antwerpen, one of the managing directors of Kyon Energy.
Kyon Energy and VERBUND have already worked together in the past and implemented several projects. For example, the VERBUND storage facilities in Iphofen and Diespeck in Bavaria, each with 20 megawatts of storage capacity, were put into operation at the beginning of 2023.
About VERBUND
VERBUND is Austria's leading energy company and one of the largest hydroelectric power producers in Europe. The company generates around 96 percent of its electricity from renewable energy sources, primarily hydropower. VERBUND trades in electricity in 12 countries and, with around 3,700 employees, achieved a consolidated profit of around 1,700 million euros and an EBITDA of around 3,160 million euros. With subsidiaries and partners, VERBUND is active in everything from power generation and transport to international trade and distribution. VERBUND has been listed on the Vienna Stock Exchange since 1988, and the Republic of Austria owns 51% of the share capital.
VERBUND is the decisive player for the success of the energy revolution in Austria. The challenges ahead require a coherent orientation of the entire company, which VERBUND is driving forward with Mission V. Mission V is a long-term and comprehensive transformation program and stands for the will to face the climate crisis as a force of change. This program is based on the VERBUND Strategy 2030 with its three priorities: strengthening the integrated home market, expanding renewable energy in Europe and establishing itself as a European hydrogen player. With Mission V, VERBUND is accelerating the achievement of the 2030 strategic goals and ensuring their implementation. More information: www.verbund.com
About Kyon Energy
Kyon Energy is a German project development company that focuses on large battery storage systems. Since its inception, Kyon Energy has developed storage projects with an output of 770 megawatts. 120 megawatts are already in operation, 350 megawatts under construction and 300 megawatts ready for construction. With a project pipeline of over 7 GW, Kyon Energy is one of the market leaders in Germany. The company has a particular focus on the development and optimization of multi-use strategies, combined with deep expertise in project development and management as well as the regulation of large battery storage systems. Through its battery storage systems, Kyon Energy is a driver of the energy revolution and strives for a world powered by renewable, sustainable and independent energy.
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