Eco Stor plans 600 MWh energy storage facility in Germany

German-Norwegian power storage systems provider Eco Stor is planning to invest EUR 250 million (USD 273.7m) to establish a 600 MWh renewable energy storage facility in Germany, expected to be one of the biggest battery systems in Europe.

The investment will be made jointly with financing partners, Eco Stor said. Construction is scheduled to begin in 2024.

The facility will be located on an area of 8 hectares (80,000 square metres) in the Foerderstedt village in Saxony-Anhalt and will have a total capacity of over 300 MW. It will be able to provide power to about half a million households for two hours.

The project involves the construction of six ECO STOR ES-50C blocks, each with a capacity of 50 MW/100 MWh.

The storage system will be connected to marketplaces where electricity from wind and solar installations is traded. It will be charged during times of low electricity prices in the wholesale market when there is abundant sunshine or strong winds. The stored power will be discharged when there is a shortage of renewable energy on the grid.

Eco Stor said it selected the location of the storage facility after a thorough examination of various points in the transmission network of German grid operator 50Hertz.

(EUR 1 = USD 1.095)

Choose your newsletter by Renewables Now. Join for free!