The Magdeberg-SK Innovation – BESS is a 30,000kW energy storage project located in Magdeberg, Saxony-Anhalt, Germany.

The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2014.

Description

The key application of the project is renewable capacity firming.

Contractors involved

SK Innovation is the technology provider for the project.

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Additional information

Owner- Saxony-Anhalt, Germany
Ownership Model – Third-Party-Owned
The state of Saxony-Anhalt in Germany is investing in electricity storage by developing a 30 MW lithium-ion battery there. It will be built by SK Innovation Co. Ltd., a South Korean company. Saxony-Anhalt is the site of something called the Solar Valley because of the infrastructure there that has been created over the years to support solar power. About €9 billion have been invested since 1991.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.