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August 31, 2021

Renault/Demeter EV Battery-powered Stationary Energy Storage System, Germany

By Carmen

The Renault/Demeter EV Battery-powered Stationary Energy Storage System is a 20,000kW energy storage project located in Germany.

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The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
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The project was announced in 2019 and will be commissioned in 2021.

Description

The Renault/Demeter EV Battery-powered Stationary Energy Storage System is being developed by Mitsui, Renault and The Mobility House.

The key applications of the project are frequency regulation, peak shaving and reliable power supply.

Contractors involved

Mitsui, Renault and The Mobility House are the developers. Renault is the technology provider for the project.

Additional information

A new joint project company has been set up to run the project between Groupe Renault, The Mobility House, Mitsui and Demeter, which has provided investment via its private equity fund, the Fonds de Modernisation Écologique des Transports. The batteries are being provided by Groupe Renault and the storage capacity is to be sold by The Mobility House to support network services and industrial storage needs such as load management and backup power.

About Mitsui

Mitsui & Co Ltd (Mitsui) is a business conglomerate. It distributes, purchases, markets and supplies wide variety of products in business areas including iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle and consumer service. The company also participates in the other activities such as arranging finance for customers and suppliers in connection with its trading activities, organizing and coordinating international industrial projects, participating in financing and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing and coordinating transportation and marketing of finished goods. It operates in the Americas, EMEA, and Asia-Pacific. Mitsui is headquartered in Tokyo, Japan.

About Renault

Renault SA (Renault) is an automobile company. It designs, manufactures, sells, and distributes passenger cars, light commercial vehicles, and electric vehicles. The company also provides various services including sales financing, leasing, maintenance, and services contracts. Renault markets products under Renault, Dacia, Alpine, Renault Samsung Motors, AVTOVAZ, Jinbei and Huasong, and Lada brands. It distributes products through a network of primary and secondary dealers across the world. Renault has operations in Europe, Eurasia, the Middle East, North America, South America, Africa, and Asia Pacific. The company has manufacturing facilities across the world. Renault is headquartered in Boulogne-Billancourt, Ile-de-France, France.

About The Mobility House

The Mobility House AG (Mobility House) is a clean technology company that offers intelligent energy-storage and charging solutions. The company generates electricity from solar and wind energy and stores in batteries. It offers products such as installed charging infrastructure products, stationary batteries, smart charging, vehivle to grid and energy storage, among others. Mobility House provides services such as installation and initial start-up of charging station and on-site inspection of electric installation and application situation. The company offers services related to electric vehicles, charging infrastructure, renewable energy as fuel, and access to public charging stations, among others. It offers customized solutions for the automotive industry. Mobility House is headquartered in Zurich, Switzerland.

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.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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