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Prospects for pumped-hydro storage in Germany

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  • Steffen, Bjarne

Abstract

After a period of hibernation, the development of pumped-hydro storage plants in Germany regains momentum. Motivated by an ever increasing share of intermittent renewable generation, a variety of energy players considers new projects, which could increase the available capacity by up to 60% until the end of the decade. This paper analyzes the current development and evaluates the revenue potential as well as possible barriers. Overall, the prospects for new pumped-hydro storage plants have improved, even though profitability remains a major challenge.

Suggested Citation

  • Steffen, Bjarne, 2012. "Prospects for pumped-hydro storage in Germany," Energy Policy, Elsevier, vol. 45(C), pages 420-429.
  • Handle: RePEc:eee:enepol:v:45:y:2012:i:c:p:420-429
    DOI: 10.1016/j.enpol.2012.02.052
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