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Prospects for pumped-hydro storage in Germany

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  • Bjarne Steffen

    (Chair for Management Sciences and Energy Economics, University of Duisburg-Essen)

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

  • Bjarne Steffen, 2011. "Prospects for pumped-hydro storage in Germany," EWL Working Papers 1107, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Dec 2011.
    • Handle: RePEc:dui:wpaper:1107
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    2. Mladen Zeljko & Marko Aunedi & Goran Slipac & Dražen Jakšić, 2020. "Applications of Wien Automatic System Planning (WASP) Model to Non-Standard Power System Expansion Problems," Energies, MDPI, vol. 13(6), pages 1-17, March.
    3. Herrmann, Johannes & Savin, Ivan, 2015. "Evolution of the electricity market in Germany: Identifying policy implications by an agent-based model," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112959, Verein für Socialpolitik / German Economic Association.
    4. Geth, F. & Brijs, T. & Kathan, J. & Driesen, J. & Belmans, R., 2015. "An overview of large-scale stationary electricity storage plants in Europe: Current status and new developments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 52(C), pages 1212-1227.

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    More about this item

    Keywords

    pumped-hydro energy storage; power plant investment; Germany;
    All these keywords.

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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