Elli to enter industrial energy storage business

Volkswagen subsidiary Elli and the Volkswagen Group have announced that they will be building and operate large-scale stationary storage systems.

The e-mobility solutions firm has announced that it will be breaking into the industrial energy storage systems market, and will use these systems to supply power to its customers, as well as to conduct arbitrage transactions on the electricity market, driving its transformation into a smart energy company and supporting the stabilisation of energy grids.

The first battery storage projects from the firms are expected to be set up by early 2025. The largest of which, is currently expected to offer a capacity of up to 350MW and a storage capacity of 700MWh. The firm expects such projects to double the total storage capacity installed in Germany, which currently amounts to around one GWh.

Elli states that close to 10,500GWh were not generated from renewable electricity sources in Germany due to a lack of intermediate storage options in 2023, enough to power more than 3.2 million electric vehicles with electricity from renewable sources for a year.