BW ESS is target commercial operation for the project in 2028, a spokesperson told Energy-Storage.news. They also said that the supplier will be ‘announced in due course’, while we also asked them about its route-to-market (RTM) strategy for such a large project.
“Our revenue strategy for this project is currently under review. We’ve pursued a variety of approaches across our portfolio, determined on an asset-by-asset basis,” they said, perhaps indicating the project is very early-stage construction.
BW ESS typically funds its projects from its own balance sheet initially during construction, before securing offtake and any external financing once it is underway. CEO Erik Strømsø spoke about the reasons for this (and more) in a video interview with us earlier this year (Premium access).
Roberto Jiménez, executive director at BW ESS, said: “We’ve made a long-term commitment to help realise the potential of energy storage in Germany and Klostermansfeld BESS will be our first German asset to enter construction.”
Project news in Germany has accelerated in the past several weeks since the situation with BESS and grid fees was clarified, while we’ve also published extensive analysis, interviews, a guest blog and a webinar on the major market dynamics in Germany in that time: see it all here.
