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Prospects for Pumped‐Hydro Storage in Germany

EWL Working Paper No. 07/2011

25 Pages Posted: 8 Dec 2011  

Bjarne Steffen

University of Duisburg-Essen

Date Written: December 8, 2011

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.

Keywords: pumped‐hydro energy storage, power plant investment, Germany

JEL Classification: L94, Q42, Q48

Suggested Citation

Steffen, Bjarne, Prospects for Pumped‐Hydro Storage in Germany (December 8, 2011). EWL Working Paper No. 07/2011. Available at SSRN: https://ssrn.com/abstract=1969767 or http://dx.doi.org/10.2139/ssrn.1969767

Bjarne Steffen (Contact Author)

University of Duisburg-Essen ( email )

Lotharstrasse 1
Duisburg, 47048
Germany

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