An energy system that is based on 100% renewable and therefore largely weather-dependent energy requires energy storage on a previously unknown scale. Storage and distribution of renewable energies will thus become the “missing link” in the energy transition system and battery, pump or compressed air storage will become the technological backbone.

Their development makes renewable electricity available at the right time and in the right place and ensures grid stability. Large batteries store electricity from several generation plants for entire city districts and make climate-controlled districts possible.

Technical innovations accelerate the charging of electric cars or intelligently integrate heat pumps into building technology. Intelligent measurement and power distribution technology via smart and micro grids enable the construction of virtual power plants from multiple generation plants with fluctuating feed-in quantities. Decentralized micro-grids, which are based on renewable energies and storage technology, give millions of people, especially in rural regions, access to clean electricity for the first time and replace outdated diesel generators that are harmful to health and the climate. Here, robust and cost-effective technologies are crucial to advance economic development based on decentralized and smart renewable energies without fossil infrastructure.

The industry includes, for example, the production of energy storage devices, batteries, charging stations, power distribution technology and transformers. Electricity generation, heating and cooling supply as well as energy trading are covered by the “Energy generation and trading” sector.