Berlin energy storage investment

In a joint press conference of the Senate Administration of Economy, Energy and Enterprise, BEN Berlin Energie und Netzholding GmbH and Stromnetz Berlin, Senator Franziska Giffey and Managing Directors Stephan Boy and Dr Erik Landeck explained the supplementary budget and reported what was going to be done with the money.

Stromnetz Berlin wants to invest more than two billion euro in the coming five years. The money will be put into extending or converting the Berlin grid to fit the needs of the energy, heating and mobility transition, and to reflect increasing digitalisation. In 2024 alone the company will set aside €337 million (after €278 million the year before) for investment, thus continue its long-standing investment plan f with a new all-time high.

''Great challenges face Stromnetz Berlin, and our owner has high expectations of its grid operator. With our prospective grid planning – with measures to increase performance in our company and become more efficient, including organisational adjustments and the active search for the best people in the next generation of experts and specialists – we want to live up to the long-term challenges that face us and justify the trust people have placed in us,''Erik Landeck continued.

Considering the very diverse challenges ahead that need to be dealt with, from the continued increase in investment activity to establishing efficient processes in a rapidly growing organisation, we are very pleased with what we have achieved.''

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About Berlin energy storage investment

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