MUNICH, Germany, 30 June 2020: Siemens Energy has launched the “Future of Storage” initiative, the company said through a Press release. The aim of the initiative is to bundle knowledge and build an ecosystem of technology partners in order to offer energy-storage solutions tailored to customers’ needs, the company said, adding that one of its key goals is decarbonising the world’s energy systems. An essential component of climate-friendly energy systems of the future will be efficient energy-storage systems, which compensate for the fluctuating feed-in of renewable energies and stabilise the grids, making them a key driver of decarbonisation, the company further added.

With “Future of Storage”, the company said, a global team of experts is being formed that covers all available energy storage technologies, from batteries to thermal and thermo-mechanical energy storage systems. “We want to offer every customer the optimal energy-storage solution that best suits their needs,” said Anette Ossege-Schaffrath, who heads the team at Siemens Energy. “To do this, we need access to a broad portfolio of storage technologies. We need to have the necessary expertise and develop suitable business models. With Future of Storage, we are creating an important prerequisite for achieving these goals.”

Added Jörn Schmücker, CEO Large Rotating Equipment, Siemens Energy: “Energy storage is the key to a decarbonized world. With Future of Storage and our partner ecosystem, we will be able to offer our customers exactly the solutions that fit their needs – with the advantage of improving the efficiency and, thus, the profitability of their plants.”

At the beginning of June, Siemens Energy entered into a long-term partnership with the Norwegian technology company, EnergyNest. The start-up is a supplier of thermal energy storage systems, the company said. The aim of the partnership is to jointly offer modularised and standardised thermal energy storage systems for industrial customers, the company said. EnergyNest has developed a heat battery that can be charged with renewable energy or with waste heat and can discharge completely renewable steam directly into customers’ plants, when required, the company said, adding that this reduces the demand for fossil generated heat and, at the same time, increases the flexibility of the plants.