Return, Bessmart to connect 670 MWh of German
Energy storage provider Return has partnered with Berlin-based Bessmart to develop and connect four battery storage plants in
Grid-scale BESS battery investments offer strong returns, with internal rates of return (IRRs) typically ranging from 8% to 12%, driven by ancillary services and energy trading.
With a 72.3% market share, lithium-ion batteries dominate grid scale BESS applications and are set to remain the top choice for future needs. Germany led the European BESS market in 2023, with a 34% share, followed by Italy at 22% and the UK at 15%.
BESS are undoubtedly a market of the future in Germany. However, economic success depends not only on the technology, but also on strategic risk management. Anyone investing should know whether - and how - risks are hedged. Optimistic scenarios alone are not enough. The energy transition needs storage.
Typically working with local development partners, the business is active in the UK, Australia, Italy, Germany, and Sweden. It has more than 500MWh of operating BESS projects, with over 1GWh under construction and a development pipeline of about 7GW.
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