Sonnen to provide primary balancing power to German grid from networked home storage
After months of preliminary work, the time has come: With its PV+home storage network, sonnen GmbH has received prequalification from TenneT to participate in Germany’s primary control energy market. While it is currently allowed to deliver 1 MW, the goal is to supply 100 MW.
Engie launches second-life EV battery grid services
With a proof of concept, Engie and Connected Power have integrated their second-life EV storage system into the distribution system of TenneT in Rotterdam, the Netherlands.
1.4 GW NordLink interconnector receives €100 million EIB hybrid securities purchase
The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.
TenneT issues €1.25 billion in green bonds
Dutch/German transmission operator Tennet Holding B.V. has launched a €1.25 billion green bond program. The issuance is backed by five major banks – BNP Paribas, Deutsche Bank, ING Bank, Lloyds and Rabobank.
Tennet, Sonnen start blockchain project for grid stabilization
The pilot phase will be implemented during a six-month period. Interconnected residential PV storage systems from Sonnen will be used to stabilize the power grid via blockchain.
