”Higher network fees likely. The pace of renewable energy expansion varies considerably in 2024 again. While photovoltaics continues to show strong momentum, progress in wind power is significantly lower. However, there are significantly more permits for new onshore wind turbines. The expansion of photovoltaics is increasingly going hand in hand with the addition of battery storage. While this is already the rule for small-scale PV systems, a particularly high dynamic is expected for large-scale battery storage in the coming years. The expansion of battery storage is part of the system costs of the energy transition. However, it can lead to lower system costs elsewhere (e.g., grid management). Furthermore, we show in this report that the increase in charging infrastructure for electric cars and sales of heat pumps is lagging behind the ambitious targets of the outgoing federal government. Regarding the hydrogen economy, some regulatory steps have been taken. However, many uncertainties remain for investors. It is unclear, for example, what quantities of hydrogen will be available in the coming years, where it will be produced, and how high the costs will be. “
Morten W. Langer
