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EQS-News: ENCAVIS AG
/ Key word(s): Expansion/Acquisition
Corporate News ENCAVIS acquires its first battery project to optimise the marketing of electricity from German wind and solar parks The BESS is charged in the hours of the day of lower electricity prices and discharged in the high-price hours by participating in the day-ahead and intra-day market. This mechanism optimises the capture rate of the existing wind and solar park portfolio. In addition, this approach smoothes the generation fluctuations typical of Renewable Energies and reduces the associated balancing energy costs. Regardless of location, the battery can store amounts of electricity from all Encavis Group parks in Germany and discharge them at another time. The elimination of network charges for charging the battery in Germany makes this economically attractive. “The new plant in Hettstedt will allow us to use our Renewable Energy generation much more flexibly. This will enable us to serve a part of our portfolio in Germany with innovative battery technology and thus generate additional revenue”, welcomes Mario Schirru, CIO/COO of Encavis AG, this innovative milestone achievement.
About ENCAVIS: Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors. Another Group member company is Stern Energy S.p.A., based in Parma, Italy, a specialised provider of technical services for the installation, operation, maintenance, revamping and repowering of photovoltaic systems across Europe. ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with their “A” level and ISS ESG with their “Prime” label. Additional information can be found on www.encavis.com
Contact:
30.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | ENCAVIS AG |
| Große Elbstraße 59 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 4037 85 62 -0 |
| Fax: | +49 4037 85 62 -129 |
| E-mail: | info@encavis.com |
| Internet: | https://www.encavis.com |
| ISIN: | DE0006095003 |
| WKN: | 609500 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1714335 |
| End of News | EQS News Service |
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1714335 30.08.2023 CET/CEST
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