While most of us were grooving to disco music in 1978, Germany quietly launched an energy revolution in Huntorf. This unassuming town became home to the world's first compressed air energy storage (CAES) plant - essentially a gigantic underground battery that's still humming along. Uniper is built to deliver exactly that. At the same time, we're realistic: natural gas - whether pipeline gas or LNG – will remain essential for years. The first large-scale battery energy storage system (BESS) with grid-forming capabilities in Germany was inaugurated a few days ago. Last week, a. Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world's leading producers of exclusively renewable energy and a major battery storage operator, has given storage solution supplier Nidec full notice to proceed in December 2024, signaling the start of construction of the Arneburg Battery.
