Swiss Zurich Energy Storage Power Station Investment Company

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5 Frequently Asked Questions about “Swiss Zurich Energy Storage Power Station Investment Company”

Where is the gravity energy storage system based?

The research and development of the gravity energy storage system has been based in Ticino and operational since 2019 with its own R&D centre. The commercial demonstration unit has been connected to the Swiss national utility grid and used for two years of testing and software commissioning.

Why did Switzerland invest in Alpiq?

The investment in Alpiq, a Swiss energy services provider and electricity producer encompasses Switzerland's second-largest hydropower portfolio, a vital element within the nation's power generation system.

Why is hydropower important in Switzerland?

Hydropower signifies an important step towards securing Switzerland's renewable energy future and aligns with the country's climate objectives. With a total installed capacity of approximately 3,300 megawatts, the hydropower plants generate more than five terawatt hours per year.

How many terawatts does Switzerland produce a year?

With a total installed capacity of approximately 3,300 megawatts, the hydropower plants generate more than five terawatt hours per year. Hydropower is Switzerland's most important source of electricity, representing more than 60% of the nation's energy production.

How many MWh can a grid-scale energy storage system store?

Several projects are currently under way in China and the US, totalling 915 megawatt hours (MWh) of energy storage. The company's first commercial grid-scale project using its proprietary gravity energy storage technology in Rudong, near Shanghai, was connected to the grid in December 2023 and can store up to 100 MWh.

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