Ofc power of pumped storage does not come close to 10GW, that is precisely the reason, we "only" have slightly under 10GW installed, more is not needed :)
Not coming close to the installed capacity is the definition of underutilized. My point is exactly that Germany currently has more than enough pumped storage, so what are you trying to tell me?
Pumped-storage definitely is also not profitable at the moment because solar reduced peak power prices ...
That is nonsense in several dimensions.
Hey, I gave a source. Although I admit I should have said: building more pumped storage is currently not profitable. Maybe the old ones can still be operated in a profitable way, but considering the low utilization I somehow doubt it.
'Peak' power prices are high, and solar profits from that, there is no real decrease in prices around peak times due to solar power.
Peak power prices in Germany are *not* high anymore:
"The spread in Day-Ahead prices between peak and baseload hours reached an all time low of 4.36 €/MWh in 2013, the maximum spread was
2006 with 13.85 €/MWh (inflation adjusted in prices of 2010)." (fraunhofer)
Next is: "peak" does not mean what you think it does. That is why I put it in quotes.
You are not making sense. What is you definition of peak?
Third, pumped storage is not used for 'power production', it is a storage, hence the name.
Yes - again - I know this - why are you telling me this?
Finally: pumped storage plants are the most profitable plants in germany.
Interesting, that is why most projects have been put on hold?
“Currently, such systems are not economical to operate, but we expect a realisation for our project in the next ten years, this means not before 2023-2024,” said a Stadtwerke Mainz spokesman." (From the link I posted.)
They buy energy for negative prices, they not only get it 'for free' but get 'profit' on top of it.
Negative prices exist occasionally and only for short amount of time. They can make a profit at that time but not much because it does not last long. In the past they could make a lot of profit by buying cheap electricity in the night and selling it at peak time. This is much less profitable now because the difference between peak and base prices is much less.
Their comtribution to the grid is huge.
No.
They are the primary contributors to 'primary reserve energy' (seconds reserve, seconds as in time) and also important for 'secundary reserve energy' (minute reserve, minute as in time).
I don't doubt that pumped storage can be useful in providing balancing power. But the market for balancing power is not big enough to make them profitable right now.
The actual numbers (a bit outsated) about how much pumped storage germany has installed, you can find on wikipedia.
I know how much there is installed, thank you. This discussion is not about how much is installed, but how much is actually used.
And: pumped storage plants work both ways: they artificially increase demand to fit the current power production _and_ they are the prime contributor to fix sudden surges in demand and keep the grid frequency stable. .that is what they are build for: demand shaping (that is what power companies call 'peak').
Power companies call demand shaping 'peak'? I don't know what you are trying to say....
Could we use more of them? Yes in 10 to 30 years when we are primarily renewable, but right now we have - 'typicaly german' - more than twice the amount we need to keep the grid(s) stable.
Thank you. This was exactly my point: There is more than enough pumped storage right now in Germany - despite the already high amount of intermittent power sources such as wind and solar. For 80% or 100% renewables more could be useful.