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Invitation: Economics of Energy Storage

Energy storage is a key element in the technical and economic balancing of fluctuations in generation and demand. Especially in a future energy system based on renewable energies, energy storage will play an even more important role because the fluctuation of generation will increase, while energy sources such as oil or gas, which currently take on and dominate the role of storage, will become obsolete. Large-scale heat storage systems will play a central role in district heating systems, hydrogen in the electricity supply, batteries in households and also in the grid. In general, energy storage is relevant in all sectors (energy system, industry, households) and energy sources (heat, electricity, gas) and can also take on sector-coupling functions in the form of Power-to-X, for example.

The economic viability of energy storage is the main driver for its establishment. Depending on the objective, thermal, chemical and electrical storage systems have different requirements, degrees of maturity and economic viability.

Objectives of this event and workshop are:

  • give a platform to the different areas of energy storage,
  • explain their established and expected business models,
  • present the economic viability in terms of costs and benefits, and
  • discuss the requirements for economic establishment.

We cordially invite you to this event!

Date: Tuesday, March 19, 2024
Time: 12:30 – 17:00
Location: Ars Electronica Center, Ars-Electronica-Straße 1, 4040 Linz, Sky Loft on the upper floor
Program: You can find the program here.

Free registration at:

Please note that we can only accept a limited number of participants. We therefore ask you to register by e-mail if you are interested.
The event is free of charge!

The event is part of the IEA Energy Storage Task 41 and the Heat Highway project funded by the BMK and the Energie- und Klimafonds.

  • Further information on Task 41 at national level can be founde here and at international level here.
  • Further information on the Heat Highway project can be found here.

Special offer from Ars Electronica:
Before and after the event, there is also the opportunity to visit the virtual demonstrator and a prototype of a heat highway (district heating transmission network) at Ars Electronica free of charge as part of a guided tour. Please allow an additional 30 minutes before or after the official end of the event. If you are interested, please indicate when registering whether you would like to take part in the guided tour before or after the event.

  • Start of the guided tour before the event: 12:15 p.m.
  • Start of the guided tour after the event: 17:00

Project partner in the Austrian participation in the IEA Energy Storage Task 41:
Energieinstitut an der Johannes Kepler Universität Linz
AEE – Institut für Nachhaltige Technologien (AEE INTEC)
FH OÖ Forschungs & Entwicklungs GmbH
Wirtschaftsagentur Burgenland Forschungs- und Innovations GmbH

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Heat Highway
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