Modernising, expanding and helping to shape Berlin's future

04.03.2021

Stromnetz Berlin plans to invest EUR 234 million in 2021

Stromnetz Berlin plans to invest EUR 234 million in 2021

Stromnetz Berlin GmbH is continuing its investment activities at a high level. More than a billion euros have already been invested in Germany's largest distribution network in the last six years and the company is planning to invest a further EUR 234 million in 2021 (after EUR 197 million in 2020). The network operator continues to focus on the core issues of security of supply, customer orientation and support for the city as it works towards climate neutrality.

Specifically, the investments are divided into three key areas: Around half of the money (EUR 112 million) will go to the "preservation and modernisation" of the Berlin distribution grid, around a third of the total (some EUR 80 million) will go towards the challenges arising from the changing and developing city of Berlin ("urban development") and EUR 42 million is allocated to the field of "digitalisation".

"We have been one of the largest investors in the German capital for some time now and will continue to operate very dynamically here in the long term. Stromnetz Berlin plans to invest EUR 1.2 billion in the modernisation, expansion and sustainability of the grid during the coming five years (2021-2025). Together with the other infrastructure companies, we want to play an active role in shaping the development and attractiveness of the city", said Thomas Schäfer, Chairman of the Management Board of Stromnetz Berlin GmbH, in today's annual press conference.

2021: a busy year for Stromnetz Berlin

The Stromnetz Berlin Managing Director also said that the company's other focal points for the current year include further measures to promote electromobility, in particular with the necessary grid integration of the charging infrastructure, the smart meter rollout, the continuation of work on a new operations management concept for digitalisation in low voltage, further activities for the automation of medium voltage stations, and the planning, construction and commissioning of new substations and grid nodes.

Ultimately, all of the company's projects aim to support the city on its path to climate neutrality and thus in the further electrification of the transport sector, for example – regardless of the ownership of the Berlin electricity grid. Berlin wants to remain an attractive place for business, science and culture, as well as for its guests and residents. This calls for a modern, efficient electricity grid. According to Schäfer, this is what the company's 1,350 employees continue to work towards every day.