Europe s hot-selling energy storage products

Why is energy storage important in Europe?

In Europe, there is a growing consensus amongst policymakers that energy storage is crucial to securing affordable and low carbon energy. In May 2022, European Union launched their REPowerEU plan, a part of the European Green Deal, which mandates that 45% of Europe’s energy generation needs to come from renewable sources by 2030.

Which country has the most residential storage systems in Europe?

Lagging behind Germany by a considerable margin, the other four countries making up the top 5 of the European residential storage system market are Italy, Great Britain, Austria and Switzerland. Together, these five countries are home to 93% of all European residential storage systems.

Who dominates the storage market in Germany?

In Germany, four manufacturers have been dominating the storage market: The brands sonnen, BYD, E3/DC and senec together have a three quarter market share. All other manufacturers of storage systems only reach market shares of less than 10%. The European residential storage market

Why is energy storage a growing trend in Germany?

Volatile energy prices and the popularity of photovoltaic self-use have driven demand for residential energy storage, which is expected to continue to grow through 2030. In addition, Germany plans to hold its first capacity market auction in 2028 to boost the development of large-scale energy storage projects.

Why is energy storage important in the Netherlands?

The Dutch grid has high renewable energy penetration and grid congestion, and demand for energy storage is strong. Energy storage installations are expected to increase from 345 MW in 2023 to 7.9 GW in 2030, mainly for pre-table storage.

How did the European storage market perform in 2020?

According to the study, newly installed capacity from storage systems in private households rose by 44% in 2020 compared to the previous year. Despite difficult market conditions due to the COVID-19 crisis, approx. 140,000 systems installed saw the European storage market exceed 100,000 installed battery units for the first time.