German energy storage association

What is the German Energy Storage Association?

The German Energy Storage Association represents the interests of companies which have the common goal of development and marketing as well as the operation of energy storage in electricity, heat, and mobility.

How big is the energy storage industry in Germany?

With a turnover of over 15.7 billion euros, and a 46 percent growth increase in comparison to 2022, the energy storage sector’s expansion in Germany continues at a fast pace, according to industry data released by the German Association of Energy Storage Systems ( BVES ).

What is the Energy Storage Association?

The Energy Storage Association is an organization that aims to enable participation of front-of-the-meter resources, behind-the-meter exporting resources, and heterogeneous groups of resources in distributed energy resource aggregations.

Will energy storage continue to grow this year?

Regardless, the association expects the storage sector to continue growing this year, with two thirds of companies predicting increases in turnover. Energy storage will become key in the next phase of the energy transition, as Germany aims to cover 80 percent of power demand with renewable sources by 2030.

Will energy storage be a key part of the energy transition?

Energy storage will become key in the next phase of the energy transition, as Germany aims to cover 80 percent of power demand with renewable sources by 2030. A traditional electricity system doesn’t require much storage because power generation can be adjusted to match demand.