The rapid consumption of renewable energy makes energy storage an indispensable part of European energy integration into the grid.

 

 

 

The latest analysis of the relevant agencies show that in 2023, the installation of battery energy storage systems in Europe is 17.2GWh, an increase of 94% year-on-year, has been doubled for the third consecutive year.

 

 

 

So far, the installed capacity of battery energy storage systems operating in Europe has exceeded the 20GW mark. Professional statistics show that by 2030, the installed demand is pointing to 200GW. that is to say, Europe will need about 180GW of battery energy storage in six years.

 

 

 

Chaodian Think Tank believes that Germany's residential electricity prices are still the highest in Europe, coupled with 800W balcony photovoltaic system draft, "Solarpaket I" landing, this year's household storage installation is expected to double the growth of balcony micro-storage all-in-one machine more and more best-selling. Other European countries are expected to break through in the large storage installed capacity.

 

 

 

Pai energy science and technology, Ai Luo energy also said to the tide of electricity, the company's overseas market this year is still the European region, and to household storage product shipments.

 

 

 

Rooftop, balcony is to enter the European and American household market must be applicable to the scene, but also a number of micro inverse, energy storage enterprise new product development focus direction. In SNEC 2024, Renesas launched a new light storage hybrid EZHI micro-reversal specifically designed for balconies and other DIY scenarios, and Womai launched a new 5KW micro-reversal for large residential and complex roofs, which are expected to be shipped in large quantities in Germany this year.

 

 

 

Tide Power Intelligence analyzes Germany, Italy and the United Kingdom, the three countries with the highest installed capacity of energy storage in Europe.
 

 

Germany
 

 

Data show that Germany installed 555,000 sets of household storage last year, accounting for 70% of the total installed energy storage.

 

 

 

The energy crisis has eased significantly after the fall in natural gas prices, but Germany is still the highest electricity prices in Europe. At the same time, driven by policy, roof photovoltaic, balcony micro-storage in Germany has become a mainstream trend.

 

 

 

 

 

 

Last year, Germany's GDP was the first in Europe and the third in the world, which can be deduced that the purchasing power of German residents for household storage is still the most in Europe.

 

 

 

The German household market will also focus on energy storage and solar battery installation this year.
 

 

United Kingdom
 

 

Renewable energy sources such as wind and photovoltaics have impacted the grid and greatly increased the cost of balancing the UK power system. Large-scale battery development is quickly becoming the norm in the UK.

 

 

 

Overall, the need for improved power supply and enhanced grid stability in the UK is driving the growth of large-scale energy storage installations.

 

 

 

Typically relying on government tenders as well as being driven by market-based projects, the UK dominates the large-scale energy storage installations in Europe and is expected to see significant growth in 2024.

 

 

 

 

 

 

The UK battery energy storage market is set to grow to 24GW by 2030 and will attract over $20 billion in investment, according to relevant professional bodies. More than 3GW of battery energy storage systems are currently operational in the UK.

 

Italy.

 

The Superbonus tax credit for residential PV systems has been reduced from 110% to 70% and will end at the end of 2024.

 

 

 

This year, Italy has seen a significant negative trend in household storage, with 18% fewer new grid-connected storage systems in the first quarter alone.

 

 

 

The Italian household storage market has always benefited from strong government policy support. Although future market dynamics will be affected by policy changes, the overall market outlook is favorable.

 

 

 

In the first quarter of this year, Italy's energy storage market still maintains high growth, new official announcement or approval of projects are more than 1GW.

 

 

 

Relevant professional organizations expect that Italy will need to deploy 8GW of energy storage systems by 2030.

 

 

 

European energy storage first look at Germany, after the Intersolar Europe exhibition, tidal power think tank will be held in shenzhen on July 10th, 2024 third tidal power energy storage summit micro-plurality & micro-reversal special event. The event has invited 300+ micro-reversal & energy storage industry elites to bring innovative product application case demonstration, European balcony micro-storage market and other latest dynamic investigation and analysis. In addition, the site will also be in the form of resource docking meeting, for the participating enterprises to build a bridge of communication in the supply chain.

 

Translated with DeepL.com (free version)