According to data released by the European Photovoltae EUROPE recently, by the end of this year, the energy storage capacity of residential battery deployed in Europe will reach 9.3GWh.
This is a medium scenario described by the European Photovoltaic Association. It is estimated that by 2026, the residential energy storage system deployed in Europe will reach 39.9GWh. In the case of pessimism and optimism, by 2026, it may reach 23GWh or 44GWH, respectively.
Europe deployed about 2,294mWh battery energy storage system last year. The European Photovoltaic Association is expected to deploy 3.9GWh in mid -2022, an increase of 71%. This number in 2022 is equivalent to about 420,000 batteries, which will make the battery installed in Europe exceed 1 million yuan.
The deployment and the use of battery energy storage systems have become an attractive means to reduce electricity costs, especially the year when electricity costs have risen sharply, people's interest in energy flexibility increases, and carbon footprints are reduced. The increase in solar power generation in houses also benefited from various incentive measures provided by the EU governments, laying a foundation for the rapid development of its energy storage market.
The supporting rate of energy storage systems and solar power generation facilities increased from 23%in 2020 to 27%in 2021.
The main resistance that hinders the deployment of battery energy storage systems is the lack of installation personnel and the shortage of battery. The proportion of deployment of residential energy storage systems accounts for far more than the total cost of commercial and industry (C & I) or public utilization battery energy storage systems.
Unsurprisingly, according to the research data of the European Photovoltaic Association, Germany is the largest energy storage market in Europe. The development of the country's residential energy storage market has always been very strong, because consumers seek to deploy the energy storage system with the solar power facilities of the residential solar power facilities encouraged by the government.
Germany deployed a 1.3GWH residential energy storage system in 2021, accounting for 59%of the 2.2GWH deployed in Europe. The second largest energy storage market in Europe has deployed a 321MWH residential energy storage system. Part of the reason is that it implements a super bonus incentive plan for home energy storage. The top five in the European energy storage market.
Bridges Fund Management Company is a company seeking a profit from German energy storage growth. The company recently announced the acquisition of Hycube, a provider of the German residential energy storage system solution. The company said the scale of the German family energy storage market reached 5 billion euros (US $ 5.25 billion).
Although Germany will still be the leading market, accounting for 36%of the 7.3GWH residential battery energy storage system deployed in 2026, the European Photovoltaic Association is expected to be the main market in the future. The company predicts that the market share of these two countries will reach 8%and 6%, respectively, ranking second and third in Europe, respectively.
For Sweden, this is because of the rapidly growing solar power market, subsidies for energy storage, and its position as a country with the highest penetration rate of electric vehicles (43%of the sales of new vehicles in 2021). At the same time, Poland also has a booming residential solar market, which should stimulate the growth of the family energy storage system.
