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According to data from German consultancy 3EC and Team Consult, the large battery capacity of the German grid industry will expand to 517 megawatts (MW) in 2020, 14
% higher than last year's 453 MW.
Large batteries help power plants and industrial energy consumers optimize production and supply processes and avoid power shortages in emergency situations, where power shortages are becoming increasingly likely
, as green power output is driven by weather.
Team Consult has been tracking the industry's progress for years, noting that module prices are falling, while the transition to renewable energy and the arrival of electric vehicles are driving demand
for grid stability.
Team Consult said: "The growth process of the energy storage industry continues
.
Most companies saw a positive market environment in 2020 and expected higher sales
.
”
According to the report, total sales in the energy storage industry are likely to increase by 9% this year to 6 billion euros, and in 2019 the growth rate will reach 10%, with total sales reaching 5.
5 billion euros, of which 3.
6 billion euros will come from the battery industry and the remaining total sales of more than 1.
8 billion euros will come from pumped storage power plants
.
In terms of home storage power batteries, Team Consult said that of the total sales of 6 billion, home storage power battery sales are 950 million euros, and the total capacity is expected to reach 930 MW, compared with 680 MW
in 2019.
They are mainly owned by rooftop solar power facilities, usually households
with detached houses.
According to data from German consultancy 3EC and Team Consult, the large battery capacity of the German grid industry will expand to 517 megawatts (MW) in 2020, 14
% higher than last year's 453 MW.
Large batteries help power plants and industrial energy consumers optimize production and supply processes and avoid power shortages in emergency situations, where power shortages are becoming increasingly likely
, as green power output is driven by weather.
Team Consult has been tracking the industry's progress for years, noting that module prices are falling, while the transition to renewable energy and the arrival of electric vehicles are driving demand
for grid stability.
Team Consult said: "The growth process of the energy storage industry continues
.
Most companies saw a positive market environment in 2020 and expected higher sales
.
”
According to the report, total sales in the energy storage industry are likely to increase by 9% this year to 6 billion euros, and in 2019 the growth rate will reach 10%, with total sales reaching 5.
5 billion euros, of which 3.
6 billion euros will come from the battery industry and the remaining total sales of more than 1.
8 billion euros will come from pumped storage power plants
.
In terms of home storage power batteries, Team Consult said that of the total sales of 6 billion, home storage power battery sales are 950 million euros, and the total capacity is expected to reach 930 MW, compared with 680 MW
in 2019.
They are mainly owned by rooftop solar power facilities, usually households
with detached houses.
