Germany is confirmed as the largest market for residential storage in Europe. In 2021 it increased to 81% if compared to 2020 with an estimated 150,000 residential storage units installed. Four times the Italian market second market in Europe for R-BESS.
The development of the German market went far beyond expectations of the broader scenario.
A mature German market for solar energy and storage batteries, where electricity has always been expensive, undergoing a further increase following the raising costs of electricity in 2021 caused by the Russian attack on Ukraine.
Residential Storage in Germany
The boom in the renewable energy market in Germany already began in 2000, when the EEG law came into act, leading to an exponential development of renewables. Take into consideration that in 2012 the market reached the same volumes as in 2022.
At the time, homeowners could resell the excess of electricity produced by the photovoltaic system at a very convenient price. A trend that reversed following more restrictive laws implemented by the government.
At the same time, the German government worked in parallel both on loans for photovoltaic systems of less than 30 kW, granting low interest for the loans requested, and implementing a policy in favor of new start-ups of local producers of storage batteries.
Storage market
The 81% increase in R-BESS based on an incisive policy by the German government, and a 14% increase is expected in the medium scenario.
The future in Germany is very bright especially for the development of the residential photovoltaic sector, which will continue its growth from 1.8 GW in 2022 to 2.2 GW in 2024. With an estimate for batteries that will increase by 90% in 2026.
Clearly Germany will absorb a large part of the batteries on the market between 2022 and 2026, so much so that in the medium scenario an installed capacity of 10.1 GWh is expected.
