According to the latest data from Battery Charts, the installed capacity of residential energy storage systems (HOME-ESS) in Germany experienced a remarkable 170% year-on-year growth in the first half of 2023.
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Germany HOME-ESS Records 170% Year-on-Year Growth
The Added Installed Capacity Data for Energy Storage in the German Market during the First Half of 2023 is as follows:
- Residential Energy Storage: 250,000 units (1470 MW/2230 MWh), a YoY increase of 170%.
- Commercial and Industrial Energy Storage: 1,100 units (31 MW/70 MWh), a YoY increase of 90%.
- Large-scale Energy Storage: 28 units (107 MW/125 MWh), a YoY increase of 175%.
Conclusion
While the current market environment in Europe, especially in the residential energy storage sector, is highly competitive, Germany stands out as the largest and most favorable market. It is worth the strategic investment and efforts of every steadfast enterprise to establish a foothold and make a substantial impact in this promising market.
