• The European Photovoltaic Industry Association recently announced that the capacity of residential solar energy storage systems deployed in Europe will increase from 3GWh in 2020 to 12.8GWh in 2025.
• European household optical storage systems will increase by 44% in 2020, and 140,000 sets will be installed.
According to reports, the European Photovoltaic Industry Association recently announced that according to the forecast of the European residential photovoltaic market in the next few years, the European residential photovoltaic and energy storage market will grow by more than 400% by 2025. The installed residential energy storage system capacity It will increase from 3GWh in 2020 to 12.8GWh in 2025.
The European Photovoltaic Industry Association recently released a survey report on the "European Household Battery Energy Storage Market Outlook" covering 2021-2025.
The report analyzes the synergy between household photovoltaics and energy storage systems. The survey shows that in 2020, the number of household solar energy storage installations in Europe has increased by 44% to 140,000. This marks the first time that Europe has installed more than 100,000 household energy storage systems within 12 months, setting a new milestone for the European energy transition.
As European countries are in trouble during the recent energy price crisis, the report demonstrates the cost-effectiveness of installing energy storage systems to support household photovoltaics. The cost of electricity per kilowatt-hour of household users who installed household optical storage systems in Germany was 12.2 Euro cents/kWh last year.
Germany has the highest proportion of installed battery energy storage systems for household photovoltaics, accounting for 70% of the newly added energy storage capacity in Europe. The five major markets of Germany, Italy, the United Kingdom, Austria and Switzerland have installed 93% of household optical storage systems in Europe.
Walburga Hemetsberger, CEO of the European Photovoltaic Industry Association, said: "With the popularity of household photovoltaics, more and more households realize that energy storage systems can maximize the value of household photovoltaic systems. Although Europe is increasingly receiving The impact of energy price shocks related to natural gas, but photovoltaic and energy storage systems are clear answers to energy price fluctuations."
Hemetsberger continued, “The combination of photovoltaics and energy storage is the key to achieving EU climate neutrality by 2050. It will not only enable the EU to increase the generation of renewable energy, but also importantly, photovoltaics and energy storage will be at their peak. Homes and businesses provide reliable, clean, and cost-effective energy. Energy policymakers must recognize this huge potential and highlight the characteristics of distributed energy storage when revising the national energy and climate plan."
And Michael Schmela, Director of Market Intelligence of the European Photovoltaic Industry Association, said: “The EU Clean Energy Package provides EU member states with clear solutions to promote the promotion and deployment of battery energy storage systems in the European continent. We hope to see households in other European countries. The market for energy storage systems is booming and helps household users avoid the impact of rising energy prices. Therefore, it is hoped that other European countries will need to speed up their actions to fully implement the clean energy package."
Schmela continued, “In order to ensure that the market demand for photovoltaics and energy storage can be met, while maximizing its flexibility potential, European countries must strengthen and modernize their power grids, and must be participatory and regular at the transmission and distribution level. For grid planning, power system operators must increase transparency about current and future power system requirements."
Raffaele Rossi, a senior policy analyst at the European Photovoltaic Industry Association, said: “In order to meet the future demand for green energy and realize the development potential of photovoltaics and energy storage, Europe must formulate future-oriented EU battery regulations to support the competitiveness of the industrial sector, and Avoid burdening manufacturers or hindering investors’ investment. Creating a sustainability and quality framework for battery energy storage system requirements is essential, but any framework must avoid adverse effects on the market.”
