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13 Mar 2020, 14:06
Sören Amelang

German energy storage market grows 10 percent to 5.5 billion euros

Clean Energy Wire

Germany's energy storage sector recorded sales growth of 10 percent to 5.5 billion euros in 2019 and expects a "continuation of the positive market development", according to industry association BVES. Industrial applications recorded a particularly strong increase to 1.3 billion euros "to become the energy storage industry's most important market segment." Companies used storage to secure an uninterrupted power supply as an emergency back-up for the management of peak demand or to decarbonise, the lobby group said. "Additionally, a rising demand for thermal energy storage was partly driven by the upcoming introduction of a CO2 price”, the association said.

The BVES said the storage company also recorded rising demand for home storage systems, boosted by the shift to e-mobility. According to a report by pv magazine, 182,000 home storage units were installed in Germany at the end of the year, the vast majority of which in combination with a solar PV array, and the industry expects the installation of an additional 65.000 units this year.

Germany's rapidly rising share of weather-dependent renewable energy makes the country a testbed for storage technologies, to enable its use when there is only little or no sun or wind power available. Truly large-scale storage might not be essential for decades to come, but the technology has started to spread small-scale in the form of batteries in cars, homes and companies.

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