The report predicts that the capacity of the European household energy storage market will reach 12.8GWh by 2025

　　The European Photovoltaic Industry Association recently released an annual market survey report predicting that the European residential energy storage market will show an upward trend and continue to accelerate growth. The combination of economic and non-economic driving factors will achieve 400% growth within five years. In 2020, the cumulative number of residential battery energy storage systems deployed in Europe has exceeded 100,000, with a total energy storage capacity of 3GWh. By 2025, the total capacity of residential battery energy storage systems deployed in Europe will reach 12.8GWh.

　　Germany has become the largest household energy storage market in Europe, driven by environmental issues and the desire for energy independence. The electricity bill for residential users who use residential solar + energy storage systems is nearly one-third lower than that of users without deployment, and the price is 0.122 Euro (US$0.137)/kWh. About 60% of residential solar power generation systems in Germany are deployed with battery energy storage systems, and high electricity prices are a direct factor driving this trend.

　　Walburga Hemetsberger, CEO of the European Photovoltaic Industry Association, said: "With the popularity of residential solar energy, more and more household users realize that battery energy storage systems will maximize the value of their residential solar power generation systems." For the development of 2021, The European Photovoltaic Industry Association predicts that the situation is more similar, and the cumulative energy storage capacity will reach 4.4GWh.

　　Perhaps less optimistic is that only a few countries in Europe are keen on energy storage deployment. The deployment of energy storage in Germany, Italy, the United Kingdom, Austria and Switzerland accounted for 93% of the European energy storage market, and Germany alone accounted for 70% of the total European energy storage deployment in 2020. The European Photovoltaic Industry Association said that the current ratio may remain unchanged, and even by 2025, these five countries may account for 88% of the share.

　　Walburga Hemetsberger said, “The combination of solar power generation facilities and energy storage systems is the key to achieving climate goals by 2050. It will not only enable the EU to increase the share of renewable energy, but also importantly, solar + energy storage projects will provide homes Provide reliable, clean, and cost-effective energy to homes. National policymakers must recognize this huge potential and consider deploying more distributed energy storage systems when revising the national energy and climate plan."

　　The association believes that the implementation process of the EU's clean energy package is too slow. The clean energy package includes guidelines for the development of regulations to support consumer and self-consumable business models—that is, allowing users to use electricity from residential solar power facilities or sell to each other instead of supplying it to the grid, but so far, only A few EU member states incorporate it into their national standards and regulations.

　　According to the report, as Germany has shown, mature markets with strong economic drivers no longer need subsidy programs, but in other markets, some support programs may be needed to stimulate market interest.

　　Raffaele Rossi, a senior policy analyst at the European Photovoltaic Industry Association, said that the value of the energy storage industry to Europe (both economically and environmentally) also needs to be reflected through future-oriented battery energy storage system regulations and other methods.

　　Rossi said this will support the competitiveness of the "strategic industrial sector" while avoiding overburdening battery manufacturers or hindering investors from investing. He said, “It is essential to establish a sustainability and quality framework for battery requirements, but any framework must avoid distorting the market.”

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect replacement for lead-acid batteries, and they are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　Solar power generation system with lithium battery energy storage system is a very promising clean energy.