Solar storage system costs in Germany dropped by a quarter last year. Along with the low-interest loans and repayment grants (up to 25%) for photovoltaic installations with battery storage systems offered by the KfW bank, this suggest that the number of PV system owners who also install battery storage systems will continue to grow.
Storage systems boost the amount of solar power that can be consumed on site and ease the burden on the power grid. Over 20,000 German households are already reaping the benefits of solar storage systems, as the solar power generated on-site costs as little as half the price of power purchased from energy suppliers. These systems also allow domestic users to provide for a significant proportion of their energy consumption with their own solar power during the evening, enabling them to wave goodbye to rising electricity prices.
The German think tank Agora Energiewende (Energy Transformation Initiative) estimates the combined potential of the German market at up to 200 GW of storage capacity. Growth is spurred on by steadily diminishing investment costs. While predictions see the lion’s share lies in the area of battery storage systems for e-mobility, single home storage systems and storage devices for commercial applications and balancing reserves are also unlocking enormous market potential with their output of up to 68 GW.
The Intersolar and ees Europe exhibitions are showcasing the entire spectrum of innovative storage solutions in Munich from June 22–24, 2016. Expert presentations at the ees Forum on all three days of the exhibition keep visitors up to date with the latest industry news and information. The program for the ees Europe Conference, which takes place from June 21–22, 2016, includes global market analyses, technological innovations, private and commercial applications as well as topics relating to battery production and safety.
June 21-22, 2016 | ees Europe Conference
June 22-24, 2016 | ees Forum