From ESS News
EUPD Research is usually optimistic in regards to the European marketplace for residential battery vitality storage methods (BESS) with as much as 20 kWh capability. According to their “Electrical Energy Storage Report Europe”, the Bonn-based analysts count on sturdy demand this yr.
They count on round 5 GWh to be put in within the first half of the yr and a further 6 GWh within the second half of the yr. However, development within the continent’s largest markets could decelerate a bit – and as within the case of Germany, the variety of new installations could fall.
According to EUPD Research, round 270,000 dwelling storage methods will probably be put in in Germany within the first half of 2024, roughly equal to the identical interval final yr. However, analysts count on BESS installations in Germany to lower by 5% yearly. This is because of the slight uncertainty of electrical energy provide after the warfare in Ukraine, which significantly affected Germany and Italy – the 2 largest markets for dwelling storage in Europe.
A have a look at different European markets paints a blended image. Poland and Hungary are thought-about rising markets that, based on EUPD Research, will expertise appreciable development, particularly within the fourth quarter of 2024. The drivers are the massive variety of photovoltaic methods in non-public households and the necessity for better grid flexibility. In distinction, markets corresponding to Sweden and the Czech Republic, the place development was excessive final yr, are anticipated to sluggish.
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