German trade body predicts solar storage ‘boom’

Share on linkedin
Share on twitter
Share on reddit
Share on facebook
Share on email

Storage linked to PV is set to boom in Germany, according to GTAI.
The deployment of solar storage units in German is set to boom over the next few years in what has been hailed a “quiet revolution” for the PV industry.

A report by Germany Trade & Invest (GTAI), the federal government’s foreign trade and inward investment arm, cited figures suggesting sales of solar storage systems in Germany will rise from 6,000 last year to 100,000 by 2018.

GTAI said a combination of growing volumes of PV capacity and falling feed-in tariffs would spur the predicted growth.

The body highlighted that German PV generation peaked at around 15GW on 11 May 2014, briefly pushing prices into the negative.

“Balancing supply with demand in the grid presents operators with a significant challenge and leads to market price fluctuations. That is where storage solutions come into play,” said Tobias Rothacher, renewable energies manager at GTAI.

“Many solar installations will have paid for themselves in the next couple of years and some will soon reach the end of their 20-year feed-in tariff contract,” added Rothacher.

With modern and cheaper battery technology now available, GTAI said PV owners were able to store excess power during the day instead of feeding it into the grid at low prices and buying it back at night when it is more expensive, helping reduce grid fluctuations. And with feed-in tariffs set to fall this summer, GTAI said storage would make increasing economic sense.

“A number of factors are coming together that will lead to a boom in PV energy storage solutions in Germany,” Rothacher said.

Storage will be a major topic at this year’s Intersolar Europe taking place in Munich this week.

Some of the highlights of Intersolar Europe, including storage-related events, are previewed in this month’s issue of Solar Business Focus, here.

Read Next

August 9, 2021
A product recall has been announced for around 10,000 units of residential battery energy storage systems (BESS) by manufacturer LG Energy Solution Michigan in the US, due to potential fire risks.
July 30, 2021
Governor Doug Ducey of Arizona expressed delight yesterday as lithium-ion battery and stationary storage system manufacturer KORE Power selected his state for the location of a new gigafactory.
July 28, 2021
The European Union has raised the bar for standards in the battery supply chain with a set of regulations it intends to introduce, but a group of academics and industry experts has pointed out some drawbacks with its approach. One of those experts talks to about the implications for stationary energy storage systems.
July 8, 2021
NASDAQ-listed zinc-based electrochemical battery storage provider Eos Energy Enterprises has said that a subsidiary of Koch Industries has committed to investing US$100 million into the company.
June 9, 2021
Updated 18 June 2021: Microgrids have been installed across 26 Maldivian islands using 3.2MWh of battery storage systems with one shared SCADA system.

Most Popular

Email Newsletter