Market analysis: The battery storage market is growing

10. May 2023

For an electricity system that consists more and more of renewable energies, storage systems offer enormously important flexibility. pv magazine refers to battery storage systems in the context of a latest publication to the storage market now as a "hidden champion".

Decarbonisation of power generation

In many countries, ambitious targets have already been formulated to decarbonise electricity generation in order to achieve a largely carbon-free electricity supply by 2050 or earlier. Storage technologies make it possible to store surplus electricity from renewable sources and feed it into the grid when needed. In addition, more and more industries are being electrified and higher energy demand peaks have to be covered.

Germany and Great Britain take the first places

Market monitoring now shows that Germany and the UK top the rankings in the storage sector. The coal and nuclear phase-out and the German government's plans to increase the share of green electricity generation from wind and solar energy by 40 percentage points also make the expansion of storage technologies necessary. Great Britain also has ambitious plans: in addition to the expansion of large offshore wind projects, the government is also planning the addition of photovoltaic plants in the gigawatt range.

Other European countries such as the Netherlands, but also Spain and Italy will significantly increase the share of renewable energies in their electricity mix. The nuclear nation of France is less attractive because of its focus on nuclear energy. The authors of the market analysis attribute limited potential to the Nordic countries and Poland. In Sweden, Finland and Norway, a late phase-out of coal, the limited possibilities for expanding renewable generation plants and the heavy use of hydropower are slowing factors.

Request offer now

STABL offers commercial, industrial and agricultural businesses the opportunity to store their regeneratively generated photovoltaic electricity. For battery storage, STABL uses batteries that can no longer be used in electric vehicles because they have reached their capacity limit.