german home battery demand pushes storage above 5 billion euros - home battery storage

Homeowners who use cheaper batteries for rooftop solar units helped the German electricity storage market break through 5 billion euros ($5. 6 billion)
Marking for the first time last year.
Markets including utilities
Germany's BVES storage Federation said on Tuesday that the size of batteries and household equipment grew by 10% per year due to a sharp drop in technology prices.
The decline in module and battery prices encourages consumers to cut electricity bills by generating electricity on their own.
About 125,000 German households have installed batteries produced by companies such as Senec GmbH, Sonnen GmbH and Tesla Inc.
Cost per kilowatt
Solar power generation of 10 to 12 euro cents per kWh-
Compared to the average cost of 30 cents per kWh this year
According to the BSW solar Federation, it will take an hour to get electricity from the grid.
Nevertheless, the growth rate of retail and utilities
According to market watchers such as BVES and BloombergNEF, scale storage should be faster to meet soaring demand.
With the expansion of wind and solar power, the electricity of transportation and heating is driving consumption, and the pressure on the power grid is also increasing.
Even with home battery subsidies up to 5,000 euros, the typical 12-year amortization period for new retail solar investments in Germany is too slow to boost sales boom, BNEF said in a report this month.
This is still better than America. K.
There, the return period can last 23 years.
Industrial Market in Germany
BVES said that due to the saturation of the market, the price paid by grid operators for balanced services fell and the scale of power storage stalled in 2018.