Sales of solar batteries for German homes seen rising 26% in 2024

(Reuters, 14 Mar 2024) Sales of batteries to store solar electricity at home could jump by 26% in Germany this year as more households opt for cheaper and renewable energy supplies, industry association BVES said on Thursday.

German households have 3.7 million rooftop solar photovoltaic systems installed that produce power at home, data from national solar association BSW showed last month, highlighting that the potential market size is growing.

"The trend to self sufficiency and to safeguarding supply is driving the installation of energy storage systems in buildings and private households," said BVES, presenting an industry-commissioned study undertaken by advisory group 3Energie Consulting.(3EC) The consultancy forecast sales of electricity batteries at 4.8 billion euros ($5.25 billion) in 2024, up from 3.8 billion 2023, which exceeded 2022's number by 124%. Before residential batteries were available to store home-produced energy, electricity from photovoltaic panels went exclusively to the grid.

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Reuters, 14 Mar 2024: Sales of solar batteries for German homes seen rising 26% in 2024