Experts predict fourfold increase in energy storage volume in Europe
data-center-g29a53afab
The numbers of household-based storage batteries in Europe will see a more than fourfold increase by 2025, according to a forecast by analysts at SolarPower Europe.

The volume of batteries will increase from 3 GWh in 2020 to 12.8 GWh in 2025 – as reported in the company’s annual review of the European Market Outlook for Residential Battery Storage.

    According to new data, the number of solar batteries and storage systems in residential homes in Europe rose by 44 % last year to 140,000. And the system of storing solar energy has proved economically viable.

    “Last year, the number of households in Germany installing premium-class solar batteries and storage systems benefitted from the levelised cost of electricity of 12.2 EUR cents/kWh – nearly one third of the typical electricity price,” SolarPower Europe noted.

    And German residents were the most active in Europe in stalling solar batteries in their homes. In overall terms, Germany, Italy, Great Britain, Austria and Switzerland accounted for 93 % of new solar batteries and storage systems installed in Europe.

    According to the median scenario, the volume of storage facilities in European households in 2021 will total 4.4 GW and 12.8 GW in 2025, with an annual increase of 20 %. Under the most optimistic scenario, their capacity could reach 14.6 GW by the end of 2025, compared to 10.2 GW under the most pessimistic scenario.

But Michael Schmela, Head of Market Intelligence at SolarPower Europe, noted that maintaining that pace of growth means that “we must reinforce and modernise power grids”.And Raffaele Rossi, Senior Policy Analyst at SolarPower Europe added: “To meet future green energy needs, and realise the potential of solar & storage, Europe must develop a future-proof EU Battery Regulation which supports the competitiveness of strategic industrial sectors, and avoids burdening manufacturers or dissuading investors. It is crucial to establish sustainability and quality frameworks for battery requirements – but any framework must avoid distortive effects on markets.

Share:

Share on facebook
Facebook
Share on telegram
Telegram
Share on email
Email
Share on twitter
Twitter
Share on vk
VK
Share on odnoklassniki
OK
Share on reddit
Reddit

Add comments

Your email address will not be published. Required fields are marked *

1650 hydrogen molecules per hour

The Novosibirsk scientists have proposed a new efficient method for synthesis of a highly active photocatalyst for hydrogen production under the action of sunlight. The materials developed are porous “sponges” made of graphite-like carbon nitride with platinum nanoparticles. The system showed one of the highest values of photocatalytic activity, among all known analogues, with a low content of noble metals, the Russian Science Foundation says.

read more ...

Metal-organic frameworks for CO2 capture

British renewable energy company Drax along with Promethean Particles, a metal-organic framework manufacturer and the University of Nottingham is going to test an innovative CO2 capture unit at the bioenergy power plant in North Yorkshire. If the tests are a success, Drax will launch construction of a full-fledged commercial analogue in 2024, its first stage will be put into operation in 2027, and the second one – in 2030.

read more ...

Rae Kwon Chung: the new climate economy can be a job generator

Transition to a sustainable economic development model focused on investment in the planet’s resources and human capital increase will lead to rapid generation of new jobs. Rae Kwon Chung, Chairman of the International Award Committee of the Global Energy Prize, talked about this in the lecture The New Climate Economy and Carbon Neutrality on May 19 as part of the New Horizons online forum arranged by the Russian Znanie Society.

read more ...

Archives


December 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031