Sales of German residential battery units could increase by 67% in 2022 – study

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A lithium battery from startup ‘sonnen’, formerly known as Sonnenbatterie, is seen in Berlin, Germany October 14, 2016. REUTERS/Axel Schmidt

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FRANKFURT, April 6 (Reuters) – Sales of household electric batteries in Germany could jump 67% in 2022 as residents use energy storage technology for a cheaper, renewable and more reliable power supply, the government said. BVES industry association.

“High energy prices and the search for security of supply will give a new impetus to household storage batteries in 2022,” BVES said on Wednesday, presenting an industry-commissioned study undertaken by 3Energie Consulting.

Sales of home power battery units could rise 67% this year, from 430,000 at the end of 2021, according to the report.

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By April, that number had already risen to 500,000, representing 2.5 gigawatts (GW) of capacity, or the equivalent of one or two large nuclear power plants.

The number of units for the end of 2021, mainly installed in houses with rooftop solar power generation, increased by 145,000, or 50%, compared to 2020, and is 14 times higher than in 2015.

Germany has 2.2 million solar photovoltaic systems that produce electricity at home. Before residential batteries were available, the electricity generated went exclusively to the grid.

Today, more people are buying batteries as they get cheaper and bigger, further spurred on by a quest for range amid spiraling energy bills.

Households, typically families with single-family homes, have retrofitted their homes to store excess electricity for general use and, increasingly, to power electric cars and heat pumps.

Major domestic battery suppliers in Germany include domestic players Senec (EBKG.DE), Shell-owned sonnen (SHEL.L) and E3/DC, and foreign players such as LG Chem (051910.KS) and Tesla ( TSLA.O). Read more

Overall sales for the storage industry represented by BVES rose 29% last year to 8.9 billion euros ($9.7 billion), and could rise by that percentage again in 2022, a said 3Energy, adding that the potential was uncertain.

Yet there were obstacles to sales in the form of bottlenecks in logistics and the supply chain, which had led to shortages of raw materials and components, and the availability of skilled labor was restraint.

Household storage batteries for electricity and heat accounted for 4.4 billion euros of total sales, which included pumped storage plants and grid-sized batteries to help power plants and consumers d industrial energy to regulate the flow of electrical power.

($1 = 0.9170 euros)

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Reporting by Vera Eckert Editing by Bernadette Baum

Our standards: The Thomson Reuters Trust Principles.


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