Household energy storage has exploded in Europe, and the United States has accelerated growth!

Core point:

The demand for energy storage is growing rapidly.

In 2022, the world will usher in a new stage of household energy storage explosion, and the penetration rate has room to increase tenfold! Due to the maturity of energy storage technology and cost reduction, energy storage will start to grow rapidly in 2021. In 2022, due to the rising energy costs and electricity prices in Europe, superimposed on the Russian-Ukrainian war and large-scale power outages overseas, residential electricity costs are high and power supply stability is poor. The high growth of household photovoltaics has brought about an unexpected outbreak of the household energy storage market.

 

 

Driven by European policies and economics, household savings have exploded, and U.S. household savings have grown rapidly. The installed capacity of household storage in Europe has shown explosive growth. Among them, Germany is the largest household storage market in the world. This year, the electricity price of German residents will reach more than 40 euro cents/kwh, which is three times higher than that at the beginning of 2021. The payback period of the optical storage system is 7-8 years. For example, considering the introduction of tax relief or direct subsidies by various countries, the payback period of investment will be further shortened to 2-3 years. (Report source: Future Think Tank)

 

 

Other countries in Europe, such as Italy, Poland, the United Kingdom, and the Czech Republic, are also accelerating their growth. We expect that the installed capacity of household energy storage in Europe will reach 10/23GWh in 2022/2023, an increase of 378%/133%. Chinese battery and inverter companies are in High recognition in Europe, fully benefiting from the outbreak of European household savings demand! Local dealer installers also benefit greatly. High electricity prices in the United States + poor power supply system, saving electricity costs based on self-use and peak-valley arbitrage, and the demand for household storage grows rapidly. The U.S. household storage market focuses on local brands (Tesla/Enphase, etc.), and Chinese companies are gradually infiltrating industrial, commercial and ground energy storage. China's household storage economy is not high, but the local implementation of the mandatory allocation and storage policy, and the continuous increase in the peak-to-valley electricity price difference between industry and commerce, distributed energy storage is expected to gradually increase.