Key Drivers of the German Residential Energy Storage Market

by Jul 5, 2022

Energy storage in Germany has been on the rise for a few years now, with the industry showing substantial annual growth. The residential market, especially, has seen a surge in demand, with independent users shifting to clean energy sources for their residential energy needs. The residential market involves a large number of residential projects that are predominantly catering to individual users. These storage systems are sometimes installed with renewable generation equipment such as solar PV or are installed as standalone systems in other instances. The growth in the residential storage market is due to the polices and incentives introduced by state/city governments, and it is expected to grow substantially as Germany achieves its clean energy goals.

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