Mottcell New Energy: China's energy storage technology is critical to whether Europe can survive the energy crisis

Seeing that autumn will pass, winter is coming. In the conflict between Russia and Ukraine and the Nord Stream, Europe seems to be facing energy difficulties.

Worse still for Europe, the recent explosion of the Nord Stream gas pipeline reduces the energy sources that can safely reach EU countries and further deepens the local energy crisis.

Under the crisis, the "energy storage" industry seems to be the "savior" of Europe. According to foreign media reports, European Union Vice President Marosh Chevchovich said on October 12 that energy storage will play a key role in solving the European energy crisis.

Energy storage can be divided into two concepts, which can be divided into two types, namely industrial and commercial energy storage and home energy storage. Home energy storage is also known as household energy storage. Unlike industrial and commercial energy storage, most households still choose affordable mobile reserve equipment compared with large reserve systems. Household energy storage not only solves the problem of energy shortage of ordinary residents, but also enters thousands of households.....

The author has noted that some Chinese energy storage companies are playing a positive role in maintaining energy stability in Europe, and that their energy storage products are known for their high cost performance.

According to Shenzhen Shanmu New Energy Technology, the continuous outbreak of energy storage demand in Europe is conducive to Chinese energy storage companies.

Home energy storage, but also in Germany

The European home energy storage market has ushered in an outbreak period. However, in various European countries, Germany is currently the main force of European home energy storage.

Germany is not only the world's largest market for household energy storage, but also the largest penetration rate of optical storage capacity in the world. In the global home storage market, Germany has far more than other countries. In terms of shipments, Germany is also at the top.

According to wind data, in 2021, the new household energy storage in Germany was 1.48GWh, up 45%, accounting for 34% of the global market, and the cumulative installed capacity was 3.92GWh, up an increase of 60.6%, accounting for 32% of the global market.

Why is household energy storage developing so well in Germany?

This also starts with the German policy, Germany through the tax relief policy, energy storage economy has been connected.

According to foreign media reports, the German cabinet passed the 2022 tax bill, unqualified rooftop photovoltaic income tax, as well as value-added tax for household and public building photovoltaic systems, since early 2023.

The author believes that Germany has a good new energy infrastructure construction, which provides great convenience for the development of energy storage.

According to German market research firm EUDP Research, 85 percent of Germany's residential battery storage systems will be deployed along with new residential solar power facilities.

This means that the electricity generated by solar power facilities in Germany can shift directly from the grid to the home storage side. The remaining 15 percent of the home energy storage systems will be deployed along with the residential solar power facilities in operation.

At the same time, the sharp increase in electricity prices in Germany is also forcing the development of home energy storage in Germany. Germany's current base load electricity prices rose 13.3 percent to a new high of 555 euros per megawatt hour, according to caUNAP data on August 16.

In addition, I noted that our Chinese enterprises have also played a positive role in promoting the development of household energy storage in Germany. The energy storage equipment of Chinese enterprises has been highly praised.

According to Yamamu, " Residents are afraid of a sudden power failure at some point."He added the energy storage devices cost hundreds to thousands of euros and" many are made in China, " he said.