“German Energy Storage Market to Reach $1B by 2021”
Germany’s energy storage market will see significant growth between 2015 and 2021 to reach an annual value of 1.03 billion US dollars (about 0.93 billion euros), according to a new study by GTM Research. This is to be triggered in part by Germany’s residential energy storage market. “A number of variables, including declining feed-in tariffs, high electricity prices, and the KfW 275 program, are fuelling substantial interest in residential energy storage for self-consumption,” says Brett Simon, GTM Research energy storage analyst and author of the report. At the end of 2015, Germany had 67 megawatts of energy storage - with a value of 169 million US dollars -installed, writes Mike Munsell in an article for the research division’s parent company Greentech Media.
You can read the article in English and buy the full report in English .
Read more about energy storage in the 91tv dossier New technologies for the Energiewende.