Total residential battery capacity in Europe is expected to reach 9.3 GWh by 2022, powering over 1m households, SolarPower Europe research
59% of the European marketIn Europe, total home battery capacity spiraled from 650,000 installed in 2021 to one million home batteries in 2022. According to SPE, Europe now has enough home batteries to power more than every Latvian household.The most recent data on home batteries installed in European homes, which are used to support rooftop solar PV systems, show a clear trend of consumers seeking protection from rising electricity prices.
In 2021, the European residential battery storage market added more than 2.3 GWh and more than 200,000 individual units. Those were two new records. Yet 2022 has been even much bigger. Walburga Hemetsberger, CEO of SolarPower Europe, said: “Solar and storage are the perfect pair. Batteries supply the power of the sun, around the clock. In years defined by high retail electricity prices, solar & storage helps to reduce electricity bills. It is no surprise that consumers are installing record numbers of battery powered homes every year.
Michael Schmela, Director of Market Intelligence at SolarPower Europe, said, “An occasionally overlooked technology, batteries have essentially become a standard component of household solar systems in leading markets. This success story needs to be replicated across Europe. European policymakers must recognise and follow the clear market signals coming from their citizens.
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