Germany Hamburg integrated energy storage cabinet wholesale price

Does Germany need energy storage?

The need for energy storage is moving up policymakers’ agenda. The German government launched a strategy on electricity storage in December 2023. In this context, a study by the leading German energy consultancy, Frontier Economics, offers important evidence on the future role of energy storage for the German power system.

How much does Germany spend on EV and stationary battery research?

Germany spends between EUR 80 million and EUR 85 million every year on public research and development incentives for EV and stationary battery research. As the European lead market in the energy transition age, Germany offers opportunities for companies to develop, test, define, and market new energy storage solutions.

How big will Germany's storage system be by 2030?

The output of large-scale storage systems in Germany is predicted to increase to 15 GW / 57 GWh by 2030, driven by sharply falling costs for battery storage and a constantly growing demand for flexibility in the electricity system. This corresponds to a forty-fold growth in the storage capacity compared to today’s 1.4 GWh.

Why is Germany the first choice for energy storage companies?

Germany stands out as a unique market, development platform and export hub for energy storage companies. While the demand for energy storage is growing across Europe, Germany remains the European lead target market and the first choice for companies seeking to enter this fast-developing industry.

Is energy storage an independent pillar of the power system?

In the absence of a firm definition of storage as an independent pillar of the power system, the rules developed for producers and consumers in German energy law continue to apply to energy storage.

What is the value of an accelerated storage rollout in Germany?

The value of an accelerated storage rollout in Germany is staggering. This has been confirmed by a study by the German energy consultancy Frontier Economics. Storage capacity will grow 40-fold to 57 GWh by 2030 with a cumulative power rating of 15 GW, leading to €12bn added economic value by 2050.