From pv magazine Germany
RWTH Aachen University has reported that Germany deployed around 220,000 new residential batteries with a combined capacity of 1.2 GW/1.9 GWh last year, up 52% from the preceding year. The country's cumulative annual residential battery capacity reached 5.5 GWh at the end of 2022.
The researchers also revealed that the commercial and industrial (C&I) battery market grew by 24%, adding 0.4 GW/0.8 GWh of cumulative installed capacity last year.
In 2022, 47 utility-scale storage facilities with a capacity of 0.43 GW/0.47 GWh were installed in Germany, which corresponds to 910% year-on-year growth. The researchers said that Germany's total installed storage capacity hit 7 GWh across all segments.
RWTH Aachen also compared battery prices and noted an increase for the first time ever in 2022.
For residential devices, they estimate average costs at €1200 ($1,297)/kWh, which was 30% higher than in 2021. For commercial storage, the researchers gave a range of €580/kWh to €710/kWh. Depending on the size, this is an increase of 23% to 92%, they said.
Prices for large-scale storage batteries, meanwhile, ranged between €310/kWh and €465/kWh, which is between 42% and 54% higher than in 2021. Global prices for battery packs increased by 7% last year, according to the report.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
2 comments
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.