Shenzhen/Munich, April 22, 2020 – BYD Co. Ltd., one of the world’s largest manufacturers of rechargeable batteries, has been ranked as one of the top market share holders for residential storage systems in Germany by EuPD Research. BYD and sonnen had the highest market shares at 19% and 20% and clearly dominated the market for residential energy storage, with BYD representing the most successful Asian brand in the market segment. According to the market analysts the demand for residential energy storage continued to increase in Germany last year. With a total of 206,000 residential batteries installed by the end of the year, the market volume doubled in just two years.
EuPD sees the demand for electric vehicles and household solar combined with rising electricity prices as key drivers of the increasing demand for storage systems. Just as important are the additional solar installations and trend towards self-consumption. A joint installation of solar PV systems with battery storage currently makes up almost 90% of all residential installations in Germany. According to calculations of the market and economic research firm, the number of residential energy storage systems amounted to 65,000 in 2019. This includes new installations as well as retrofitting solar PV systems with energy storage. These numbers show that the German residential battery storage grew by 44 percent in 2019, compared to the numbers of 2018.
“We are delighted about the high market demand and success of our Battery-Box storage systems”, said Julia Chen, Global Director BYD Battery-Box. “Since the launch of the first generation of our modular Battery-Box series we have gained the trust of both installers and end-customers due to the many thousands of successfully installed and securely running systems in the market as well as due to industry seals, certifications, rankings as the most efficient storage system on the market and market analyses by trusted research firms such as EuPD.”
After the successful launch of the Battery-Box system BYD announced the latest generation of the series “Battery-Box Premium” in December 2019. Just like the award-winning predecessor models, the Battery-Box Premium line is based on BYD’s lithium-iron phosphate (LFP) technology for maximum safety, life cycles and power. The new generation meets the toughest industry standard across the world. The new system generation combines all the popular features that made the system a top choice among installers and end-customers with additional system features and helpful tools for installers, based on valuable feedback from partners and clients. The systems is even more flexible and scalable, covering an even wider range of application scenarios while providing an even higher energy density and an even smaller footprint. All models are capable of high-powered emergency-backup and feature both on- and off-grid functionality.
EuPD’s market share calculations for residential storage in Germany are based on a number of comprehensive surveys of manufacturers, solar PV installers and residential end consumers, complemented by further in-house research data.
More details and graphics based on the EuPD research results can be found here.
About BYD
BYD Company Ltd. is one of China’s largest privately owned enterprises. Since its inception in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development, successfully expanding its renewable energy solutions globally with operations in over 50 countries and regions. Its creation of a Zero Emissions Energy Ecosystem – comprising affordable solar power generation, reliable energy storage and cutting-edge electrified transportation – has made it an industry leader in the energy and transportation sectors. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges. More information on the company can be found at http://www.byd.com.
- News
- Press Releases
- Renewable News
- Solar
More from across PES
Emerson to showcase Floor to Cloud™ factory automation solutions at Hannover Messe 2024 (Hall 11, Booth C20)
United Kingdom, (Apr. 3, 2024) – Emerson: Global technology, software and engineering leader, Emerson will present the future of automation through its Floor to Cloud™ approach and innovative automation solutions at Hannover Messe in Hannover, Germany on April 22-26, 2024. Emerson will demonstrate how real-time visibility and control can drive sustainability, enhance overall equipment effectiveness… Read more »
ABB’s new Modular Synchronous Generator delivers flexible backup for the energy transition
20 MW class provides new opportunities for peak shaving, intermediate or continuous baseload operation Design enables integration of flywheels to help operators add inertia to tackle their grid code challenges New approach to cooling increases efficiency ABB has developed the new Modular 20-megawatt (MW) class synchronous generator as a flexible, scalable approach to balance… Read more »
POWER2DRIVE EUROPE: CONTRIBUTING TO THE ENERGY TRANSITION WITH BIDIRECTIONAL CHARGING
Munich/Pforzheim, April 25, 2024 – In the coming years, e-mobility is set to play an increasingly important role in the energy transition. But it’s about much more than driving on climate-neutral electricity from renewable sources: The batteries of electric vehicles can be used as temporary storage. And it’s not just vehicle owners who benefit from… Read more »
Ørsted inaugurates the Asia-Pacific region’s largest offshore wind farms
Ørsted is proud to announce the inauguration of the Greater Changhua 1 and 2a offshore wind farms in Taiwan. With a total installed capacity of 900 MW, the two offshore wind farms are in operation and fully connected to the grid, making them the largest of their kind in Taiwan and in the Asia-Pacific region. Today’s inauguration… Read more »
‘Invisible met mast’ deployed at Wilson Renewables’ Bankend Rig III Wind Farm
Natural Power’s Wind Resource Assessment sees 12-month wind Lidar campaign with ZX Measurement Services The Wilson family supports clean energy generation with the aim of contributing to ‘Net Zero’ and protecting the planet for future generations. Bankend Rig 3 is the latest proposed development by Wilson Renewables, a subsidiary of Wilson Forest Products, consisting of… Read more »
BW Ideol unveils its standard floating foundation for mass production with a disruptive market approach
During the FOWT event in Marseille, BW Ideol, one of the global leaders in the sector, unveiled its brand-new market approach combining standardization and mass production to a selected panel of utilities and partners. With over 22 GW already awarded in Scotland, around 8 GW in the USA, and several GW currently being awarded or… Read more »
Associated British Ports to showcase sector leading experience at Offshore Wind Connections conference 2024
Chemitek Solar’s Solar Wash Protect and Water Softening Agent are the World’s first products proven safe to use on Floating PV
ABB manufacturing site in Santa Palomba reducing carbon emissions by 675 tons a year
LONGi introduces Tera silicon wafers for TOPCon, heterojunction and back-contact cells
Online Magazine Reader
- Solar/PV
- Wind
- China