Germany s industrial and commercial energy storage shipment ranking

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 Germany a good place to invest in energy storage?

Germany is the European lead target market for energy storage investment. It stands out as a unique market, development platform, and export hub, making it the first choice for companies seeking to enter this fast-developing industry.

How many employees are there in Germany's energy storage business?

‘Great result’ And the number of employees in Germany’s energy storage business increased from 14,700 in 2020 to nearly 17,000 in 2021, according to the provisional figures.

Why did Germany's energy storage industry grow?

The Germany Energy Storage Association (BVES) said the growth in domestic and international revenues of companies registered in the country was achieved despite a sluggish industrial recovery from pandemic lockdowns and in the face of supply shortages and rising production and raw material costs.

Why is Germany a good place to study energy storage?

Germany is a good place to study energy storage due to its dense landscape of world-leading research institutes and universities active in the energy storage sector. They collaborate closely with industry to bring innovations to the market, and the federal government supports research and development in this field.

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.