# Home battery sales in Germany may surge 59% this year -study
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-03-28
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: German Home Battery Sales Set to Jump 59% in 2023
Meta Description: German sales of batteries to store solar energy at home set to surge as more residents seek cheaper, renewable and reliable power supply. Industry forecast 1
URL: https://financedigest.com/home-battery-sales-in-germany-may-surge-59-this-year-studyhtml

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FRANKFURT (Reuters) – German sales of batteries to store solar energy at home may jump 59% this year as more residents seek a cheaper, renewable and more reliable power supply, industry association BVES said on Tuesday.

“We expect to be cracking the 1-million-unit level in 2023,” said BVES, presenting an industry-commissioned study undertaken by advisory group 3Energie Consulting.

It forecast sales of 385,000 units, adding to the 650,000 reached at the end of 2022, and taking the total to 1,035,000.

German households have 2.65 million rooftop [solar photovoltaic systems installed that produce power](https://www.financedigest.com/public-power-corp-rwe-to-build-five-solar-farms-in-greece.html "Public Power Corp, RWE to build five solar farms in Greece") at home. However, before residential batteries were available to store the energy, the electricity produced by the panels went [exclusively to the grid](https://www.financedigest.com/exclusive-europe-ready-for-baltics-emergency-switch-off-from-russian-grid.html "Exclusive: Europe ready for Baltics emergency switch-off from Russian grid").

More families, typically in detached homes, are now buying [batteries as they become](https://www.financedigest.com/volkswagen-to-invest-in-mines-in-bid-to-become-global-battery-supplier.html "Volkswagen to invest in mines in bid to become global battery supplier") cheaper.

[Sector turnover could rise](https://www.financedigest.com/guess-what-public-sector-adoption-of-e-invoicing-on-the-rise.html "GUESS WHAT? PUBLIC SECTOR ADOPTION OF E-INVOICING ON THE RISE!") by 25% year-on-year to 3 billion euros ($3.23 billion) in 2023, up from 2.4 billion in 2022, when they had risen by 85%, 3Energie presentation slides showed.

[Sales are also being driven by high energy prices in the wake of Russia turning off the gas taps to western Europe, homeowners’ wishes for independence from centralised suppliers and increasing sales of electric cars](https://www.financedigest.com/mercedes-posts-rise-in-q1-sales-boosted-by-evs-premium-cars.html "Mercedes posts rise in Q1 sales boosted by EVs, premium cars"), which can be charged with home-produced power.

These drivers will be unchanged, resulting in further [expanding growth; production facilities have been extended,” the consultancy said about 2023](https://www.financedigest.com/ebo-ai-expands-uk-market-following-rapid-company-growth.html "EBO.ai expands into the UK market following rapid company growth").

There is also synergy among various renewable energy applications, it noted. Some 40% of households that use solar batteries also use [electric pumps to provide home heating, many complemented by a buffer storage unit, and 36% of them also own an electric car](https://www.financedigest.com/electric-car-insurance-your-questions-answered.html "Electric car insurance: your questions answered").

Total sales in the household segment, which also includes heat pumps and buffer storage, rose 61% in 2022 to 7.1 billion euros and could climb 45% this year to 10.3 billion, it said, noting that [tight labour supply](https://www.financedigest.com/ceraweek-europe-gas-supplies-to-stay-tight-2-more-winters-equinor-ceo-says.html "CERAWEEK-Europe gas supplies to stay tight 2 more winters, Equinor CEO says") to install the hardware was a problem.

Leading [home battery vendors in Germany](https://www.financedigest.com/germany-home-prices-to-sink-nearly-6-this-year-reuters-poll.html "Germany home prices to sink nearly 6% this year – Reuters Poll") include sonnen, owned by Shell, Solarwatt, E3/DC, Senec, LG Chem and Tesla.

($1 = 0.9287 euros)

(Reporting by Vera Eckert, editing by Miranda Murray and Sharon Singleton)


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