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energy storage prices come down

From large-scale storage systems to domestic storage systems and e-mobility – ees Europe, Europe’s largest and most visited exhibition for batteries and energy storage systems will be dedicating itself to versatile applications for energy storage systems from 31 May – 2 June, 2017.

Falling prices are leading to rapid and uncurbed market growth. In 2017, ees Europe offers manufacturers, suppliers and consumers the ideal platform to find out all about innovations and trends in the industry. The energy storage sector is booming. According to a forecast by the German Solar Association (BSW-Solar), 60,000 solar storage systems are expected to be installed before mid-2017 in Germany alone.

One of the factors driving this is price development. Over the last three years, the costs of solar storage systems – in particular lithium-based systems – have plummeted by around 40%. The German Solar Association expects 170,000 new systems to be installed by 2020.

Low prices drive the energy transition

The falling prices are directly related to the rising number of installations being deployed: the more storage systems are sold and installed, the more manufacturers produce. Innovative designs, new technologies and automated production processes all contribute to lowering manufacturing costs, while raw materials are becoming cheaper to purchase. This enables storage system suppliers to offer customers more attractive prices. But it is not only storage systems that are becoming cheaper for consumers: photovoltaic installations have also seen a drop in prices, making them particularly attractive for homeowners.

The right storage technology can help private homes and companies alike to make an important – and affordable – contribution to the energy transition.

E-mobility: Market expansion due to mobile storage systems

On top of this, there are some new players in the market. Alongside traditional battery and storage system manufacturers, more and more large automotive companies are setting up production facilities for batteries. The topics of e-mobility and mobile storage systems are among the most important trends of the year. The new mobile applications are also serving to expand the market, which until recently was dominated by stationary storage systems.

A varied program

As these systems become increasingly profitable, the trend towards photovoltaic and energy storage systems is set to continue in the years to come. For this reason, ees Europe has dedicated its accompanying program to the future of mobile and stationary storage systems.

The special exhibit E-Mobility & Renewable Energy focuses on the energy mix of the future, new business models and storage solutions for electric vehicles. And in addition, the ees Europe Conference, which takes place at the same time as Intersolar, is shining a spotlight on e-mobility. Together with the ees Forum, the conference creates a space for experts to share their experience in all the topics that concern the industry, with discussions and presentations on topics such as the market development of energy storage systems, new technologies for rechargeable batteries, battery production and alternative storage technologies that do not use batteries, as well as uninterruptible power supply systems.

The highlight of the three days dedicated to energy storage systems and batteries is the ees Award, which pays tribute to pioneering products and solutions for stationary and mobile electrical energy storage systems. The Award winners will be announced in a ceremony on 31 May, 2017 at 5:00 p.m. at the Innovation and Application Forum (hall A4, booth A4.530).

Labels: energy storage,ees Europe,battery,lithium ion,solar storage,backup,off grid

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