According to Solar Power Europe, Europe's household energy storage capacity will reach 9.3GWh by the end of this year.

This is the medium scenario proposed by the solar PV industry trade. In its pessimistic and optimistic scenarios, the capacity by 2026 would be 23 GWh or 44 GWh, respectively.

Last year's installed capacity was about 2,294MWh, and SolarPower Europe in its medium scenario expects to develop 3.9GWh in 2022, an increase of 71%. the 2022 figure corresponds to the installation of about 420,000 panels, which would take continental Europe over the million mark.

Household energy storage has become an attractive means of reducing electricity bills, especially in a year of soaring electricity costs and growing interest in energy resilience and low carbon footprints. The growth of residential solar has also benefited from various government incentives, which has set the stage for the energy storage market to take off.

The energy storage add-on rate for solar has increased from 23% in 2020 to 27% in 2021.

Unsurprisingly, Germany is the largest market, according to solar PV industry trade data. The German consumer is committed to matching household PV with energy storage and increasing self-sufficiency, and the government has provided incentives for this, so the German household storage market has been strong.

In 2021, Germany installed 1.3 GWh of residential energy storage systems, accounting for 59% of the total 2.2 GWh installed across the continent. Italy was the second largest market with 321MWh developed, thanks in part to the Superbonus household energy storage incentive program, with Austria (132MWh), the UK (128MWh) and Switzerland (79MWh) rounding out the top five.

Looking ahead, Germany will remain the dominant market, accounting for 36% of the 7.3 GWh total in 2026. Nevertheless, SolarPower Europe forecasts that Poland and Sweden will be the next large markets, with 8% and 6% market share respectively, making them the second and third largest markets at that time.

At the beginning of 2022, Jntech began to expand its residential energy storage business, developing new residential PV storage all-in-one solution to provide customers with integrated PV storage inverters and lithium battery solutions. In the business of solar energy storage, Jntech does not forget the original intention, holding the corporate mission of "adding green to the world" to forge ahead, I believe that no effort is too much, Jntech New Energy will play its own value in the household photovoltaic energy storage, we look forward to it.