What is energy storage in Germany?

Energy storage systems are an integral part of Germany’s Energy Transition (Energiewende). While the need for energy storage is growing across Europe, Germany remains the lead target market and the first choice for companies seeking to enter this developing industry.

Is Germany a key market for energy storage?

While the need for energy storage is growing across Europe, Germany remains the lead target market and the first choice for companies seeking to enter this developing industry. Germany stands out as a unique market, development platform and export hub for energy storage systems.

Can German households buy or sell excess electricity?

German households can also buy or sell excess electricity on the company’s new trading platform. Founded in Germany in 2009, SENEC develops and produces smart power storage systems and provides storage-based energy storage solutions to private households and small and medium-sized enterprises.

Does Germany need new pumped storage capacity?

Germany’s geographical makeup places significant restrictions on the possibility of developing new pumped storage capacity. This makes the use of new storage technologies and smart grids an imperative. Around 1.7 million solar power plants with a total capacity of approximately 45 GWp (2017) have been installed in Germany over the past 25 years.

Why is Germany a good location for solar power?

Our chemical arm also has production sites on location in Germany, especially as a supplier for the automobile industry. And last but not least, Germany is an important location for the solar power branch of Total, Sunpower, in Germany’s position as the leading market in renewable energies.” (2014)

How many solar power plants are there in Germany?

This makes the use of new storage technologies and smart grids an imperative. Around 1.7 million solar power plants with a total capacity of approximately 45 GWp (2017) have been installed in Germany over the past 25 years. Around 1,000,000 are solar power plants with a capacity of smaller than 10 kWp installed on residential rooftops.