This article highlights the differing fortunes of the storage markets in Europe and the US. The article specifically references Germany but the points raised affect all of Europe. It's great to see residential storage making traction in a number of European markets (let's be proud of that achievement) but North America is absolutely buzzing with industrial/utility scale storage projects at the moment and not a week goes by without another big project announcement from one of the key market players. What do we need to do in Europe to catch up... Introduce the correct market mechanisms and regulatory policies... This will allow us to jump on and catch up with our friends across the pond!
The German behind-the-meter storage market stands sharply divided. On the one hand, residential storage boomed to $149 million in 2015, looming larger than almost every other residential market in the world. On the other hand, the commercial and industrial storage space, which far outpaces the residential market in the U.S., barely registers at $7 million.