1、E u r o p e a n Ma r k e t Ou t l o o k F o r R e si d e nti a l Ba tte r y S to r a g e 20 2220 26GRID GOES OFF.SUN GOES DOWN.LIFE CARRIES ON.Scan here tofind out Facing soaring electricity costs and potentially unstable grids,more and morehomeowners are installing SolarEdge Home to achieve energy

2、independence.This complete smart energy ecosystem enables you to produce,store and managesolar energy more efficiently and cost-effectively than ever before.The SolarEdge Home Hub inverter provides PV,storage,and backup,suitable for single and three phase residential installations and is compatible

3、with our SolarEdge Home Battery 400V and 48V.Plus theres a full suite of smart energy devices that let you grow your SolarEdge Home as your energy needs evolve.And the mySolarEdge app puts all that power in your hands.All from the worlds#1 inverter company!3F o r e wo r d Welcome to our Europ ean Ma

4、rket Outlook for Res iden tial Battery Storage 2022-2026.Wi th a n unpr e c e d e nte d e ne r g y c r i si s i n E ur o pe d r i vi ng skyr o c ke ti ng e l e c tr i c i ty c o sts,c i ti ze ns a r e i nc r e a si ng l y l o o ki ng a t ho me so l a r po we r g e ne r a ti o n a s a ke y to o l to

5、g a i n c o ntr o l o f the i r e ne r g y b i l l s.Mo r e a nd mo r e,the c l i ma te c r i si s c o nte xt c a use s c i ti ze ns to tur n the i r b a c k o n the pr e d o mi na nc e o f po l l uti ng a nd c o stl y f o ssi l f ue l s,whi l e r i ve r d r o ug hts a nd a g e i ng f l e e ts c ha

6、l l e ng e the r e l i a b i l i ty o f e xi sti ng nuc l e a r po we r pl a nts.As c i ti ze ns se e k to he d g e o n the i r e ne r g y suppl y,the d i str i b ute d so l a r r o o f to p b o o m b r i ng s wi th i t so me thi ng tha t se e ms to b e o f te n o ve r l o o ke d i n po l i c y c i

7、r c l e s a ma ssi ve g r o wth i n r e si d e nti a l b a tte r y e ne r g y sto r a g e (R-BE S S).Our l a te st ma r ke t o utl o o k sho ws a R-BE S S ma r ke t tha t mo r e tha n d o ub l e d i n 2021 to 2.3 G Wh,a f te r the 1 G Wh a nnua l i nsta l l a ti o n l e ve l wa s f i r st r e a c he

8、 d i n 2020.I n 2022,o ur mo st-l i ke l y Me d i um S c e na r i o f o r e c a sts a no the r spe c ta c ul a r g r o wth ye a r the a d d i ti o n o f 7 1%mo r e c a pa c i ty o f 3.9 G Wh,whi c h wo ul d l e a d to a to ta l i nsta l l e d R-BE S S c a pa c i ty o f 9.3 G Wh i n E ur o pe.T o put

9、 thi s i nto mo r e ta ng i b l e numb e r s we e sti ma te E ur o pe wi l l i nsta l l o ve r 420,000 sto r a g e b a tte r i e s i n 2022,r e sul ti ng i n mo r e tha n 1 mi l l i o n ho me s a c r o ss the c o nti ne nt po we r e d wi th j o i nt so l a r&b a tte r y sto r a g e syste ms.I t c o

10、ul d ha ve b e e n muc h mo r e,b ut a l a c k o f i nsta l l e r s a c r o ss E ur o pe l i mi te d the g r o wth o f so l a r syste ms.Ba tte r i e s,the c e l l s o f whi c h a r e g e ne r a l l y i mpo r te d,a r e a l so f a c i ng a n a c ute sho r ta g e,sha r pe r tha n a ny o the r pa r t

11、o f a so l a r syste m.S ti l l,we a r e upb e a t the r e si d e nti a l so l a r&sto r a g e b o o m wi l l c o nti nue.By the e nd o f 2026,o ur Me d i um S c e na r i o e xpe c ts o ve r 300%g r o wth o f the to ta l o pe r a ti ng R-BE S S c a pa c i ty to 32.2 G Wh a tta c he d to 3.9 mi l l i

12、 o n E ur o pe a n ho me s.I t c o ul d b e e ve n mo r e,o ur H i g h S c e na r i o a nti c i pa te s o ve r 44 G Wh,b ut a l so a thi r d l e ss i f the r i g ht po l i c y f r a me wo r ks a r e no t put i n pl a c e.T o unl e a sh f ur the r r a pi d g r o wth o f so l a r a nd sto r a g e a nd

13、 i ts b e ne f i ts,we ne e d a c o mpr e he nsi ve str a te g y f o r e l e c tr i c i ty sto r a g e,a nd thi s i nc l ud e s a n E U ta r g e t o f a t l e a st 200 G W b y 2030.I n E ur o pe s str o ng e st r e si d e nti a l b a tte r y sto r a g e ma r ke t G e r ma ny,whi c h ha d a ma r ke t

14、 sha r e o f 59%i n 2021,R-BE S S a tta c hme nt r a te s to ne w so l a r syste ms we r e i n the r a ng e o f 7 0%,a nd a r e f ur the r r i si ng.T hi s ma r ke t,whi c h ha s d e ve l o pe d o ve r se ve r a l ye a r s a nd ha s a l so se ve r a l sto r a g e syste m a sse mb l e r s,pr o ve s t

15、ha t we l l-tho ug ht i nc e nti ve sc he me s a r e ve r y he l pf ul to ki c k-sta r t a b a tte r y sto r a g e ma r ke t unti l i t c a n sta nd o n i ts o wn f e e t.I n o r d e r to a c c e l e r a te so l a r&sto r a g e d e pl o yme nt,we c a l l o n E U po l i c yma ke r s to use e xi sti n

16、g f und s to suppo r t the b a tte r y c o mpo ne nt i n e me r g i ng r e si d e nti a l so l a r ma r ke ts.Whi l e ma nd a to r y so l a r f o r ne w a nd r e no va te d b ui l d i ng s,a s pr o po se d b y the E ur o pe a n Co mmi ssi o n,wo ul d a l so he l p the upta ke o f b a tte r i e s,a n

17、o the r c r uc i a l f a c i l i ta to r wo ul d b e the i nte g r a ti o n o f b a tte r y sto r a g e ta r g e ts a nd na ti o na l Cl e a n F l e xi b i l i ty P l a ns i n the upc o mi ng r e vi si o n f o r the me mb e r sta te s N a ti o na l E ne r g y a nd Cl i ma te P l a ns(N E CP s).U l t

18、i ma te l y,we ne e d to e nsur e the c r e a ti o n o f l o c a l f l e xi b i l i ty ma r ke ts to e na b l e the b usi ne ss mo d e l s f o r b a tte r y sto r a g e to suppo r t g r i d sta b i l i sa ti o n.I n a ve r y sho r t pe r i o d,r e si d e nti a l b a tte r y sto r a g e ha s e sta b

19、l i she d i tse l f i n a ha nd f ul o f E ur o pe a n so l a r ma r ke ts.I n the l e a d i ng ma r ke ts,b a tte r y sto r a g e ha s e sse nti a l l y b e c o me a sta nd a r d c o mpo ne nt o f a r e si d e nti a l so l a r syste m.T hi s sho ul d b e r e pl i c a te d a c r o ss E ur o pe.I ts

20、no w ti me f o r E ur o pe a n po l i c yma ke r s to r e c o g ni ze a nd f o l l o w the c l e a r ma r ke t si g na l s c o mi ng f r o m the i r c i ti ze ns,who a r e se e ki ng tr ue c o ntr o l o f the i r e ne r g y b i l l s a nd a f f o r d a b l e,r e l i a b l e,a nd c l e a n po we r su

21、ppl y i n o the r wo r d s,so l a r&b a tte r y sto r a g e.WALBURGA HEMETSBERGER CE O,S o l a r P o we r E ur o peMICHAEL SCHMELA E xe c uti ve Ad vi so r,S o l a r P o we r E ur o peRAFFAELE ROSSI H e a d o f Ma r ke t I nte l l i g e nc e,S o l a r P o we r E ur o peThanks to our Sponsor Members:

22、E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 202220264T a b l e o f c o nt e nt sF o r e wo r d 3 E x e c u t i v e s u mma r y 5 P o l i c y r e c o mme nd a t i o ns 6 1 I nt r o d u c t i o n 7 2 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s

23、 i n E u r o p e 20 21 1 0 3 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 22-20 26 1 6 4 T h e t o p 4 E u r o p e a n r e s i d e nt i a l b a t t e r y s t o r a g e ma r k e t s 22 4.1.German y 24 4.2.Italy 26 4.3.Aus tria 29 4.4.Un ited Kin gdom 31 P r o j e

24、c t l e a d:Mi c ha e l S c hme l a,S o l a r P o we r E ur o pe.P r o j e c t ma na g e r:R a f f a e l e R o ssi,S o l a r P o we r E ur o pe.Au t h o r s:J o na tha n G o r r e ma ns,Chr i sto phe L i ts,R a f f a e l e R o ssi&Mi c ha e l S c hme l a,S o l a r P o we r E ur o pe.T e x t e d i t

25、i ng:Be tha ny Me b a n,S o l a r P o we r E ur o pe.E x t e r na l c o nt r i b u t o r s:E uP D R e se a r c h;P V Austr i a (AT);E D OR A&OD E (BE);AP S T E (BG);S E AP E K (CY);S o l r n Aso c i a c e (CZ);BS W-S o l a r (D E);E ur o pe a n E ne r g y(D K);H E L AP CO(G R);MAN AP (H U);I S E A(I

26、 R);Ani e R i nno va b i l i,E l e ttr i c i t F utur a&I ta l i a S o l a r e (I T);R E WS (MT);P o l ski e S to wa r zysze ni e F o to wo l ta i ki (P S F)&P o l ski e T o wa r zystwo F o to wo l ta i ki (P V P o l a nd)(P L);AP R E N (P T);R P I A(R O);S AP I (S K);Z S F V (S I);U N E F (E S);S v

27、e nsk S o l e ne r g i (S E);S o l a r E ne r g y U K (U K).Co nt a c t:i nf o so l a r po we r e ur o pe.o r g.P l e a s e c i t e a s:S o l a r P o we r E ur o pe (2022):European Market Outlook for Residential Battery Storage 2022-2026.P u b l i s h e d:D e c e mb e r 2022.I S BN:9 7 8 9 46 46 6 9

28、 008.D e s i g n:One he mi sphe r e,S we d e n,c o nta c to ne he mi sphe r e.se.Me t h o d o l o g y:S o l a r P o we r E ur o pe s f i ve-ye a r f o r e c a st c o nsi sts o f L o w,Me d i um a nd H i g h sc e na r i o s.T he Me d i um S c e na r i o a nti c i pa te s the mo st l i ke l y d e ve l

29、 o pme nt g i ve n the c ur r e nt sta te o f pl a y o f the ma r ke t.T he L o w S c e na r i o f o r e c a st i s b a se d o n the a ssumpti o n tha t po l i c yma ke r s ha l t so l a r a nd sto r a g e suppo r t a nd o the r i ssue s a r i se,i nc l ud i ng i nte r e st r a te hi ke s a nd se ve

30、 r e f i na nc i a l c r i si s si tua ti o ns.Co nve r se l y,the H i g h S c e na r i o f o r e c a sts the b e st o pti ma l c a se i n whi c h po l i c y suppo r t,f i na nc i a l c o nd i ti o ns a nd o the r f a c to r s a r e e nha nc e d.R e si d e nti a l so l a r a nd sto r a g e syste ms

31、a r e d e f i ne d a s i nsta l l a ti o ns wi th a P V c a pa c i ty b e l o w 10 kW.S o l a r P o we r E ur o pe s me tho d o l o g y i nc l ud e s o nl y g r i d-c o nne c te d syste ms.I nsta l l e d P V c a pa c i ty i s a l wa ys e xpr e sse d i n D C.Al l f i g ur e s a r e b a se d o n S o l

32、 a r P o we r E ur o pe s b e st kno wl e d g e a t the ti me o f pub l i c a ti o n.D i s c l a i me r:T hi s r e po r t ha s b e e n pr e pa r e d b y S o l a r P o we r E ur o pe.I t i s b e i ng f ur ni she d to the r e c i pi e nts f o r g e ne r a l i nf o r ma ti o n o nl y.N o thi ng i n i t

33、 sho ul d b e i nte r pr e te d a s a n o f f e r o r r e c o mme nd a ti o n o f a ny pr o d uc ts,se r vi c e s o r f i na nc i a l pr o d uc ts.T hi s r e po r t d o e s no t c o nsti tute te c hni c a l,i nve stme nt,l e g a l,ta x o r a ny o the r a d vi c e.R e c i pi e nts sho ul d c o nsul t

34、 wi th the i r o wn te c hni c a l,f i na nc i a l,l e g a l,ta x o r o the r a d vi so r s a s ne e d e d.T hi s r e po r t i s b a se d o n so ur c e s b e l i e ve d to b e a c c ur a te.H o we ve r,S o l a r P o we r E ur o pe d o e s no t wa r r a nt the a c c ur a c y o r c o mpl e te ne ss o

35、f a ny i nf o r ma ti o n c o nta i ne d i n thi s r e po r t.S o l a r P o we r E ur o pe a ssume s no o b l i g a ti o n to upd a te a ny i nf o r ma ti o n c o nta i ne d he r e i n.S o l a r P o we r E ur o pe wi l l no t b e he l d l i a b l e f o r a ny d i r e c t o r i nd i r e c t d a ma g

36、e i nc ur r e d b y the use o f the i nf o r ma ti o n pr o vi d e d a nd wi l l no t pr o vi d e a ny i nd e mni ti e s.U nl e ss o the r wi se sta te d,the c o pyr i g ht a nd o the r i nte l l e c tua l pr o pe r ty r i g hts o f ma r ke t i nte l l i g e nc e d a ta a nd r e so ur c e s pr o vi

37、d e d a r e o wne d b y S o l a r P o we r E ur o pe.E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 202220265E x e c u t i v e s u mma r yI n a pe r i o d c ha r a c te r i se d b y a d r a sti c r i se i n ho use ho l d e l e c tr i c i ty pr i c e s a c r o ss

38、E ur o pe,r e si d e nti a l b a tte r y e ne r g y sto r a g e syste ms(R-BE S S)ha ve b e c o me a n a ttr a c ti ve me a ns to r e d uc e e l e c tr i c i ty b i l l s a nd i nc r e a se e ne r g y r e si l i e nc e whi l e l o we r i ng c a r b o n f o o tpr i nts.In 2021,with 2.3 GWh in s talle

39、d ov er the cours e of the year,the Europ ean res iden tial battery market grew 107%from 2020,r e sul ti ng i n a to ta l o pe r a ti ng f l e e t o f mo r e tha n 6 50,000 uni ts wi th a c umul a ti ve c a pa c i ty o f 5.4 G Wh.F o r the se c o nd ye a r i n a r o w,the ho me sto r a g e g r o wth

40、 pa th i n E ur o pe tur ne d o ut to b e si g ni f i c a ntl y hi g he r tha n wha t we ha d pr e vi o usl y f o r e c a ste d,wi th the upta ke o f ho me sto r a g e te c hno l o g y g o i ng b e yo nd the hi g he st e xpe c ta ti o ns.I n f a c t,the growth in the market could hav e been ev en la

41、rger,if it were n ot for a s ev ere s hortage of batteries tha t l i mi te d the po ssi b i l i ty to me e t c usto me r d e ma nd a nd l e d to l e ng thy d e l a ys o f se ve r a l mo nths to g e t pr o d uc ts i nsta l l e d.T he r i se o f R-BE S S i s a c o nse que nc e o f the g r e a t syne r

42、 g y wi th so l a r P V i nsta l l a ti o ns,a s i t e xte nd s the usa g e a nd a ppl i c a ti o n o f so l a r po we r.The recen t growth of the res iden tial s olar market acros s Europ e has created the foun dation for R-BESS market exp an s ion,e ve n mo r e so c o nsi d e r i ng tha t the a ve

43、 r a g e a tta c hme nt r a te b e twe e n BE S S a nd P V ha s g r o wn f r o m g r o wn f r o m 23%i n 2020 to 27%i n 2021.Al tho ug h mo r e a nd mo r e na ti o na l ma r ke ts a r e l o o ki ng a t so l a r&sto r a g e a s a me a ns to d e c r e a se d e pe nd e nc y f r o m vo l a ti l e e l e

44、c tr i c i ty pr i c e s a nd ma ke b e tte r use o f se l f-pr o d uc e d g r e e n e ne r g y,the dep loymen t of this techn ology is s till largely driv en by a han dful of leadin g coun tries in Europ e.D r i ve n b y hi g h e l e c tr i c i ty pr i c e s a nd a str o ng a tta c hme nt r a te wi

45、 th so l a r P V i nsta l l a ti o ns,German y r e ma i ns the l e a d i ng E ur o pe a n b a tte r y sto r a g e ma r ke t.I n 2021,i t i nsta l l e d 1.3 G Wh o f ho me b a tte r i e s,wi th a n 8 1%a nnua l g r o wth r a te.R a nke d se c o nd i n the l i st o f E ur o pe a n ho me sto r a g e ma

46、 r ke ts,Italy ha s c e r ta i nl y b e e n the l a r g e st sur pr i se i n 2021.T he I ta l i a n ma r ke t skyr o c ke te d to 321 MWh i nsta l l e d pe r a nnum,up 240%f r o m 2020,tha nks to the ve r y a d va nta g e o us c o nd i ti o ns o f i ts i nc e nti ve sc he me S upe r b o nus 110%.I n

47、 Aus tria,the thi r d l a r g e st E ur o pe a n ma r ke t i n 2021,the d i sc o nti nua ti o n o f sub si d y sc he me s d i d no t r e d uc e ma r ke t g r o wth,whi c h wa s ul ti ma te l y d r i ve n b y a str o ng i nc r e a se i n the r e si d e nti a l P V se g me nt.T he c o untr y tr i pl e

48、 d i ts a nnua l ma r ke t,whi c h r e a c he d 132 MWh a nd,b y a sma l l ma r g i n,sur pa sse d the Un ited Kin gdom,no w r a nke d f o ur th wi th 128 MWh i nsta l l e d.D i f f e r e nt ma r ke t c o nd i ti o ns a l l o we d ma ny c o untr i e s to g r o w i n the two o r thr e e d i g i ts r

49、a ng e,b ut the i nc r e a se i n ho use ho l d e l e c tr i c i ty pr i c e s ha s b e e n a c o mmo n f a c to r a c r o ss the c o nti ne nt.T he po l i ti c a l a nd e c o no mi c l a nd sc a pe i n 2022,c ha r a c te r i se d b y e ve n hi g he r e l e c tr i c i ty pr i c e s tha n i n 2021,a

50、nd e ne r g y se c ur i ty c o nc e r ns o f a wa r i n E ur o pe a l so o n f o ssi l f ue l s,ha s i mpr o ve d the b usi ne ss c a se f o r ho me sto r a g e.We e xpe c t the r e si d e nti a l BE S S ma r ke t to ma i nta i n a ve r y hi g h g r o wth pa th:a f te r the ma r ke t r e a c he d 1

51、G Wh i n 2020 a nd 2.3 G Wh i n 2021,our Medium Scen ario exp ects 3.9 GWh to be in s talled in 2022,up 71%from the year before.Ove r the c o ur se o f 2022,the r e ma r ka b l e thr e sho l d o f 1 mi l l i o n ho me s wi th so l a r&sto r a g e ha s b e e n sur pa sse d.P o si ti ve ma r ke t c o

52、nd i ti o ns a nd suppo r ti ve f r a me wo r ks e xpe c te d i n mo r e E ur o pe a n c o untr i e s i n the mi d-te r m wi l l i nc r e a se the c o nti ne nts a nnua l ho me b a tte r y ma r ke t mo st l i ke l y to 7.3 G Wh b y 2026.I n c umul a ti ve c a pa c i ty te r ms,the Europ ean battery

53、fleet will amoun t to 9.3 GWh by the en d of 2022 an d reach 32.2 GWh in 2026 un der our Medium Scen ario,wi th a nnua l g r o wth r a te s i n the r a ng e o f 30%o r a b o ve f o r a l l the i nte r ve ni ng ye a r s.U nd e r o pti ma l c o nd i ti o ns,E ur o pe s r e si d e nti a l pr o sume r s

54、 c o ul d o pe r a te a b a tte r y f l e e t a s l a r g e a s 44.4 G Wh b y the e nd o f 2026,c o mpa r e d to 23.2 G Wh i n the mo st pe ssi mi sti c sc e na r i o.T hi s r e po r t a na l yse s the spe c i f i c f e a tur e s o f the to p 4 l a r g e st E ur o pe a n ma r ke ts,whi c h a r e the

55、 sa me a s l a st ye a r,a l tho ug h the o r d e r ha s c ha ng e d.I n o ur f i ve-ye a r a na l ysi s,G e r ma ny i s po i se d to r e ma i n the und i spute d l e a d e r i n the f i e l d o f r e si d e nti a l sto r a g e,f o l l o we d b y I ta l y b y so me d i sta nc e.T he se,to g e the r

56、wi th the o the r two l e a d i ng ma r ke ts,Austr i a a nd the U ni te d K i ng d o m,wi l l sti l l c o nsti tute the to p 4 ma r ke ts i n 2023,a c c o r d i ng to o ur Me d i um S c e na r i o.By 2026,ho we ve r,P o l a nd a nd S we d e n ta ke the#3 a nd#4 po si ti o n i n E ur o pe.1.Set clea

57、r EU an d n ation al s torage targets for 2030,an d adop t clean flexibility p lan s.I n i ts R E P o we r E U str a te g y,the E U e xpr e sse d the a mb i ti o n to d e pl o y o ve r 1,100 G WAC o f so l a r a nd wi nd c a pa c i ty b y 2030.1 S uc h e xpa nsi o n o f va r i a b l e r e ne wa b l

58、e e ne r g y c a pa c i ty ne e d s to b e ma tc he d b y a pa r a l l e l d e pl o yme nt o f sto r a g e a nd f l e xi b i l i ty so l uti o ns.T o thi s e nd,the r e i s a n ur g e nt ne e d to e sta b l i sh e l e c tr i c i ty sto r a g e str a te g i e s a nd sto r a g e ta r g e ts f o r 2030

59、 a t b o th E U a nd na ti o na l l e ve l s.S e tti ng a c o mpr e he nsi ve str a te g y f o r e l e c tr i c i ty sto r a g e i nc l ud i ng c l e a r ta r g e ts a nd a n e na b l i ng r e g ul a to r y f r a me wo r k wo ul d g i ve l o ng-te r m vi si b i l i ty a nd c e r ta i nty to i nve st

60、o r s,a s we l l a s g ui d a nc e to na ti o na l a nd l o c a l a utho r i ti e s.a.At the EU lev el,the E U Co mmi ssi o n sho ul d d e ve l o p a nd l a unc h a n E U E l e c tr i c i ty S to r a g e S tr a te g y f o r 2030,r e pl i c a ti ng i n sc o pe a nd a mb i ti o n the H yd r o g e n st

61、r a te g y,i nc l ud i ng a no n-b i nd i ng e l e c tr i c i ty sto r a g e ta r g e t o f a t l e a st 200 G W.E U po l i c yma ke r s sho ul d use e xi sti ng E U f und s to a c c e l e r a te sto r a g e d e pl o yme nt,a nd i mpr o ve the r e g ul a to r y f r a me wo r k to suppo r t the so l

62、a r&sto r a g e b usi ne ss c a se;b.At the member s tate lev el,po l i c yma ke r s must e sta b l i sh the c o nd i ti o ns f o r a r a pi d sto r a g e upta ke,i n pa r ti c ul a r r e si d e nti a l so l a r&sto r a g e,whi c h ne e d s a suppo r ti ve r e g ul a to r y f r a me wo r k to thr i

63、ve.N a ti o na l Cl e a n F l e xi b i l i ty P l a ns sho ul d b e d e ve l o pe d to mo ni to r pe r f o r ma nc e,a sse ss ne e d s a nd se t d e pl o yme nt ta r g e ts a c c o r d i ng l y.A ke y mi l e sto ne wi l l b e i nte g r a ti ng suc h pl a ns a nd ta r g e ts i n the upc o mi ng N E C

64、P r e vi si o n pl a nne d f o r 2023-2024.Our e xte nsi ve r e c o mme nd a ti o ns o n thi s to pi c c a n b e f o und i n S o l a r P o we r E ur o pe s whi te pa pe r Electricity storage for EU renewable deployment and energy resilience.2.Make s olar man datory for n ew an d ren ov ated res iden

65、 tial buildin gs.S o l a r a nd b a tte r i e s pe r f o r m a t the i r b e st whe n the y a r e c o mb i ne d.T hi s i s why mo r e a nd mo r e ne w r e si d e nti a l P V syste ms c o me to g e the r wi th a b a tte r y whe n the y a r e i nsta l l e d.T o spe e d up the r o l l o ut o f ho me st

66、o r a g e te c hno l o g y,r o o f to p so l a r d e pl o yme nt,e spe c i a l l y o n r e si d e nti a l r o o f to ps,sho ul d b e ma xi mi se d.T he so l a r r o o f to p ma nd a te f o r ne w a nd r e no va te d r e si d e nti a l b ui l d i ng s a s pr o po se d b y the E ur o pe a n Co mmi ssi

67、 o n a s pa r t o f the E ne r g y P e r f o r ma nc e o f Bui l d i ng s D i r e c ti ve (E P BD),sho ul d b e tr a nspo se d a t na ti o na l l e ve l a s so o n a s po ssi b l e.3.In cen tiv is e in div idual an d collectiv e s elf-con s ump tion to op timis e flexibility an d con ges tion man ag

68、emen t.S e l f-c o nsumpti o n i s the f i r st f o r m o f d e ma nd-si d e f l e xi b i l i ty:i t i nc e nti vi se s c o nsume r s to f l e xi b i l i se the i r c o nsumpti o n a nd b r i ng i t c l o se r to g e ne r a ti o n.Me mb e r sta te s sho ul d i nc e nti vi se se l f-c o nsumpti o n c

69、 o mpa r e d to g r i d f e e d-i n to i nc r e a se the a tta c hme nt r a te b e twe e n so l a r o n b ui l d i ng s a nd BE S S.T he se c o nf i g ur a ti o ns he l p d e c r e a se e l e c tr i c i ty pr i c e vo l a ti l i ty,r e d uc e ne e d e d g r i d c a pa c i ty,a nd shi e l d e nd-use

70、r s f r o m hi g h e ne r g y pr i c e s.S i mi l a r l y,pe e r to pe e r e l e c tr i c i ty tr a d i ng,o r c o l l e c ti ve se l f-c o nsumpti o n,c o ul d suppo r t c o ng e sti o n ma na g e me nt a t l o c a l l e ve l.I nd i vi d ua l se l f-c o nsumpti o n f r a me wo r ks sho ul d b e f u

71、r the r pr o mo te d a t na ti o na l l e ve l,a nd i nte g r a te d i n D S O pl a nni ng.4.Accelerate regulatory frameworks for deman d s ide flexibility.D S O s must e va l ua te the i r f l e xi b i l i ty ne e d s a s the y d r a f t the i r ne two r k d e ve l o pme nt pl a ns a nd se t up f r

72、 a me wo r ks to unl o c k a nd i nc e nti vi se f l e xi b i l i ty.As pa r t o f thi s,i t i s i mpo r ta nt to r o l l-o ut l o c a l f l e xi b i l i ty ma r ke ts a nd f i na l i se the ne two r k c o d e o n d e ma nd si d e f l e xi b i l i ty a s so o n a s po ssi b l e.N o n-ma r ke t f l e

73、 xi b i l i ty so l uti o ns sho ul d a l so b e pr o mo te d i n pa r a l l e l.5.Set an ap p rop riate s us tain ability framework for batteries through the EU Battery Regulation.E U c o-l e g i sl a to r s a r e e xpe c te d to f i na l i se the tr i a l o g ue ne g o ti a ti o ns r e g a r d i n

74、g the E U Ba tte r y R e g ul a ti o n to wa r d s the b e g i nni ng o f 2023.T hi s ne w r e g ul a ti o n wi l l e nha nc e the susta i na b i l i ty a nd sa f e ty f e a tur e s i n b a tte r i e s,i nc l ud i ng sta ti o na r y sto r a g e a ppl i c a ti o ns.T he ne w r ul e s must a vo i d i

75、na ppr o pr i a te mi ni mum r e c yc l e d c o nte nt o b l i g a ti o ns a nd o ve r l y pr e sc r i pti ve d e si g n a nd d a ta a c c e ss r e qui r e me nts.E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2021202561Br o ke n d o wn i nto 510 G W wi nd a nd 6

76、 00 G WAC so l a r,whi c h i s e qui va l e nt to 7 50 G WD C.P o l i c y R e c o mme nd a t i o nsE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 202220267I nt r o d u c t i o n 1 S o l a r E d g eFollowin g the s ev ere imp acts of the COVID-19 health emergen cy

77、 on Europ e in 2020,with s ign ifican t lockdown meas ures en forced in man y coun ties,the followin g year,2021,the con tin en t faced a n ew s et of cris es.Wi th the g l o b a l e c o no my r e g a i ni ng tr a c ti o n a f te r the COV I D-19 i nd uc e d sl o wd o wn,a l so the d e ma nd f o r e

78、 ne r g y g r e w a nd l e d to a si g ni f i c a nt r i se i n pr i c e s,i nc l ud i ng e l e c tr i c i ty.T hi s i nc r e a se wa s r e f l e c te d o n ho use ho l d s a s we l l.I n the E ur o pe a n E c o no mi c Ar e a,a ve r a g e r e si d e nti a l e l e c tr i c i ty pr i c e s sur pa sse

79、 d f o r the f i r st ti me 0.19 E U R/kWh i n 2021 a nd c o nti nue d g r o wi ng thr o ug ho ut the ye a r.T he R ussi a n i nva si o n o f U kr a i ne i n F e b r ua r y 2022 ha s l e d to a c o nti ne nt-wi d e e ne r g y c r i si s a nd,a s the wa r c o nti nue s,a c c e l e r a te d the e l e

80、c tr i c i ty pr i c e tr e nd to ne w he i g hts i n 2022(F i g.1.1).FIGURE 1.1 AV E R AGE E L E CT R I CI T Y P R I CE S F OR HOUS E HOL D CONS UME R S I N T HE E U 2008-2022 00.050.100.150.200.250.30EUR/kWhPrices excluding taxesPrices including taxes2008 S12008 S22009 S12009 S22010 S12010 S22011

81、S12011 S22012 S12012 S22013 S12013 S22014 S12014 S22015 S12015 S22016 S12016 S22017 S12017 S22018 S12018 S22019 S12019 S22020 S12020 S22021 S12021 S22022 S10.160.250.190.11Source:E ur o sta t,2022.S OL AR P OWE R E U R OP E 2022Wi thi n thi s c o nte xt,mo r e a nd mo r e ho use ho l d s a c r o ss

82、E ur o pe a r e tur ni ng to so l a r P V a nd b a tte r y sto r a g e to r e d uc e e l e c tr i c i ty b i l l s a nd i nc r e a se e ne r g y r e si l i e nc e whi l e l o we r i ng the i r c a r b o n f o o tpr i nts.T e c hno l o g i c a l a d va nc e me nts ha ve se e n Ba tte r y E ne r g y S

83、 to r a g e S yste ms(BE S S)f o l l o wi ng the sa me pa tte r n o f ste e pl y d e c l i ni ng so l a r P V c o sts a nd pr i c e s tha t ha ve ma d e thi s te c hno l o g y the mo st a f f o r d a b l e so ur c e o f e ne r g y i n ma ny r e g i o ns a r o und the wo r l d.T he si g ni f i c a nt

84、 g r o wth o f b a tte r y sto r a g e te c hno l o g i e s,i nc l ud i ng i n the e l e c tr i c mo b i l i ty se g me nt,i s c o ntr i b uti ng to a suc c e ssf ul c o st r e d uc ti o n sto r y f o r the se c to r.D e spi te a r i se i n b a tte r y pr i c e s ta ki ng pl a c e i n 2021 a nd c o

85、nti nui ng i n 2022 d ue to po st-l o c kd o wn g l o b a l tr a d e a nd e c o no mi c c o nd i ti o ns a nd so a r i ng e ne r g y pr i c e s a d e c r e a si ng tr e nd i n the c o st o f b o th so l a r P V a nd BE S S a ppl i c a ti o ns i s e xpe c te d to c o nti nue i n the me d i um te r m(

86、F i g.1.2).Ag a i nst thi s b a c kg r o und,the spr e a d b e twe e n i nc r e a si ng r e ta i l po we r pr i c e s a nd so l a r&sto r a g e po we r pr i c e s i s wi d e ni ng.T hi s tr e nd,a l r e a d y vi si b l e i n 2021,ha s b e c o me a ppa r e nt i n 2022 a s e ne r g y pr i c e s a c r

87、o ss E ur o pe ha ve skyr o c ke te d to a l l-ti me hi g hs a nd g o ve r nme nts ha ve i ntr o d uc e d d i f f e r e nt f o r ms o f e me r g e nc y me a sur e s to c ur b the i mpa c ts o n ho use ho l d s a nd b usi ne sse s.1 I nt r o d u c t i o n/c o nti nue dE ur o pe a n Ma r ke t Outl o o

88、 k F o r R e si d e nti a l Ba tte r y S to r a g e 202220268FIGURE 1.2 S UR V E Y OF R E S I DE NT I AL S OL AR&S T OR AGE P R I CE S I N GE R MANY,2017-2025 002002004004006006008008001,0001,0001,2001,2001,4001,4001,6001,6001,8001,800EUR/kWpEUR/kWhPV 7 kWpBESS 6 kWh200212022e2023e2024e20

89、25e2017Source:E U P D R e se a r c h,2022.S OL AR P OWE R E U R OP E 2022At the sa me ti me,whi l e po we r f r o m so l a r r o o f to p syste ms ha s a l r e a d y b e e n muc h c he a pe r tha n r e ta i l e l e c tr i c i ty i n mo st E ur o pe a n ma r ke ts f o r se ve r a l ye a r s,no w b a

90、tte r y sto r a g e s r a pi d c o st i mpr o ve me nts i s a l so no w e na b l i ng so l a r&sto r a g e to b e a t g r i d po we r i n a n i nc r e a si ng numb e r o f E ur o pe a n c o untr i e s.I n G e r ma ny,the b e st-i n-c l a ss i n the r e si d e nti a l so l a r&sto r a g e se g me nt,

91、the L e ve l i se d Co st o f E l e c tr i c i ty(L COE s)f o r so l a r&sto r a g e syste ms sl i g htl y i nc r e a se d to 14.7 E ur o c e nts/kWh l a st ye a r,whi c h wa s wa s l e ss tha n ha l f o f the e l e c tr i c i ty pr i c e a t the ti me o f a r o und 32 E ur o c e nts/kWh.Whi l e so

92、l a r syste m c o mpo ne nt pr i c e s a nd i nsta l l a ti o n c o st ha ve i nc r e a se d a s a r e sul t o f pr o d uc t a nd l a b o ur sho r ta g e,a nd a l so i nf l a ti o n d ur i ng 2022,skyr o c ke ti ng e l e c tr i c i ty pr i c e ha ve ma d e the b usi ne ss c a se f o r so l a r a nd

93、sto r a g e o nl y mo r e a ttr a c ti ve.At the ti me o f d r a f ti ng thi s r e po r t,the E ur o pe a n c o nti ne nt i s sub j e c t to e xtr e me e ne r g y pr i c e vo l a ti l i ty d ue to the R ussi a n wa r o n U kr a i ne a nd i s ma ki ng c o nc e r te d e f f o r t to d e c r e a se d e

94、 pe nd e nc y o n R ussi a n f o ssi l i mpo r ts a nd i nc r e a se the c o nti ne nts e ne r g y r e si l i e nc e.U nd e r the c ur r e nt c i r c umsta nc e s,i t i s ha r d to i ma g i ne tha t r e ta i l e l e c tr i c i ty pr i c e s wi l l d e c r e a se i n the sho r t to me d i um te r m.B

95、y c o ntr a st,the te mpo r a r y pr i c e i nc r e a se o f L COE s o f b o th sta nd a l o ne so l a r a nd so l a r&sto r a g e i s e xpe c te d to c o me to a n e nd a s the c o mpo ne nt pr i c e c r i si s i s a d d r e sse d.At pr e se nt,the b usi ne ss c a se f o r so l a r&sto r a g e g o

96、e s b e yo nd the me r e e c o no mi c a ttr a c ti ve ne ss.Ma ny ho use ho l d s a r e i nte r e ste d i n the se te c hno l o g i e s b e c a use o f the i r pr o mi se o f e ne r g y se c ur i ty e ve n tho ug h i n mo st E ur o pe a n c o untr i e s,g r i d f a i l ur e s se e m a n unl i ke l

97、y po ssi b i l i ty,i t i s a muc h-d e b a te d to pi c i n me d i a.T hus,the psyc ho l o g i c a l a spe c t sho ul d no t b e und e r e sti ma te d,a s i t c a n d r i ve ma r ke ts e ve n mo r e tha n e c o no mi c f a c to r s.E ur o pe a n a nd na ti o na l po l i c yma ke r s l o o ki ng f o

98、 r f a st,a f f o r d a b l e,a nd l o ng-te r m so l uti o ns to the i r e ne r g y ne e d s wi l l f i nd i n so l a r&sto r a g e a ve r sa ti l e a nd l o w-c o st o pti o n to shi e l d e nd-c usto me r s f r o m so a r i ng e l e c tr i c i ty a nd g a s pr i c e s.Ad d i ng to tha t,the e l e

99、 c tr i f i c a ti o n o f the he a t a nd tr a nspo r t se c to r a c r o ss E ur o pe wi l l r e qui r e sma r t so l uti o ns to i nc r e a se d po we r d e ma nd a t the r e si d e nti a l l e ve l.S o l a r P V,b a tte r i e s,he a t pumps a nd e l e c tr i c ve hi c l e s a l l i nte r a c t v

100、e r y we l l wi th e a c h o the r a nd c a n c r e a te the r i g ht syne r g i e s f o r a r a pi d pha se o ut o f f o ssi l f ue l s a c r o ss a l l se c to r s,i f the r i g ht po l i c y f r a me wo r k c o nd i ti o ns suppo r t thi s d e ve l o pme nt.E ur o pe a n Ma r ke t Outl o o k F o

101、r R e si d e nti a l Ba tte r y S to r a g e 202220269S o l a r wa ttE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 20222026102020 s aw res iden tial battery en ergy s torage s ys tems (R-BESS)truly emerge on the en ergy map in Europ e,with two major miles ton es

102、 achiev ed:it was the firs t year when the an n ual market reached the GWh s cale;an d als o,for the firs t time,more than 100,000 battery un its were in s talled in on e s in gle year.I n 2021,the ho me b a tte r y ma r ke t e nte r e d a ne w pha se.Wi th mo r e tha n 2 G Wh i nsta l l e d o ve r

103、the c o ur se o f the ye a r,the ma r ke t b a si c a l l y d o ub l e d c o mpa r e d to the pr e vi o us ye a r to b e pr e c i se,i t g r e w 107%(F i g.2.1).S uc h a ste e p l e ve l o f g r o wth ha d nt b e e n r e g i ste r e d si nc e 2014;b ut b a c k the n,the ma r ke t wa s si g ni f i c

104、a ntl y sma l l e r a nd ha d i nc r e a se d to j ust 6 4 MWh c o mpa r e d to 30 MWh the ye a r b e f o r e.T o put thi s i nto pe r spe c ti ve,the si ze o f the R-BE S S ma r ke t i n 2021 wa s 35 ti me s l a r g e r tha n i n 2014.T ha t ye a r,o nl y a b o ut 9,000 b a tte r i e s we r e i nst

105、a l l e d,whi l e i n 2021 a b o ut 26 0,000 uni ts ha ve b e e n a d d e d.R e ma r ka b l y,the g r o wth i n the ma r ke t c o ul d ha ve b e e n e ve n l a r g e r,i f i t we r e no t f o r a se ve r e sho r ta g e o f b a tte r i e s R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t

106、s i n E u r o p e 20 21 2 T e sl aFIGURE 2.1 E UR OP E R E S I DE NT I AL BE S S ANNU AL MAR K E T 2013-2021 05001,0001,5002,0002,500MWh200026411920359%46%107%3441,1092,294477760 S OL AR P OWE R E U R OP E 2022l i mi ti ng the po ssi b i l i ty to me e t c usto me r

107、d e ma nd a nd c a usi ng,mo nths-l o ng,l e ng thy d e l a ys to i nsta l l R-BE S S pr o d uc ts.T hi s i ssue wa s pa r ti c ul a r l y f e l t i n l e ss d e ve l o pe d ma r ke ts,whe r e the sud d e n spi ke i n d e ma nd c a ug ht d i str i b uto r s b y sur pr i se a s the y str ug g l e d t

108、o f i nd pr o d uc ts f o r the i r c l i e nts.E ve n ma tur e R-BE S S ma r ke ts ha ve b e e n suf f e r i ng f r o m a l a c k o f b a tte r i e s,whi c h c o nti nue to b e the mi ssi ng pr o d uc t l i nk f o r so l a r syste m te c hno l o g y a f te r mo d ul e s sho r ta g e s ha ve b e e n

109、 so l ve d a nd i nve r te r sho r ta g e s a r e b e i ng a d d r e sse d.O ve r the l a st ye a r s,the c o nti ne nt r e l i e d o n a ha nd f ul o f R-BE S S pi o ne e r s,pr i ma r i l y E ur o pe s l a r g e st so l a r ma r ke t G e r ma ny,whi c h i s a l so the c o untr y wi th the l a r g

110、e st R-BE S S i nsta l l e d r e si d e nti a l b a tte r y sto r a g e vo l ume b y f a r.I n G e r ma ny,ho me sto r a g e sta r te d f i r st g a i ni ng tr a c ti o n a f te r i t swi tc he d f r o m a f ul l F e e d-i n T a r i f f (F I T)sc he me to a mo d e l suppo r ti ng se l f-c o nsumpti

111、o n,i n c o mb i na ti o n wi th a pr e mi um f o r e xc e ss po we r,a nd b a c ke d b y a n a ttr a c ti ve R-BE S S sub si d y pr o g r a mme o f i ts d e ve l o pme nt b a nk K f W tha t wa s sl o wl y pha se d o ut.L a te r,ho me b a tte r y ma r ke ts sta r te d to e me r g e a s we l l i n a

112、f e w o the r c o untr i e s I ta l y,the U ni te d K i ng d o m,a nd Austr i a whi l e ha r d l y a ny c a pa c i ty wa s i nsta l l e d i n the r e st o f E ur o pe.T o d a y,R-BE S S te c hno l o g y a ppl i c a ti o ns c a n b e se e n i n a qui c kl y g r o wi ng numb e r o f E ur o pe a n c o

113、untr i e s,a nd,a s vo l a ti l e e ne r g y pr i c e s r e a c hi ng unkno wn he i g hts a r e se ve r e l y a f f e c ti ng ho use ho l d s a c r o ss the who l e c o nti ne nt,the ho me sto r a g e b usi ne ss c a se i s b e c o mi ng a ppe a l i ng i n ma ny d i f f e r e nt E ur o pe a n r e g

114、i o ns.F o r the se c o nd ye a r i n a r o w,the ho me sto r a g e g r o wth pa th i n E ur o pe tur ne d o ut to b e si g ni f i c a ntl y hi g he r tha n wha t we ha d pr e vi o usl y f o r e c a ste d.I n l a st ye a r s e d i ti o n o f thi s r e po r t,we a ssume d the ma r ke t wo ul d g r o

115、w 28%to 1.4 G Wh.T he po si ti ve e vo l uti o n o f the ma r ke t c o nd i ti o ns e xc e e d e d e ve n o ur mo st o pti mi sti c e xpe c ta ti o ns:o ur H i g h S c e na r i o a nti c i pa te d 1.8 G Wh o f a nnua l l y i nsta l l e d c a pa c i ty;a c tua l i nsta l l a ti o ns we r e 27%hi g he

116、 r.T he e xc e pti o na l i nc r e a se i n the a nnua l ma r ke t i s we l l r e f l e c te d i n the g r o wth o f the to ta l o pe r a ti ng ho me sto r a g e c a pa c i ty.T he r e si d e nti a l BE S S f l e e t j umpe d f r o m j ust o ve r 3.1 G Wh i n 2020 to 5.4 G Wh i n 2021,wi th a 7 4%ye

117、 a r-o n-ye a r i nc r e a se (se e F i g.2.2).U nl i ke l a st ye a r,the a nnua l ma r ke t g r o wth r a te i s hi g he r tha n the g r o wth r a te i n c umul a ti ve c a pa c i ty,a si g n tha t the to ta l o pe r a ti ng f l e e t ha s r e a c he d sub sta nti a l vo l ume s a nd the te c hno

118、l o g y i s e nte r i ng a ne w d e pl o yme nt pha se.T o ta l R-BE S S c a pa c i ty ha s g r o wn 13 ti me s i ts si ze,c o mpa r e d to j ust f i ve ye a r s a g o.E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202611FIGURE 2.2 E UR OP E R E S I DE NT I A

119、L BE S S CUMUL AT I V E MAR K E T 2013-2021 01,0002,0003,0004,0005,0006,000MWh20002942134167605,40061%56%74%1,2371,9973,106 S OL AR P OWE R E U R OP E 20222 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 21 /c o nti nue dE ur o pe a

120、 n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202612An i mpo r ta nt a spe c t to hi g hl i g ht i s tha t the a tta c hme nt r a te b e twe e n ho me sto r a g e syste ms a nd r e si d e nti a l P V syste ms i s r i si ng.I n 2021,f o r e ve r y ne w 10 r e si d e nti

121、 a l P V syste ms i nsta l l e d a c r o ss E ur o pe,2.7 ho me b a tte r i e s we r e i nsta l l e d (F i g.2.3).H o we ve r,i t sho ul d b e spe c i f i e d tha t no t a l l ne w b a tte r i e s a r e i nsta l l e d to g e the r wi th a ne w P V syste m,a s so me use r s a l r e a d y e qui ppe d

122、wi th r e si d e nti a l so l a r d e c i d e to r e tr o f i t the i r e xi sti ng P V syste m wi th a ne w b a tte r y a t a l a te r sta g e S o f a r,R-BE S S r e tr o f i t a c ti vi ty ha d b e e n ne g l i g i b l e c o mpa r e d to ne w i nsta l l a ti o ns i n the pa st.But the str o ng r i

123、 se i n e l e c tr i c i ty pr i c e s,a nd a n i nc r e a si ng numb e r o f so l a r-o nl y syste ms e xi ti ng the i r l o ng-te r m f ul l f e e d-i n ta r i f f c o ntr a c ts,wi l l ha ve thi s se g me nt b e c o me no ta b l e a s we l l.H o we ve r,a s l o ng a s the r e i s a sho r ta g e o

124、 f pr o d uc t a nd i nsta l l e r s,the sa l e s pr e f e r e nc e o f i nsta l l e r s i s to b ui l d so l a r&sto r a g e syste ms a s the se pr o mi se hi g he r r e ve nue s a nd pr o f i ts.As R-BE S S syste m i nsta l l a ti o ns r e tr o f i ts a nd ne w a r e g e ne r a l l y no t r e c o

125、r d e d und e r r e g ul a to r s r e ne wa b l e e ne r g y sta ti sti c s,i t i s c ha l l e ng i ng to d e te r mi ne the a ve r a g e E ur o pe a n a tta c hme nt r a te o f ne w BE S S wi th ne w P V syste ms.E sti ma te s a r e b a se d o n i nte r vi e ws wi th so l a r&sto r a g e sta ke ho

126、l d e r s.I n 2021,r o ug hl y 14 o f r e si d e nti a l P V syste ms o pe r a ti ng a c r o ss E ur o pe we r e e qui ppe d wi th b a tte r y sto r a g e tha ts a 3 pe r c e nta g e po i nt i nc r e a se f r o m the 11%o pe r a ti ng the ye a r b e f o r e.E ve n tho ug h the a tta c hme nt r a te

127、b e twe e n so l a r a nd sto r a g e i s i nc r e a si ng,the unta ppe d ma r ke t po te nti a l f o r BE S S r e ma i ns hug e,e ve n mo r e whe n c o nsi d e r i ng tha t o ve r 9 0%o f E ur o pe a n b ui l d i ng s a r e sti l l wi tho ut so l a r syste ms.FIGURE 2.3 E UR OP E ANNU AL AND CUMUL

128、AT I V E BE S S/P V AT T ACHME NT R AT E,202530%20202021ARCumulativeARAnnual23%11%27%14%S OL AR P OWE R E U R OP E 2022E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202613T h e T o p 5 E u r o p e a n R e s i d e nt i a l S t o r a g e Ma r k

129、e t s German y remain s the leadin g Europ ean coun try in in s tallation s of both res iden tial s olar PV an d res iden tial battery s torage s ys tems (se e F i g.2.4).I n 2021,a r o und 150,000 r e si d e nti a l BE S S we r e i nsta l l e d i n the c o untr y,f o r a to ta l ne w c a pa c i ty

130、o f a b o ut 1.3 G Wh.T he c e ntr a l r o l e o f G e r ma ny i n the E ur o pe a n ho me sto r a g e ma r ke t c a nno t b e und e r e sti ma te d.H o we ve r,a l tho ug h sti l l the c o untr y c ur r e ntl y pr o vi d i ng the va st ma j o r i ty o f the to ta l E ur o pe a n a nnua l l y i nsta

131、 l l e d c a pa c i ty,wi th a 59%sha r e,i ts pr e d o mi na nc e i s d e c r e a si ng,d o wn 9%a b so l ute c o mpa r e d to the pr e vi o us ye a r.T he a nnua l i nsta l l e d c a pa c i ty i n G e r ma ny i n 2021 i s hi g he r tha n the who l e E ur o pe a n ho me sto r a g e ma r ke t i n 20

132、20.I n 2021 the G e r ma n a nnua l BE S S ma r ke t g r e w 8 1%f r o m 2020,whe n 7 49 MWh wa s i nsta l l e d.T hi s g r o wth i s ma i nl y d ue to a sur g e o f r e si d e nti a l P V syste ms i nsta l l a ti o ns,the c a pa c i ty o f whi c h i nc r e a se d b y 1.8 G W i n 2021,the c o untr y

133、s b e st a nnua l pe r f o r ma nc e e ve r f o r the sma l l r o o f to p se g me nt.T he str o ng i nc r e a si ng r a te o f R-BE S S i nsta l l e d pe r a nnum c ul mi na ti ng i n a no the r r e c o r d ye a r i s a c o nse que nc e o f a c o he r e nt str a te g y,a t l e a st whe n c o mpa r

134、e d wi th mo st o the r E ur o pe a n ma r ke ts.G e r ma nys R-BE S S pe r f o r ma nc e c a n b e a ttr i b ute d the a c ti ve b ui l d i ng o f a str o ng d i str i b ute d so l a r ma r ke t a s the f o und a ti o n,the tr a nsi ti o n to se l f-c o nsumpti o n,a nd the i nc e nti vi sa ti o n

135、o f BE S S b e hi nd-the-me te r wi th na ti o n-wi d e,G e r ma n D e ve l o pme nt Ba nk K f W,f i na nc i a l suppo r t to e sta b l i sh a so l a r&sto r a g e ma r ke t tha t e na b l e s c o nsume r s tur n i nto pr o sume r s.Whi l e the K f W BE S S i nc e nti ve e nd e d i n 2018,the BE S S

136、 sa l e s i nf r a str uc tur e wa s the n r e a d y to suppo r t g r o wi ng d e ma nd f o r so l a r&sto r a g e i n a b usi ne ss e nvi r o nme nt tha t ha s ma d e thi s c o mb i na ti o n o nl y mo r e a ttr a c ti ve.S o no w we c a n se e tha t o nl y the r i g ht po l i c y f r a me wo r ks

137、a r e ne c e ssa r y i n G e r ma ny to suppo r t sto r a g e,wi th f i na nc i a l suppo r t no l o ng e r ne c e ssa r y.I n 2021,the a tta c hme nt wi th r e si d e nti a l so l a r f ur the r i mpr o ve d to a b o ut 7 0%,c o mpa r e d to 59%i n 2020.FIGURE 2.4 E UR OP E T OP 5 R E S I DE NT I A

138、L BE S S MAR K E T S 06008001,0001,2001,4001,600MWh20212020ItalyUKAustriaSwitzerlandRest of EuropeGermany S OL AR P OWE R E U R OP E 20222 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 21 /c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si

139、 d e nti a l Ba tte r y S to r a g e 202220261441 MWh i n 2020 to 132 MWh i n 2021.T hi s e qua l s to r o ug hl y 13,000 r e si d e nti a l b a tte r i e s i nsta l l e d i n 2021.The fourth larges t market,the Un ited Kin gdom,kep t its up ward p ath without s ubs idies in 2021.Wi th 128 MWh o f a

140、 nnua l a d d i ti o ns a nd a 58%g r o wth o ve r the pr e vi o us ye a r,the U K ma r ke t b e ne f i tte d f r o m the upwa r d swi ng o f i ts r e si d e nti a l P V se g me nt,whi c h g r e w 207%to 153 MW i n 2021,a nd a c c o unte d f o r 17,000 r e si d e nti a l sto r a g e uni ts i nsta l

141、l e d.T hi s,ho we ve r,wa s no t suf f i c i e nt to r e ta i n r a nk#3 a s i n 2020 i n te r ms o f c a pa c i ty i nsta l l e d.D e spi te the l a c k o f d i r e c t sub si d i e s f o r ho me sto r a g e,si nc e 2020 pr o sume r s a r e o f f e r e d spe c i f i c ta r i f f str uc tur e s b y

142、 e ne r g y r e ta i l e r s to r e wa r d the e xpo r t o f r e ne wa b l e e l e c tr i c i ty to the g r i d,whi c h pr o vi d e s a n i nc e nti ve to a d o pt b a tte r y sto r a g e so l uti o ns.The Swis s home battery market remain s an imp ortan t p layer in the Europ ean lan ds cap e,an d

143、en ded 2021 on ran k 5.T he 6,300 uni ts i nsta l l e d i n 2021 r e sul te d i n 7 9 MWh o f a nnua l c a pa c i ty a d d i ti o ns,sug g e sti ng a n a ve r a g e b a tte r y si ze tha t i s si g ni f i c a ntl y hi g he r tha n i ts E ur o pe a n pe e r s.A str o ng se l f-c o nsumpti o n se g me

144、 nt suppo r te d b y a f a vo ur a b l e r e g ul a to r y f r a me wo r k r e sul te d i n a thr e e-f o l d ma r ke t g r o wth ye a r-o n-ye a r.Italy is certain ly the larges t s urp ris e acros s Europ ean home s torage markets in 2021.T he po si ti ve e f f e c ts o f the Superbonus 110%,the f

145、 i sc a l i nc e nti ve tha t wa s i ntr o d uc e d i n Ma y 2020 a s pa r t o f the CO V I D-19 na ti o na l r e c o ve r y pr o g r a m,sta r te d to f ul l y f l o ur i sh i n 2021.T he I ta l i a n a nnua l ho me sto r a g e ma r ke t j umpe d f r o m 9 4 MWh i n 2020 to 321 MWh i n 2021,i nc r

146、e a si ng b y o ve r thr e e ti me s ye a r-o n-ye a r a nd to ta l l i ng mo r e tha n 31,100 ne w uni ts i n 2021.T hi s hi g hl y b e ne f i c i a l ta x c r e d i t sc he me a l l o we d ho me o wne r s to d e d uc t up to 110%o f the e xpe nse s r e l a te d to ho me e ne r g y e f f i c i e nc

147、 y wo r k,whi c h c o mpr i se a l so P V a nd BE S S syste ms i nsta l l a ti o ns.I ta l y c o ntr i b ute d 11%o f to ta l E ur o pe a n ho me b a tte r y i nsta l l a ti o ns,so l i d i f yi ng i ts#2 r a nk a nd d i sta nc i ng i tse l f f r o m the r e st o f the r unne r s-up.Aus tria,which w

148、as Europ e s#4 in 2020,gain ed on e s p ot an d en tered the top 3,with the battery market driv en by the exp an s ion of its s olar p eer.D e spi te sub si d y pr o g r a mme s f o r r e si d e nti a l sto r a g e b e i ng d i sc o nti nue d i n 2021,a nd muc h l o we r r e ta i l po we r pr i c e

149、s tha n G e r ma ny,the c o untr y e xpe r i e nc e d a l a r g e g r o wth i n a nnua l b a tte r y a d d i ti o ns.T hi s wa s l a r g e l y d ue to the i nc r e a se i n the r e si d e nti a l P V se g me nt,whi c h g r e w 143%to 348 MW i n 2021.T he b a tte r y ma r ke t b a si c a l l y tr i p

150、l e d i ts si ze,g r o wi ng 223%f r o m FIGURE 2.5 E UR OP E T OP 5 R E S I DE NT I AL BE S S MAR K E T S 2021Rest of Europe:280 MWh,12%Switzerland:79 MWh,3%Austria:132 MWh,6%UK:128 MWh,6%Italy:321 MWh,14%Germany:1,354 MWh,59%S OL AR P OWE R E U R OP E 2022 E ur o pe a n Ma r ke t Outl o o k F o r

151、R e si d e nti a l Ba tte r y S to r a g e 2022202615r e ma i ne d b e l o w 5%.A qui te d i f f e r e nt si tua ti o n c a n b e se e n i n Fran ce,whe r e i nte r e st i n b a tte r i e s ke e ps g r o wi ng,b ut a t muc h l o we r pa c e.Co mpa r e d to o the r E ur o pe a n c o untr i e s o f si

152、 mi l a r si ze,i n 2021,i ts b a tte r y ma r ke t r e ma i ne d ve r y sma l l c o nsi d e r i ng i ts po pul a ti o n o f 6 7.5 mi l l i o n.I n Sweden,c o nti nue d g r o wth i n the r e si d e nti a l P V a nd ho me sto r a g e se c to r we r e d r i ve n a nd suppo r te d b y sub si d i e s f

153、o r r e si d e nti a l so l a r&sto r a g e.A no ta b l e a b se nc e c o nti nue d to b e the Netherlan ds d e spi te ha vi ng o ne o f the l a r g e st E ur o pe a n r e si d e nti a l P V ma r ke ts a nd the c o nti ne nts hi g he st pe r c a pi ta so l a r i nsta l l a ti o n r a te,i t c o ntr

154、i b ute d ve r y l i ttl e to E ur o pe s ho me sto r a g e d e pl o yme nt.T he D utc h r e si d e nti a l so l a r ma r ke t i s l a r g e l y g o ve r ne d b y i ts ne t-me te r i ng po l i c y whi c h,i n pr a c ti c e,ma ke s the g r i d a vi r tua l b a tte r y f o r so l a r syste m o pe r a

155、to r s,a nd se ve r e l y r e d uc e s the a ttr a c ti ve ne ss o f sto r a g e.H o we ve r,a s ne t-me te r i ng i s so o n sta r ti ng i ts l o ng-te r m pha se o ut,thi s ma r ke t mi g ht a l so e me r g e o n the E ur o pe a n ho me b a tte r y ma p.D e spi te thi s o utl o o k,the N e the r l

156、 a nd s wi l l l i ke l y ta ke ma ny ye a r s to d e ve l o p pr o mi ne nc e,a s ne t-me te r i ng l e ve l s wi l l sta y hi g h f o r the c o mi ng ye a r s.I n to ta l,the T o p 5 E ur o pe a n r e si d e nti a l sto r a g e ma r ke ts we r e r e spo nsi b l e f o r 8 8%o f the 2021 i nsta l l

157、e d c a pa c i ty i n the r e g i o n.I n 2021,i n a l l o the r E ur o pe a n c o untr i e s,the r e si d e nti a l b a tte r y sto r a g e ma r ke t r e ma i ne d i n e a r l y d e ve l o pme nt o r wa s sti l l b a si c a l l y no n-e xi ste nt.H o we ve r,a f e w no ta b l e ma r ke ts r a pi d

158、l y sta r te d to g a i n tr a c ti o n.Co untr i e s o utsi d e the to p 5 a d d e d 28 0 MWh i n 2021,whi c h i s 137%mo r e tha n the 118 MWh i nsta l l e d the ye a r b e f o r e;b ut the a g g r e g a te c a pa c i ty i nsta l l e d i n 2021 b y o ve r 30 c o untr i e s r e ma i ns b e l o w th

159、e a nnua l a d d i ti o ns o f E ur o pe s se c o nd l a r g e st ma r ke t,I ta l y.E me r g i ng ma r ke ts tha t a r e se t to pl a y a b i g g e r r o l e i nc l ud e Sp ain a nd Polan d,who a r e b o th c ha r a c te r i se d b y thr i vi ng r e si d e nti a l P V ma r ke ts tho ug h the l a tt

160、e r i s pr e se ntl y muc h l a r g e r tha n the f o r me r i n a b so l ute te r ms.As the a ttr a c ti ve ne ss o f se l f-c o nsumpti o n i n the se two ma r ke ts i s b e g i nni ng to ha ve a po si ti ve i mpa c t o n b a tte r i e s a s we l l,the y a r e e xpe c te d to b e c o me i mpo r ta

161、 nt pl a ye r s i n the E ur o pe a n c o nte xt.I n 2021,ho we ve r,the i r c o mb i ne d a nnua l ma r ke t sha r e S o l a r E d g e2 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 21 /c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba t

162、te r y S to r a g e 2022202616Lookin g at the n ext fiv e years,the ques tion is n ot whether the res iden tial BESS market will con tin ue its up wards p ath,but rather how s teep the growth curv e will be.I n r e c e nt ti me s,the r a pi d d e ve l o pme nt o f b a tte r y sto r a g e c a ug ht e

163、 ve r yo ne b y sur pr i se,o ve r sho o ti ng e xpe c ta ti o ns b y a l a r g e ma r g i n.T he c ur r e nt po l i ti c a l a nd e c o no mi c e nvi r o nme nt,c ha r a c te r i se d b y hi g h e l e c tr i c i ty pr i c e s a nd e ne r g y se c ur i ty c o nc e r ns,ha s str o ng l y i mpr o ve d

164、 the c a se f o r ho me sto r a g e i n E ur o pe b o th f r o m a b usi ne ss a nd a psyc ho l o g i c a l po i nt o f vi e w.As the CO V I D-19 r e c o ve r y pa c ka g e s a nd o the r me a sur e s c o ntr a sti ng the e ne r g y c r i si s b e c o me a va i l a b l e to E ur o pe a ns ho use ho

165、l d s,we e xpe c t the R-BE S S ma r ke t to ma i nta i n a susta i ne d g r o wth pa th.Af te r the E ur o pe a n r e si d e nti a l b a tte r y ma r ke t pa sse d 1 G Wh i n 2020 a nd 2 G Wh i n 2021,o ur Me d i um S c e na r i o e xpe c ts 3.9 G Wh to b e i nsta l l e d i n 2022,up 7 1%f r o m th

166、e ye a r b e f o r e (F i g ur e 3.1).Co mpa r e d to l a st ye a r s o utl o o k,we ha ve si g ni f i c a ntl y r e vi se d upwa r d s o ur e xpe c ta ti o ns:the 2022 ma r ke t si ze we f o r e c a st thi s ye a r sta nd s a b o ve the 2025 H i g h S c e na r i o we a nti c i pa te d o ne ye a r a

167、 g o.F o l l o wi ng a ste e p two-d i g i t g r o wth tr a j e c to r y,o ur r e vi se d Me d i um S c e na r i o f o r e c a sts R-BE S S d e pl o yme nt o f 4.5 G Wh i n 2023,5.1 G Wh i n 2024,6.0 G Wh i n 2025 a nd 7.3 G Wh i n 2026.FIGURE 3.1 E UR OP E R E S I DE NT I AL BE S S ANNU AL S CE NAR

168、 I OS 012GWhHistorical dataLow ScenarioHigh ScenarioMedium Scenario2022202320242025202620020202171%11%19%22%16%2.311.35.23.04.5 S OL AR P OWE R E U R OP E 2022R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 22-20 26 3S o l a r wa ttE ur o p

169、e a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202617I n the sho r t te r m,muc h wi l l d e pe nd o n ho w f a st the c ur r e nt ke y b o ttl e ne c k f o r thi s se g me nt,the sho r ta g e o f b a tte r y pr o d uc t suppl y,c a n b e a d d r e sse d.E ur o pe i

170、s str o ng l y d e pe nd e nt o n R-BE S S pr o d uc ts f r o m Asi a n suppl i e r s;e ve n E ur o pe a n R-BE S S ma nuf a c tur e r s mo stl y a sse mb l e the i r syste ms usi ng i mpo r te d b a tte r y c e l l s.T he sho r ta g e ha s b e e n so a c ute tha t the f i r st ma j o r ve r ti c a

171、l l y-i nte g r a te d Chi ne se so l a r mo d ul e ma nuf a c tur e r s ha ve e xpa nd e d i nto b a tte r y c e l l pr o d uc ti o n.As the tr a nsi ti o n o f the c a r i nd ustr y to E V s g a i ns spe e d,the r e i s f i e r c e c o mpe ti ti o n f o r ma ny o f the r a w ma te r i a l s ne e d

172、 e d to pr o d uc e l i thi um-i o n b a tte r i e s,a s the te c hno l o g y use d i n b o th i nd ustr i e s a nd thi s c o mpe ti ti o n wo nt g o a wa y thi s ye a r o r the ne xt,d e spi te r a pi d e xpa nsi o n o f g i g a nti c b a tte r y c e l l ma nuf a c tur i ng c a pa c i ti e s.H o we

173、 ve r,mo r e BE S S pr o d uc t ha s b e e n a va i l a b l e i n 2022 tha n the pr e vi o us ye a r,a nd we e xpe c t vo l ume s to i nc r e a se a l so i n the c o mi ng ye a r s o f thi s o ve r vi e w,e ve n tho ug h the sho r ta g e wi l l a g a i n l i mi t R-BE S S g r o wth i n 2023.H o we v

174、e r,the d e si r e f o r e ne r g y se c ur i ty thr o ug h b a tte r i e s i s o f te n so str o ng tha t pe o pl e i nsta l l i ng so l a r no w,a l r e a d y pr e pa r e the i r syste m wi th hyb r i d i nve r te r s tha t e na b l e e ve ntua l d e l i ve r y o f a R-BE S S syste m.I n the me d

175、i um to l o ng te r m,i t wi l l b e c r uc i a l to pr e se r ve the mo me ntum o f r o o f to p so l a r a nd b a tte r i e s,a s b a tte r i e s a r e a ke y c o mpo ne nt to e na b l e c o nsume r s tr a nsf o r ma ti o n to pr o sume r s,a nd the y suppo r t d i str i b ute d g r i d sta b i l

176、i sa ti o n i n a r e ne wa b l e-b a se d e ne r g y syste m.U nd e r R E P o we r E U,the E U Co mmi ssi o n g a ve to so l a r a c e ntr a l r o l e i n the str a te g y to d e ta c h the E U e c o no my f r o m R ussi a n e ne r g y i mpo r ts.A r a pi d a nd e f f e c ti ve i mpl e me nta ti o

177、n o f R E P o we r E U pr o vi si o ns wo ul d e qui p me mb e r sta te s wi th the r i g ht to o l s to pr o mo te r e si d e nti a l so l a r,a s we l l a s b a tte r y sto r a g e.I nte g r a ti ng suppo r ti ve po l i c i e s i n the E U me mb e r sta te s N a ti o na l E ne r g y a nd Cl i ma t

178、e P l a ns(N E CP s)r e vi si o n pr o c e ss pl a nne d f o r 2023-2024 wo ul d f ur the r d r i ve the E U ma r ke t.As a r e sul t o f i mpr o ve d ma r ke t c o nd i ti o ns,a l l thr e e sc e na r i o s ha ve b e e n r e vi se d upwa r d s si g ni f i c a ntl y f r o m o ur pr e vi o us pr o j

179、e c ti o ns.U nd e r the L o w S c e na r i o,we a nti c i pa te wo r se ne d tr a d e c o nd i ti o ns,susta i ne d suppl y c ha i n c ha l l e ng e s a nd o the r ne g a ti ve ma r ke t i mpa c ts.By c o ntr a st,swi f t a d a pta ti o n o f suppl y c ha i ns to ma r ke t d e ma nd,pa i r e d wi t

180、h i mpr o ve d so l a r&sto r a g e po l i c y f r a me wo r ks,a nd str o ng c o mmi tme nt f r o m po l i c yma ke r s a r e the b a se a ssumpti o n f o r o ur H i g h S c e na r i o.T e sl aE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202618FIGURE 3.2 E

181、 UR OP E R E S I DE NT I AL BE S S CUMUL AT I V E S CE NAR I OS 2022-2026 01020304050GWhHistorical dataLow ScenarioHigh ScenarioMedium Scenario44.410.68.423.273%36%32%29%49%5.4 S OL AR P OWE R E U R OP E 2022Al tho ug h 2022 wi l l b e so o n e nd i ng,we ha ve ke pt a f a i r l y wi d e r a ng e o

182、f 2.2 G Wh b e twe e n the L o w S c e na r i o a d d i ti o ns o f 3 G Wh a nd the H i g h S c e na r i o,r e a c hi ng 5.2 G Wh.I nd e e d,the ma r ke t ha s b e e n g r o wi ng str o ng l y i n the f i r st thr e e qua r te r s o f the ye a r,whi l e d e ma nd wa s muc h hi g he r,b ut i t r e ma

183、 i ns to b e se e n wha t wi l l a c tua l l y b e i nsta l l e d i n a ye a r c ha r a c te r i se d b y b a tte r i e s a s the ma j o r pr o d uc t suppl y b o ttl e ne c k i n a r e si d e nti a l so l a r syste m.E ve n the pe ssi mi sti c e xpe c ta ti o ns o f the L o w S c e na r i o a r e f

184、 o r e se e i ng a str o ng l y e xpa nd i ng ma r ke t i n 2022,wi th 3 G Wh o f sto r a g e c a pa c i ty i nsta l l e d a nd a 30%ye a r-o n-ye a r g r o wth,whe r e a s the 5.2 G W H i g h S c e na r i o wo ul d r e sul t i n a 128%g r o wth.Al tho ug h thi s mi g ht a ppe a r b e yo nd r e a so

185、 na b l e e xpe c ta ti o ns,the str o ng g r o wth o f the sto r a g e ma r ke t ha s b e e n ve r y muc h a sur pr i se i n 2021 a s we l l.By 2026,the E ur o pe a n ho me sto r a g e ma r ke t c o ul d b e a s l a r g e a s 11.3 G Wh,a c c o r d i ng to o ur H i g h S c e na r i o,whi l e the unl

186、 i ke l y L o w S c e na r i o f o r e se e s a ma r ke t si ze o f 4.5 G Wh,a b o ut twi c e a s l a r g e a s i n 2021.Whe n l o o ki ng a t to ta l i nsta l l e d r e si d e nti a l b a tte r y sto r a g e c a pa c i ti e s,o ur E ur o pe a n Ma r ke t O utl o o k 2022-2026 sho ws ve r y hi g h g

187、 r o wth r a te s o ve r the c o mi ng ye a r s(F i g ur e 3.2).As a ma r ke t se g me nt who se po te nti a l i s sti l l to b e d i sc o ve r e d,the a nnua l g r o wth o f 7 4%i n 2021 wi l l b e f o l l o we d b y a 7 3%i nc r e a se i n 2022.T he ne xt 4 ye a r s a r e suppo se d to se e l o we

188、 r two-d i g i t g r o wth R-BE S S r a te s i n the Me d i um S c e na r i o,l i nke d to the g r o wth o f the r e si d e nti a l so l a r r o o f to p ma r ke t a nd b a se d o n i nc r e a si ng a tta c hme nt r a te s to so l a r syste ms.I n o ur Me d i um S c e na r i o,we e xpe c t the c umu

189、l a ti ve r e si d e nti a l sto r a g e c a pa c i ty i nsta l l e d a c r o ss E ur o pe to r e a c h 9.3 G Wh i n 2022,13.9 G Wh i n 2023,18.9 G Wh i n 2024,24.9 G Wh i n 2025 a nd 32.2 G Wh i n 2026.Asso c i a te d g r o wth r a te s a r e c o nsi ste ntl y a b o ve 29%f o r a l l the i nte r e

190、ste d ye a r s.U nd e r the o pti ma l c o nd i ti o ns a nti c i pa te d i n the H i g h S c e na r i o,E ur o pe s r e si d e nti a l pr o sume r s c o ul d o pe r a te a b a tte r y f l e e t a s l a r g e a s 44.4 G Wh b y the e nd o f 2026,c o mpa r e d to 23.2 G Wh i n the L o w S c e na r i o

191、.3 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 22-20 26/c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202619L o c a l D e v e l o p me nt s Ove r the c o mi ng ye a r s,we e xpe c t tha t G e r ma ny wi l l

192、r e ta i n i ts l e a d i ng r o l e i n the f i e l d o f r e si d e nti a l sto r a g e,suppo r te d b y a sta b l e r e si d e nti a l P V ma r ke t,a nd f l a nke d b y a mb i ti o us c l i ma te a nd e ne r g y g o a l s.T he l a r g e st E ur o pe a n e c o no my ne e d s to ur g e ntl y c ur

193、b i ts d e pe nd e nc e o n f o ssi l i mpo r ts,a nd i ts hi g h r e ta i l e ne r g y pr i c e s wi l l e nsur e tha t the e c o no mi c s o f so l a r&sto r a g e r e ma i n ve r y a ppe a l i ng.Whi l e i t i s no t sur pr i si ng tha t G e r ma ny wi l l ke e p i ts#1 r o l e,I ta l y i s a nti

194、 c i pa te d to g e t c l o se to the G e r ma n l e ve l i n 2022.T ha nks to i ts e xtr e me l y a ttr a c ti ve i nc e nti ve sc he me S upe r b o nus 110%,the I ta l i a n ma r ke t i s e xpe c te d to g r o w mo r e tha n thr e e-f o l d a nd e xc e e d the G Wh sc a l e f o r the f i r st ti m

195、e,o nl y o ne ye a r a f te r G e r ma ny r e a c he d tha t mi l e sto ne i n 2021.D ue to the i r r e si d e nti a l P V ma r ke ts sur g i ng i n 2022,the U ni te d K i ng d o m a nd Austr i a a r e se t to l a r g e l y i nc r e a se the i r BE S S ma r ke ts a s we l l a nd ta ke r a nk#3 a nd#

196、4 r e spe c ti ve l y i n 2022.N e w pl a ye r s l i ke P o l a nd a nd S pa i n a r e a l so a ppe a r i ng o n the ho r i zo n,whi l e the a ttr a c ti ve ne ss o f BE S S te c hno l o g y si g ni f i c a ntl y i nc r e a se s thr o ug ho ut the c o nti ne nt.I n G e r ma ny,the ho me sto r a g e

197、se g me nt i s e xpe c te d to f o l l o w the pa th o f i ts r e si d e nti a l so l a r pe e r.S tr o ng d e ma nd f o r so l a r&sto r a g e so l uti o ns to shi e l d ho use ho l d s f r o m hi g h e l e c tr i c i ty pr i c e s a nd to c ur b the f e a r o f b l a c ko uts b r i ng the R-BE S S

198、 ma r ke t to 1.5 G Wh a nd a 14%g r o wth und e r the Me d i um S c e na r i o.T he b o ttl e ne c k c a use d b y a l a c k o f i nsta l l e r s a nd the c ur r e nt una va i l a b i l i ty o f pr o d uc ts pr e ve nts l a r g e r g r o wth,whi c h ho we ve r c o ul d b e c o me mo r e vi si b l e

199、 i n 2023.At pr e se nt,the ve r y hi g h a tta c hme nt r a te b e twe e n b a tte r i e s a nd r e si d e nti a l so l a r,e sti ma te d i n the r a ng e o f 8 0%,sho ws tha t R-BE S S b e c o me a l mo st pa r t o f a sta nd a r d so l a r syste m i n G e r ma ny,e nsur i ng tha t the ma r ke t e

200、 xpa nsi o n wi l l r e ma i n sta b l e a s l o ng a s the ho me r o o f to p ma r ke t g r o ws.We e xpe c t i nsta l l a ti o ns to r e a c h 2.6 G Wh i n 2026,a b o ut twi c e a s muc h a s i n 2021.I t i s ha r d to o ve r e sti ma te the i mpa c t o f the S upe r b o nus 110%o n the Italian ma

201、 r ke t.Wi th the suppo r t me a sur e i n f ul l swi ng i n 2022,the c o untr y wi l l c o mf o r ta b l y r e a c h the G Wh l e ve l o f a nnua l i nsta l l a ti o ns a nd i n 2022 wi l l b e pl a yi ng i n the sa me G Wh-l e a g ue o f G e r ma ny.Af te r a str o ng 2023,the r e d uc e d a ttr a

202、 c ti ve ne ss o f the suppo r t f r a me wo r k f o r sto r a g e i s b e l i e ve d to b r i ng b a c k the ma r ke t b e l o w the G Wh sc a l e.T e sl a3 R e s i d e nt i a l s o l a r a nd s t o r a g e ma r k e t s i n E u r o p e 20 22-20 26/c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o

203、 r R e si d e nti a l Ba tte r y S to r a g e 2022202620A ne wc o me r o n the E ur o pe a n po d i um i n 2021,the r e si d e nti a l sto r a g e ma r ke t i n Aus tria ha s b r i g ht d a ys a he a d.I ts g r o wth i s suppo r te d b y the na ti o ns a mb i ti o n to i nsta l l 1 mi l l i o n r o

204、o f to p P V b y 2030 a nd b y se ve r a l sub si d i e s a va i l a b l e f o r sto r a g e a t sta te l e ve l.T he ma r ke t wi l l f o l l o w a sta b l e 2 d i g i t g r o wth pa th,c o mf o r ta b l y c r o ss the 300 MWh ma r k b y 2024,a nd r e a c h a r o und 450 MWh b y 2026.On the o the r

205、 si d e o f the Cha nne l,the Un ited Kin gdom i s r i d i ng o n i ts o wn a t the pa c e d i c ta te d b y a f r e e ma r ke t e nvi r o nme nt.T he ye a r 2022 wi l l b e a g a me c ha ng e r tha t e l e va te s the ma r ke t to j ust b e l o w 300 MWh,mo r e tha n d o ub l i ng f r o m 2021s l e

206、 ve l.H o we ve r,the l a c k o f suppo r ti ng sc he me a nd the sl o w pa c e o f sma r t me te r r o l l o ut i nd i c a te tha t the c o mi ng ye a r s a r e e xpe c te d to sta b i l i se a t the c ur r e nt l e ve l,wi th a po ssi b l e sma l l d e c l i ne i n 2023 whe n the i mpa c t f r o m

207、 the U kr a i ni a n wa r o n e l e c tr i c i ty pr i c e wi l l te mpe r.T he ma r ke t i n Switzerlan d wi l l f o l l o w o ne o f the mo st susta i ne d pa ths c o mpa r e d to o the r E ur o pe a n c o untr y.T he we l l e sta b l i sh Al pi ne ma r ke t b e ne f i ts f r o m sub si d i e s to

208、 suppo r t i ts g r o wth.Ab o ut o ne ne w r e si d e nti a l P V syste m o ut o f thr e e i s no w c o mb i ne d wi th sto r a g e so l uti o n a nd the a tta c hme nt r a te i s e xpe c te d to r i se i n the c o mi ng ye a r s.U nd e r tho se c o nd i ti o ns,we e xpe c t the ma r ke t to d o ub

209、 l e i n the ne xt f i ve ye a r s,f r o m 118 MWh i n 2022 to a l mo st 240 MWh i n 2026.Fran ce,tho ug h o ne o f the ke y ma r ke ts f o r P V i n E ur o pe,wi l l r e ma i n qui te l o w i n the c o mi ng ye a r s b e c a use o f a l a c k o f i nc e nti ve s a nd a r e l a ti ve l y c he a p r

210、e ta i l e l e c tr i c i ty pr i c e.T he r e l a ti ve g r o wth o f the c o untr y wi l l b e i mpr e ssi ve a s the ma r ke t i s a nti c i pa te d to tr i pl e f r o m 56 MWh i n 2022 to 148 MWh i n 2026.But i n a b so l ute te r ms,b y 2026 the ma r ke t wi l l sti l l b e the sma l l e st o f

211、 a l l the ke y c o untr i e s we e va l ua te i n thi s r e po r t.O n the c o ntr a r y,ne w pl a ye r s who ha ve sur f a c e d o n the sc e ne i n 2022 a r e e xpe c te d to b e c o me ke y ma r ke ts i n the c o mi ng ye a r s.F i r st a nd f o r e mo st,Polan d i s pr o j e c te d to b e the t

212、hi r d c o untr y i n te r ms o f to ta l b a tte r y a d d i ti o n b e twe e n 2022 a nd 2026,j ust b e hi nd G e r ma ny a nd I ta l y(F i g ur e 3.3).T he E a ste r n E ur o pe a n c o untr y i s o ne o f the l a r g e st r o o f to p P V ma r ke ts,suppo r te d b y a ne t-me te r i ng pr o g r

213、a m tha t e nd e d i n 2022 a nd ha s b e e n r e pl a c e d b y a ne w i nc e nti ve sc he me.F ur the r no r th,Sweden i s a ma r ke t to ke e p a n so nne nE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202621e ye o n.We a nti c i pa te i t to b e c o me t

214、he f o ur th l a r g e st E ur o pe a n ma r ke t f o r r e si d e nti a l b a tte r i e s b y 2026.T he r a pi d upta ke o f the r e si d e nti a l P V ma r ke t,c o mb i ne d wi th sub si d i e s f o r sto r a g e,c r e a te s a pe r f e c t mi x f o r the R-BE S S ma r ke t to e xpa nd.T he c o u

215、ntr y i s a l so the f i r st ma r ke t f o r e l e c tr i c ve hi c l e s i n the E U,whe r e the sha r e o f ne w e l e c tr i c c a r sa l e s r e a c he d 43%i n 2021,a c c o r d i ng to the I E A.I n the I b e r i a n P e ni nsul a,Sp ain i s c r e a ti ng i tse l f a swe e t spo t o n the E ur

216、 o pe a n r e si d e nti a l sto r a g e sc e ne.A sub si d y pr o g r a m i s i n pl a c e to suppo r t i nve stme nts,a t a ti me whe n ma ny c o nsume r s a r e vul ne r a b l e to who l e sa l e ma r ke t f l uc tua ti o ns a nd a r e l o o ki ng to pr o te c t the mse l ve s a g a i nst hi g h

217、e ne r g y b i l l s.A b i g R-BE S S d i sa ppo i ntme nt o n the E ur o pe a n sta g e i s the Netherlan ds.T hi s ma j o r E ur o pe a n P V r o o f to p ma r ke t ha s the po te nti a l to b e c o me a mo nume nta l ma r ke t f o r r e si d e nti a l sto r a g e,whi c h c o ul d a l so he l p to

218、 a d d r e ss i ts i nc r e a si ng g r i d c o ng e sti o n,b ut the pr e se nc e o f i ts ne t-me te r i ng sc he me ha mpe r s the b usi ne ss c a se f o r b a tte r y sto r a g e a nd se ve r e l y l i mi ts i ts g r o wth pe r spe c ti ve s.T he ne t-me te r i ng pr o g r a mme wi l l e ve ntua

219、 l l y b e pha se d-o ut b y 2031,b ut a s i t i s c ur r e ntl y unc e r ta i n und e r whi c h c o nd i ti o ns thi s wi l l ha ppe n,we d o no t se e a ny b i g po si ti ve R-BE S S mo ve me nt i n the c o mi ng ye a r s.FIGURE 3.3 E UR OP E T OP 5 MAR K E T S R E S I DE NT I AL BE S S ADDI T I O

220、NS 2022-2026 ItalyUKAustriaPolandGermanyGWh02.04.06.08.010.012.014.016.0Medium ScenarioHigh ScenarioLow Scenario13.78.02.62.32.47.63.00.91.10.9 S OL AR P OWE R E U R OP E 2022The larges t res iden tial battery markets in 2021 are German y,Italy,Aus tria an d the UK.Together,they in s talled 1.9 GWh

221、of res iden tial s torage battery cap acity,rep res en tin g 84%of the 2.3 GWh that Europ e in s talled in 2021.Whi l e the se f o ur ha ve b e e n pl a yi ng i n the i r o wn l e a g ue f o r qui te so me ti me,we c a n o b se r ve mo ve me nt i n the ma r ke t sha r e s,pa r tl y d ue to ne wc o m

222、e r s e nte r i ng the R-BE S S se g me nt.F i r st o f a l l,Austr i a o ve r to o k the U K o n the thi r d ste p o f the po d i um i n 2021.S e c o nd,the o ve r a l l sha r e o f the to p 4 ma r ke ts d e c r e a se d f r o m 9 0%i n 2020 to 8 4%i n 2021.T hi s i s a ttr i b ute d to the e me r

223、g e nc e o f o the r c o untr i e s suc h a s S we d e n,S pa i n,P o l a nd,a nd a g r o wi ng R-BE S S ma r ke t i n S wi tze r l a nd.T he e xpa nd i ng r e si d e nti a l P V ma r ke t a nd the hi g h e l e c tr i c i ty pr i c e s r e sul ti ng f r o m the e ne r g y c r i si s a r e j o i ntl

224、y b o o sti ng the r e si d e nti a l sto r a g e ma r ke t i n tho se c o untr i e s.We e xpe c t the to p 4 ma r ke ts to r e ma i n the sa me i n 2022 a nd 2023 a s we l l,wi th the U K r e c l a i mi ng the#3 po si ti o n.L o o ki ng f ur the r to 2026,the a nnua l ma r ke t wi l l g r o w si g

225、ni f i c a ntl y to 7.3 G Wh(+220%f r o m 2021).G e r ma ny a nd I ta l y a r e e xpe c te d to r e ma i n the l a r g e st r e si d e nti a l b a tte r y i nsta l l e r s,b ut P o l a nd a nd S we d e n a r e e xpe c te d to r e pl a c e Austr i a a nd the U K o n po si ti o ns#3 a nd#4 r e spe c t

226、i ve l y.T he ma r ke t sha r e o f the f o ur l e a d i ng c o untr i e s i s suppo se d to d e c r e a se to 6 4%b y 2026,r e f l e c ti ng the d i ve r si f i c a ti o n o f the r e si d e nti a l sto r a g e ma r ke t i n mo r e a nd mo r e E ur o pe a n c o untr i e s.I n thi s c ha pte r,we pr

227、 o vi d e b a c kg r o und o n the e vo l uti o n o f r e si d e nti a l b a tte r y sto r a g e i n E ur o pe s f o ur mo st pr o mi ne nt ma r ke ts i n 2021.E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202622FIGURE 4.1 T OP 4 MAR K E T S I N 2021&2026 Re

228、st of Europe:359 MWh,16%Austria:132 MWh,6%UK:128 MWh,5%Italy:321 MWh,14%Germany:1,354 MWh,59%2,294 MWh2021Rest of Europe:2,673 MWh,37%Sweden:458 MWh,6%Poland:587 MWh,8%Italy:961 MWh,13%Germany:2,651 MWh,36%7,330 MWh2026 S OL AR P OWE R E U R OP E 2022T h e t o p 4 E u r o p e a n r e s i d e nt i a

229、l b a t t e r y s t o r a g e ma r k e t s4 S o l a r E d g eE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202623G E R MAN YI T AL YU KAU S T R I A2022 forecas t(medium s cen ario)an n ual market s ize(MWh)1,538 (+14%)1,111(+246%)28 8 (+124%)223(+7 0%)2021 a

230、n n ual market s ize(MWh)1,354 321 128 132 Cumulativ e res iden tial BESS cap acity 2021(MWh)3,430 59 3 401 29 3 Cumulativ e res iden tial PV cap acity 2021(MW)6 0,59 9 22,127 14,59 9 2,7 6 0 Res iden tial BESS-PV attachmen t rate 2021(%)7 0%45%45%30%Retail electricity p rice for res iden tial cus t

231、omers 2021(EUR/kWh)0.32135 0.2309 5 0.219 8 4 0.22505 Ov erarchin g framework for p ros umer electricity exp ort F e e d-i n ta r i f f/f e e d-i n pr e mi um N e t-b i l l i ng Ma r ke t b a se d F e e d-i n ta r i f f Av erage exp ort tariff for res iden tial PV s ys tems 2021(EUR/kWh)0.07 0.23 0.

232、06 0.13 Authorization to s elf-con s ume Y e s Y e s Y e s Y e s En ergy arbitrage p os s ible Y e s,b ut unc o mmo n N o Y e s N o Aggregation an d grid s erv ices p os s ible P a r ti a l l y P i l o ts o ng o i ng Y e s Y e s Fin an cial s up p ort s chemes for BESS S po r a d i c a l l y,so me r

233、 e g i o na l suppo r t sc he me s S upe r b o nus up to 110%d e pr e c i a ti o n i f c o mb i ne d wi th o the r e ne r g y e f f i c i e nc y me a sur e me nts;50%ta x d e d uc ti o n f o r b ui l d i ng r e no va ti o n 0%V AT i f i nsta l l e d a l o ng si d e a P V syste m F e d e r a l i nve

234、stme nt g r a nt f o r so l a r a nd b a tte r y sto r a g e;so me r e g i o na l suppo r t me c ha ni sms Remain in g barriers L o w sma r t-me te r r o l l o ut;no d yna mi c ti me-o f-use ta r i f f s;r e g i o na l g r a nts wi th l i mi te d f und s f r e e zi ng the ma r ke t N e t-b i l l i n

235、g;l o ng pe r mi tti ng ti me s f o r P V i nsta l l a ti o ns;i nc o nsi ste nt r e g i o na l i nte r pr e ta ti o n o f i nc e nti ve sc he me s L o w i nc e nti vi za ti o n o f b a tte r y sto r a g e syste ms;i nc o mpl e te sma r t me te r r o l l o ut I nc o mpl e te sma r t me te r r o l l

236、o ut;i nc o nsi ste nc y a mo ng st r e a l-ti me d a ta syste ms use d b y D S Os;d i f f e r e nt pe r mi tti ng o f P V i nsta l l a ti o ns a mo ng D S Os TABLE 4.1.OV E RV I E W OF T HE T OP 4 RE S I DE NT I AL BE S S MARK E T S 4 T h e t o p 4 E u r o p e a n r e s i d e nt i a l b a t t e r y

237、 s t o r a g e ma r k e t s /c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 20222026244.1.G e r ma ny I n 2021,G e r ma ny wa s a g a i n E ur o pe s l a r g e st ma r ke t f o r r e si d e nti a l b a tte r y sto r a g e.T he c o untr y i nsta l l e

238、 d 1,354 MWh i n 2021,a n 8 1%i nc r e a se f r o m the 7 49 MWh a d d e d i n 2020.T he str o ng l e a d e r shi p o f G e r ma ny c o nti nue d i n 2021 a t a ve r y d o mi na nt l e ve l,c a ptur i ng a 59%sha r e o f the e nti r e E ur o pe a n R-BE S S ma r ke t.H o we ve r,i ts r e l a ti ve s

239、ha r e d e c r e a se d b y 9%pe r c e nta g e po i nts f r o m the 6 8%i n the pr e vi o us ye a r.We e sti ma te tha t ne a r l y 150,000 si ng l e r e si d e nti a l sto r a g e uni ts we r e i nsta l l e d thr o ug ho ut 2021.T hi s i s mo r e tha n f o ur ti me s hi g he r tha n I ta l y,E ur o

240、 pe s se c o nd l a r g e st R-BE S S ma r ke t.T hi s i mpr e ssi ve d e ve l o pme nt e ve n sl i g htl y sur pa sse d o ur pr e vi o us e d i ti o ns H i g h S c e na r i o,whi c h a ssume d tha t the G e r ma n ma r ke t wo ul d r e a c h 1,240 MWh i n 2021.An e sta b l i she d so l a r a nd b a

241、 tte r y sto r a g e ma r ke t f o r ma ny ye a r s,2021 wa s the ye a r e l e c tr i c i ty pr i c e s sta r te d i ts r a l l y a t the who l e sa l e ma r ke ts.Whi l e r e ta i l e l e c tr i c i ty pr i c e s i n G e r ma ny ha ve b e e n a l r e a d y a mo ng the hi g he st i n E ur o pe f o r

242、 ye a r s,the f e a r o f f ur the r pr i c e hi ke s tr i g g e r e d ma ny mo r e ho me o wne r s to l o o k i nto so l a r&sto r a g e syste m te c hno l o g y,a d e ve l o pme nt tha t ha s a c c e l e r a te d wi th the sta r t o f the R ussi a n wa r a g a i nst U kr a i ne,whi c h r e sul te

243、d i n skyr o c ke ti ng e ne r g y pr i c e s.Res iden tial s olar&s torage market in German y S i nc e the b e g i nni ng o f the mi l l e nni um,G e r ma ny ha s mo st-o f te n b e e n the l a r g e st so l a r P V ma r ke t i n E ur o pe.G e r ma nys so l a r b o o m b e g a n i n Apr i l 2000,wh

244、e n the f i r st f e e d-i n ta r i f f sc he me f o r so l a r P V syste ms wa s i mpl e me nte d thr o ug h i ts E E G l a w,a nd e xpe r i e nc e d a f i r st str o ng g r o wth pha se unti l 2012,whe n the si ze o f the ma r ke t wa s si mi l a r to 2022.U nd e r the F I T sc he me,ho use ho l d

245、 s c o ul d se l l a l l e l e c tr i c i ty g e ne r a te d b y the i r so l a r P V syste m a t ve r y hi g h r a te s to the g r i d f o r 20 ye a r s.D r a ma ti c i nc e nti ve c uts a nd r e g ul a to r y c ha ng e s tha t a l so ki c k-sta r te d a tr a nsi ti o n to se l f-c o nsumpti o n d

246、e pr e sse d d e ma nd f o r se ve r a l ye a r s b e twe e n 2013 a nd 2018,whe n so l a r c o st r e d uc ti o ns ha ve ma d e i nve stme nts i nto the te c hno l o g y a ttr a c ti ve a g a i n.Ove r the l a st two d e c a d e s the f e e d-i n r a te wa s c o nti nuo usl y r e d uc e d f o r ne

247、w syste ms,r e a c hi ng a r o und 0.43 E U R/kWh a t the e nd o f 2009,0.24 E U R/kWh i n 2012,a nd a b o ut 0.07 E U R/kWh e nd o f 2021.T he d e c r e a si ng pr i c e f o r so l a r e xpo r t ta r i f f s,c o mb i ne d wi th c o st r e d uc ti o n i n so l a r te c hno l o g y,g e ne r a l l y w

248、i d e ne d the g ul f to G e r ma nys ve r y hi g h r e ta i l po we r ta r i f f s o ve r ti me.As se l f-c o nsumpti o n b e c a me i nc r e a si ng l y a ppe a l i ng,the ne e d f o r b a tte r y sto r a g e e me r g e d.S i nc e b a tte r i e s we r e ve r y c o stl y FIGURE 4.2 GE R MANY R E S

249、I DE NT I AL BE S S ANNU AL S CE NAR I OS 2022-2026 00.51.01.52.02.53.03.54.0GWhHistorical dataLow ScenarioHigh ScenarioMedium Scenario2022202320242025202620020202114%6%15%20%17%1.43.72.01.31.9 S OL AR P OWE R E U R OP E 2022E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba t

250、te r y S to r a g e 202220262510 ye a r s a g o,the G e r ma n g o ve r nme nt i ni ti a te d a sub si d y sc he me.T hi s sc he me,c r e a te d i n 2013 a nd a ppl i c a b l e to so l a r i nsta l l a ti o ns b e l o w 30 kW,wa s the i g ni ti o n po i nt f o r the c o mb i ne d r o o f to p so l a

251、 r a nd sto r a g e ma r ke t i n G e r ma ny.T he c o untr ys d e ve l o pme nt b a nk(K f W)f i r st o f f e r e d l o w-i nte r e st l o a ns a nd g r a nts b e twe e n 2013-2015,a f te r whi c h the sc he me wa s r e ne we d f o r a no the r thr e e ye a r s,f r o m 2016-2018,pr o vi d i ng the

252、b a si s f o r se ve r a l l o c a l b a tte r y syste m ma nuf a c tur i ng sta r t-ups,a nd ti me f o r i nsta l l e r s to l e a r n a b o ut so l a r a nd sto r a g e.Whi l e se ve r a l G e r ma n sta te s ha d o f f e r e d i nc e nti ve s f o r b a tte r y sto r a g e i n r e c e nt ye a r s,

253、mo st o f the se pr o g r a mme b ud g e ts a r e no w e xha uste d.T he r e i s sti l l a G e r ma ny-wi d e K f W l o a n pr o g r a mme f o r so l a r,sto r a g e,a nd o the r r e ne wa b l e s a va i l a b l e (K f W 27 0),b ut the d i sc o unt r a te s sta r ti ng a t 3.58%a r e si mi l a r to

254、c o mme r c i a l l o a ns.Econ omics for res iden tial s torage in German y P r e mi um f e e d-i n r a te s qui c kl y d e c r e a se d b y mo r e tha n 7 0%i n 2020 a nd 2021 f o r r e si d e nti a l syste ms d o wn to 0.06 9 3 E U R/kWh b y e nd o f 2021 a s a r e sul t o f hi g h i nsta l l a t

255、i o n vo l ume s o n the o ne ha nd a nd a ve r a g e e l e c tr i c i ty pr i c e s o f 0.3214 E U R/kWh i n 2021 o n the o the r.T hi s pr o vi d e d a n a ttr a c ti ve b usi ne ss c a se f o r so l a r&sto r a g e,a nd e xpl a i ns the 8 1%a nnua l R-BE S S g r o wth r a te,d e spi te a n i nc r

256、 e a se i n pr o d uc t c o st d ue to suppl y c ha i n i ssue s.T he b usi ne ss c a se r e ma i ns si mi l a r i n 2022,o nl y tha t r e ta i l e l e c tr i c i ty pr i c e s e xc e e d e d the 0.40 E U R/kWh l e ve l i n the se c o nd ha l f o f the ye a r,ma ki ng the i nve stme nt i n P V a nd

257、sto r a g e e ve n mo r e a ttr a c ti ve.F o r 2022,o ur e sti ma te i s a 14%a nnua l g r o wth to 1.5 G Wh i n the Me d i um S c e na r i o,whi c h wo ul d b e muc h hi g he r i f mo r e b a tte r i e s a nd i nsta l l e r s we r e a va i l a b l e.As o f J ul y 30,2022,the E E G 2023 e d i ti o

258、n o f the ne w g o ve r nme nt c o a l i ti o n we nt i nto e f f e c t,whi c h i nc r e a se d the e xc e ss so l a r po we r f e e d-i n f o r ne w syste ms to 0.08 6 E U R/kWh,f r o m 0.06 24 E U R/kWh i n J ul y 2022.T he mo nthl y d e c r e a si ng tr a j e c to r y o f f e e d-i n ta r i f f s

259、 i s no w f r o ze n unti l 2024,a f te r whi c h i t wi l l r e-sta r t wi th l e ve l s o f 1%,b ut o nl y e ve r y 6 mo nths.As the g o ve r nme nt i s l o o ki ng to i nc r e a se a c c e ssi b l e po we r vo l ume s d ur i ng the c ur r e nt e ne r g y c r i se s,the te c hni c a l l i mi t to

260、i nj e c t o nl y 7 0%o f a so l a r syste ms r a te d po we r o utput wa s a b o l i she d a s o f J a nua r y 2023.Mo r e o ve r,ho use ho l d s d e c i d i ng to e xpo r t a l l so l a r e l e c tr i c i ty to the g r i d wi l l b e ne f i t f r o m a b o nus o f 0.048 E U R/kWh,r a i si ng to ta

261、 l r e mune r a ti o n to 0.134 E U R/kWh.T he f ul l f e e d-i n i s a l so a i me d a t so nne n4 T h e t o p 4 E u r o p e a n r e s i d e nt i a l b a t t e r y s t o r a g e ma r k e t s /c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202626

262、i nve sto r s who se pr o pe r ti e s ha ve l i ttl e o r no se l f-c o nsumpti o n ne e d s a nd e nc o ur a g e s ma xi mum usa g e o f a va i l a b l e r o o f spa c e.I n the c a se o f r e si d e nti a l so l a r,ho me o wne r s wi l l ve r y l i ke l y o pt mo stl y f o r so l a r&sto r a g e

263、a nd the l o we r se l f-c o nsumpti o n ta r i f f,ho we ve r,the l a w a l l o ws two se pa r a te syste ms o n the sa me ho use o ne o pti mi se d f o r se l f-c o nsumpti o n,the o the r f o r f ul l f e e d-i n.Pros p ects T he f ur the r pr o spe c ts f o r the R-BE S S ma r ke t i n G e r ma

264、ny a r e ve r y b r i g ht.T he ne w,hi g he r f ul l f e e d-i n r a te s wi l l no t r e ve r se o r e ve n sl o w the tr e nd o f ne w r e si d e nti a l P V syste ms b e i ng b ui l t to g e the r wi th a b a tte r y.T he e ne r g y c r i si s ha s put e ne r g y se c ur i ty o n the ta b l e,a

265、to pi c G e r ma ns ha ve no t wo r r i e d a b o ut f o r d e c a d e s,a nd d r i ve n si g ni f i c a nt psyc ho l o g i c a l shi f ts i n the wa y c o nsume r s pe r c e i ve the se l f-g e ne r a ti o n a nd c o nsumpti o n o f e ne r g y,a nd the wa ys i n whi c h ho use ho l d s c a n se i z

266、e the me a ns o f e ne r g y pr o d uc ti o n.T he R-BE S S r i se i n G e r ma ny wi l l c o nti nue i n the c o mi ng ye a r s,mo stl y f o l l o wi ng the d e ve l o pme nt o f the r e si d e nti a l P V se c to r,whi c h wi l l c o nti nue i ts g r o wth f r o m a r o und 1.8 G W i n 2022,to a b

267、 o ut 2.2 G W i n 2024.We e sti ma te tha t b a tte r y a tta c hme nt r a te s wi l l g r o w c l o se to 9 0%b y 2026,ma ki ng the b a tte r y b a si c a l l y a sta nd a r d pa r t o f a ne w so l a r syste m i n G e r ma ny.H o we ve r,d ue to suppl y c ha i n i ssue s,he i g hte ne d b y the hu

268、g e d e ma nd f o r b a tte r i e s f r o m the c a r i nd ustr y,no t e ve r yo ne who wa nts so l a r&sto r a g e wi l l g e t the f ul l pa c ka g e i n the sho r t r un.Ove r a l l,we e xpe c t the a nnua l ma r ke t to e xpa nd i n 2022 b y 14%to 1.5 G Wh i n o ur Me d i um S c e na r i o.T he

269、r e a r e two r e a so ns f o r the l o we r g r o wth tha n i n the pr e vi o us ye a r f i r st,the i nsta l l e r sho r ta g e l i mi ts g r o wth i n the r e si d e nti a l P V ma r ke t,a nd se c o nd,the r e i s the e a r l i e r me nti o ne d sho r ta g e o f a va i l a b l e b a tte r i e s.

270、As d e ma nd f o r so l a r i n G e r ma ny ha s swe l l e d d r a ma ti c a l l y d ur i ng the e ne r g y c r i se s,o ur H i g h S c e na r i o a nti c i pa te s a s muc h a s 2 G Wh i n 2022.T he sto r y i s si mi l a r f o r 2023.Al tho ug h the b o ttl e ne c k o n the suppl y si d e i s a nti

271、 c i pa te d to c o nti nue a nd e ne r g y pr i c e c a ps f r o m the g o ve r nme nt pr o mi se so me se c ur i ty o n i nc r e a si ng e ne r g y e xpe nse s,the mo me ntum to g e t ho l d o f c l e a n a nd sa f e po we r suppl y wi l l sta y,e spe c i a l l y a s no b o d y kno ws ho w l o ng

272、thi s e ne r g y c r i se s wi l l l a st.Our Me d i um S c e na r i o f o r e c a sts 1.8 G Wh f o r 2023,1.9 G Wh i n 2024,2.2 G Wh i n 2025,a nd 2.7 G Wh i n 2026.H o we ve r,i f G e r ma ny f a c e d b l a c ko uts i n the wi nte r 2022/23,a nd the e ne r g y c r i se s a g g r a va te d,the r u

273、n o n so l a r&sto r a g e c o ul d e ve n g e t muc h l a r g e r.Our H i g h S c e na r i o a nti c i pa te s a nnua l a d d i ti o ns o f 2.3 G Wh i n 2023,a nd a d va nc i ng to wa r d s 3.7 G Wh i n 2026.I n a ny c a se,G e r ma ny wi l l a b so r b a l o t o f b a tte r y c a pa c i ty o ve r

274、the ne xt f i ve ye a r s.F r o m 2022 to 2026,a to ta l o f 10.1 G Wh o f r e si d e nti a l sto r a g e c a pa c i ty wi l l b e i nsta l l e d und e r the Me d i um S c e na r i o,a nd 13.5 G Wh und e r the H i g h S c e na r i o.T hi s wo ul d b o o st the c umul a ti ve R-BE S S c a pa c i ty f

275、 r o m the 2021 l e ve l o f 3.4 G Wh,to a r o und 13.5 G Wh i n the Me d i um S c e na r i o,17.1 G Wh i n the H i g h S c e na r i o,a nd e ve n 11 G Wh i n the L o w S c e na r i o,b y the e nd o f 2026.4.2.I t a l y U nl i ke the o ve r a l l so l a r po we r ma r ke t,whe r e I ta l y ha s se v

276、e r e l y l a g g e d b e hi nd the l e a d i ng E ur o pe a n so l a r na ti o ns f o r ma ny ye a r s,the sto r y i s muc h d i f f e r e nt f o r r e si d e nti a l e ne r g y sto r a g e.S i nc e 2018,the I ta l i a n R-BE S S ma r ke t ha s b e e n the se c o nd l a r g e st i n E ur o pe,a l b

277、 e i t f o l l o wi ng b y a l a r g e ma r g i n the c o nti ne nts#1 G e r ma ny.T he f i r st r e si d e nti a l so l a r&sto r a g e i nsta l l a ti o ns i n the c o untr y we r e r e g i ste r e d i n 2015.S i nc e the n,the se c to r sta r te d to g r o w r a pi d l y f o l l o wi ng f i na nc

278、 i a l suppo r t sc he me s a va i l a b l e i n the r e g i o ns o f L o mb a r d y,V e ne to,a nd F r i ul i V e ne zi a G i ul i a,a nd the e xte nsi o n to b a tte r i e s o f the 50%ta x c r e d i t f o r the pur c ha si ng o f a r e si d e nti a l P V syste m.T he i ntr o d uc ti o n o f the S

279、 upe r b o nus 110%i nc e nti ve sc he me c o nsti tute d a str o ng i mpr o ve me nt i n BE S S a ttr a c ti ve ne ss i n the c o untr y.T ho ug h the sc he me wa s i ntr o d uc e d i n mi d-2020,the e f f e c ts o n R-BE S S sa l e s a r e o nl y f ul l y vi si b l e i n the 240%ye a r-o n-ye a r

280、ma r ke t g r o wth tha t to o k pl a c e i n 2021,b r i ng i ng a nnua l i nsta l l a ti o ns to 321 MWh.T ha nks to thi s b o o st,I ta l y c l e a r l y e me r g e d a s the se c o nd l a r g e st ma r ke t i n 2021,d i sta nc i ng i tse l f f r o m Austr i a a nd the U ni te d K i ng d o m.T he

281、c umul a ti ve o pe r a ti ng c a pa c i ty i n 2021 sto o d a t j ust b e l o w 6 00 MWh,g r o wi ng 118%f r o m the pr e vi o us ye a r.E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202627Res iden tial s olar&s torage market in Italy T he r e si d e nti a

282、l P V se g me nt r e ma i ns a ke y c o ntr i b uto r to the I ta l i a n so l a r se c to r,wi th a n a ve r a g e sha r e o f 33%a mo ng the a nnua l l y i nsta l l e d P V c a pa c i ty i n the l a st 5 ye a r s.T hi s ha s l e d to a c umul a ti ve c a pa c i ty o f 4.5 G W a nd mo r e tha n 9 0

283、0,000 ho me s.T he r e si d e nti a l P V ma r ke t i n I ta l y to o k o f f b e twe e n 2005 a nd 2013,f o l l o wi ng the f i ve Co nto E ne r g i a d e c r e e s,se tti ng a sub si d i se d f e e d-i n ta r i f f f o r sma l l-sc a l e so l a r g e ne r a ti o n.Be twe e n 6 00,000 a nd 7 00,000

284、 ho me s we r e e qui ppe d d ur i ng thi s pe r i o d,a nd sti l l b e ne f i t f r o m the sc he me a s the F I T i nc e nti ve wa s g r a nte d f o r 20 ye a r s f r o m the c o mmi ssi o ni ng o f the syste m.R e si d e nti a l so l a r i nsta l l a ti o ns we nt d o wn a f te r 2013,f l uc tua

285、ti ng a r o und 200 MW i nsta l l e d pe r ye a r si nc e the n.T he I ta l i a n e ne r g y a utho r i ty G S E o f f e r s a ne t-b i l l i ng sc he me (S c a mb i o sul P o sto)f o r a ny P V syste m b e l o w 500 kW.U nd e r thi s sc he me,o n a ye a r l y b a si s pr o sume r s sub tr a c t the

286、 va l ue o f e l e c tr i c i ty f e d i nto the g r i d to the b i l l o f e l e c tr i c i ty c o nsume d.T he g o ve r nme nt a l so pr o vi d e s a n i nc e nti ve f o r the i nsta l l a ti o n o f sma l l-sc a l e P V g e ne r a ti o n a sse ts i n the f o r m o f a 10-ye a r-l o ng ta x c r e

287、d i t c o ve r i ng 50%o f the i nve stme nt c o st.T ypi c a l l y,a ho use ho l d spe nd i ng 10,000 E U R f o r a P V syste m wo ul d b e ne f i t f r o m a 500 E U R ta x r e b a te pe r ye a r d ur i ng the ne xt 10 ye a r s.T he r e si d e nti a l BE S S ma r ke t i n I ta l y e me r g e d i n

288、 2016,whe n the L o mb a r d y i ntr o d uc e d a ne w i nc e nti ve spe c i f i c a l l y f o r sma l l-sc a l e sto r a g e.T he b ud g e t se t wa s 2 mi l l i o n E U R f i r st a nd wa s the n r e ne we d e ve r y ye a r si nc e,e a c h ti me a mo unti ng to 34 mi l l i o n E U R.I n 2018,the 1

289、0-ye a r ta x i nc e nti ve f o r the i nsta l l a ti o n o f r e si d e nti a l P V c o ve r i ng 50%o f the upf r o nt i nve stme nt c o st we r e e xte nd e d to sma l l-sc a l e BE S S.Al l syste ms i nsta l l e d si mul ta ne o usl y o r a f te r the c o mmi ssi o ni ng o f the P V syste m we r

290、 e e l i g i b l e.V e ne to a nd F r i ul i V e ne zi a G i ul i a a l so l a unc he d si mi l a r i nc e nti ve pr o g r a mme s i n the f o l l o wi ng ye a r s,a l tho ug h the ma j o r i ty o f the se pr o g r a mme s ha ve b e e n d i sc o nti nue d.I n J ul y 2020,a s pa r t o f the CO V I D-

291、19 na ti o na l r e c o ve r y pl a n,the g o ve r nme nt i ntr o d uc e d the a f o r e me nti o ne d S upe r b o nus 110%,pr o vi d i ng a si g ni f i c a nt i nc e nti ve to e ne r g y e f f i c i e nc y i nte r ve nti o ns i n r e si d e nti a l b ui l d i ng s.T he me a sur e o r i g i na l l y

292、 g a ve the po ssi b i l i ty to o b ta i n a ta x c r e d i t o f 110%f o r the e xpe nse s i nc ur r e d f r o m J ul y 2020 unti l 2023,to b e spr e a d o ve r a 5-ye a r pe r i o d i n f i ve a nnua l i nsta l me nts o f e qua l a mo unt.I n o r d e r to o b ta i n the c r e d i t,the l a w ma k

293、e s a n i mpo r ta nt d i f f e r e nti a ti o n b e twe e n“l e a d i ng”(tr a i na nti)”a nd “to we d”(tr a i na ti)i mpr o ve me nts.T he f o r me r c o nc e r n a the r ma l i nsul a ti o n,wi nte r a i r c o nd i ti o ni ng syste ms,a nd se i smi c r i sk r e d uc ti o n wo r ks;whi l e the l a

294、 tte r i nc l ud e the i nsta l l a ti o n o f g r i d-c o nne c te d P V syste ms,FIGURE 4.3 I T AL Y R E S I DE NT I AL BE S S ANNU AL S CE NAR I OS 2022-2026 02004006008001,0001,2001,4001,6001,800MWhHistorical dataLow ScenarioHigh ScenarioMedium Scenario202220232024202520046

295、%10%1%0%6%3211,6531,556911432 S OL AR P OWE R E U R OP E 20224 T h e t o p 4 E u r o p e a n r e s i d e nt i a l b a t t e r y s t o r a g e ma r k e t s /c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202628b a tte r y sto r a g e,E V c ha r g

296、i ng i nf r a str uc tur e,a nd o the r e ne r g y e f f i c i e nc y me a sur e s.T he r e f o r e,i n o r d e r to b e ne f i t f r o m the S upe r b o nus,the P V a nd the sto r a g e syste ms must b e i nsta l l e d i n c o nj unc ti o n wi th o ne o f the ma i n i nte r ve nti o ns a nd the o v

297、e r a l l i nve stme nt ma d e must l e a d to a n i mpr o ve me nt o f the b ui l d i ng s e ne r g y e f f i c i e nc y r a ti ng.I n the c a se o f i ne l i g i b i l i ty f o r the S upe r b o nus,i t i s sti l l po ssi b l e to o b ta i n the 10-ye a r 50%ta x c r e d i t a l r e a d y i n pl a

298、 c e f o r the i nsta l l a ti o n o f sma l l-sc a l e P V g e ne r a ti o n a sse ts a nd BE S S.I n N o ve mb e r 2022,the ne wl y f o r me d g o ve r nme nt a nno unc e d tha t sta r ti ng f r o m J a nua r y 2023 the S upe r b o nus wi l l b e r e d uc e d to 9 0%a nd wi l l pr o g r e ssi ve l

299、 y d e c r e a se i n the f o l l o wi ng ye a r s.H o we ve r,d i f f e r e ntl y f r o m wha t pr e vi o usl y pl a nne d,a c c o r d i ng to the ne w r ul e s i t wi l l b e sti l l po ssi b l e f o r si ng l e ho use s to b e ne f i t f r o m the S upe r b o nus i n 2023.Econ omics for res iden

300、tial s torage in Italy T he o nl y a ppl i c a ti o n f o r r e si d e nti a l BE S S i n I ta l y a t pr e se nt i s to i mpr o ve the se l f-c o nsumpti o n r a te o f r e si d e nti a l P V pl a nts.H o use ho l d b a tte r i e s c a nno t c ha r g e f r o m no r f e e d to the g r i d b ut c a n

301、 o nl y i nte r a c t wi th the c o-l o c a te d so l a r P V syste m,whi c h ma ke s i t i mpo ssi b l e to use sto r a g e f o r o the r b usi ne ss mo d e l s suc h a s e ne r g y a r b i tr a g e.H o we ve r,the U V AMs(Mi xe d E na b l e d V i r tua l U ni ts)pi l o t pr o j e c t a l l o ws a

302、g g r e g a ti o n o f d i str i b ute d a sse ts f o r the pr o vi si o n o f se r vi c e s suc h a s c o ng e sti o n r e so l uti o n,b a l a nc i ng a nd se c o nd a r y a nd te r ti a r y r e se r ve s.T he c ur r e nt f r a me wo r k f o r se l f-c o nsumpti o n und e r the S c a mb i o sul P

303、o sto ne t-b i l l i ng sc he me a l so pr o vi d e s a b a r r i e r to the sto r a g e b usi ne ss c a se,si nc e pr o sume r s g e t a r e mune r a ti o n f o r the e l e c tr i c i ty the y f e e d i nto the g r i d.T hi s sc he me i s suppo se d l y po i se d to e nd i n 2024,a l tho ug h thi s

304、 ne e d s to b e c o nf i r me d i n a ne w l e g i sl a ti ve d e c r e e.Be f o r e the i mpa c t o f the e ne r g y pr i c e c r i si s ma te r i a l i se d i tse l f i n 2022,the I ta l i a n a nnua l a ve r a g e o f the r e ta i l e l e c tr i c i ty r a te ha s o sc i l l a te d b e twe e n 0

305、.20 a nd 0.25 E U R/kWh(to wa r d s the e nd o f 2021).I ta l y wa s o ne o f the pi o ne e r s i n the r o l l o ut o f sma r t me te r s,b ut i t d i d no t tr a nsl a te i nto ma ny i nno va ti ve e l e c tr i c i ty o f f e r s f o r r e si d e nti a l c usto me r s.S ta ti c ti me-o f-use pr i

306、c i ng c o ntr a c ts,wi th a l o we r r a te a t ni g ht a nd d ur i ng o f f-pe a k pe r i o d s a r e wi d e l y a va i l a b l e a nd o f te n c ho se n b y P V o wne r s.H o we ve r,d yna mi c ti me-o f-use ta r i f f s a r e i ne xi ste nt ye t.T he ma i n d r i ve r s f o r the pur c ha se o

307、f BE S S b y ho me o wne r s e qui ppe d wi th P V r e ma i n the ve r y g e ne r o us i nc e nti ve s c ur r e ntl y o f f e r e d.T ha nks to tho se,I ta l y i s b y f a r the mo st a ttr a c ti ve E ur o pe a n c o untr y f o r sma l l-sc a l e so l a r&sto r a g e syste ms r e g a r d i ng pa yb

308、 a c k ti me.T he 110%o r 50%ta x r e l i e f s d r a sti c a l l y e a se s the i nve stme nt i n a r e si d e nti a l BE S S,a nd the a d d i ti o na l i nd e pe nd e nc e i t pr o vi d e s to g e the r wi th a P V a ppe a l s ma ny c usto me r s.T he hi g h e l e c tr i c i ty pr i c e s e xpe r

309、i e nc e d i n 2021 a nd 2022 ha ve f ur the r i mpr o ve d the ho me sto r a g e b usi ne ss c a se.Pros p ects Wi th the S upe r b o nus 110%i n f ul l swi ng a nd i mpa c te d b y vo l a ti l e e l e c tr i c i ty pr i c e s,the I ta l i a n r e si d e nti a l BE S S ma r ke t ha s b e e n skyr o

310、 c ke ti ng i n 2022.I n the pe r i o d f r o m J a nua r y to S e pte mb e r 2022,a b o ut 100,000 uni ts,e qui va l e nt to 8 59 MWh,we r e r e po r te d l y i nsta l l e d.We e xpe c t tha t b y ye a r e nd the c a pa c i ty wi l l e xc e e d the G Wh ma r k a nd r e a c h 1.1 G Wh.T hi s e xpe c

311、 te d 246%g r o wth mi g ht no t b e suf f i c i e nt to sur pa ss G e r ma ny a s l a r g e st E ur o pe a n ma r ke t i n 2022,b ut wi l l c e r ta i nl y pl a c e the I ta l i a n ma r ke t i n the sa me o r d e r o f ma g ni tud e.T he a b i l i ty o f the ma r ke t to a d a pt to the c ur r e n

312、t sho r ta g e o f i nsta l l e r s a nd i ts a b i l i ty to a ttr a c t e no ug h b a tte r i e s wi l l pl a y a ma j o r r o l e i n d e te r mi ni ng ho w ma ny ne w so l a r a nd sto r a g e syste ms wi l l b e i nsta l l e d.At pr e se nt,the l a c k o f i nsta l l e r s r e sul ts i n d e l

313、a ys o f 6 mo nths o f mo r e f o r R-BE S S o r d e r s.H o we ve r,a s the I ta l i a n R-BE S S b o o m mi g ht b e g o o d f o r a no the r sur pr i se,o ur H i g h S c e na r i o e sti ma te s i nsta l l a ti o ns to a d d 1.56 G Wh i n 2022,whi c h i s the sa me l e ve l a s the Mi d S c e na

314、r i o f o r G e r ma ny.I n the c o mi ng ye a r s,the e vo l uti o n o f the ma r ke t b e c o me s mo r e unc e r ta i n.Whi l e 2023 i s po i se d to ma r k a no the r e xc e pti o na l ye a r,whe n the ma r ke t c o ul d e ve n e xc e e d the 2022 pe r f o r ma nc e,the pr o g r e ssi ve pha se

315、o ut o f the S upe r b o nus c o upl e d wi th the e xpe c te d te r mi na ti o n o f the S c a mb i o sul P o sto ne t-b i l l i ng sc he me ma ke r o o m f o r muc h unc e r ta i nty r e g a r d i ng the d i r e c ti o n o f the ma r ke t i n the sub se que nt ye a r s.A sub sta nti a l d e c r e

316、a se i n the a ttr a c ti ve ne ss o f the suppo r ti ng f r a me wo r k c o ul d i n the o r y l e a d the ma r ke t to pr e-S upe r b o nus l e ve l s;ho we ve r,we e xpe c t the ma r ke t to a t l e a st sta b i l i se j ust b e l o w the G Wh r a ng e.Ac c o r d i ng to the I ta l i a n T S O T

317、e r na,16 G Wh o f r e si d e nti a l sto r a g e sho ul d b e d e pl o ye d b y 2030,c o mpa r e d to the 5.6 G Wh tha t wo ul d b e o pe r a ti ng b y 2026 i n o ur Me d i um S c e na r i o.E ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 20222026294.3.Au s t r i

318、 a T he r e si d e nti a l b a tte r y sto r a g e ma r ke t i n Austr i a sta r te d to g e t f i r st tr a c ti o n a s e a r l y a s 2015,b ut sta r te d to g r o w f a ste r a f te r i nve stme nt g r a nts we r e l a unc he d i n 2018 a t the f e d e r a l l e ve l.L a st ye a r,132 MWh f r o m

319、 13,000 uni ts o f r e si d e nti a l sto r a g e c a pa c i ty we r e a d d e d,c o r r e spo nd i ng to a 223%i nc r e a se c o mpa r e d to 2020.T hi s e no r mo us g r o wth wa s e na b l e d pr i ma r i l y b y g o ve r nme nt i nc e nti ve s,ma i nl y f o r P V syste ms i n c o mb i na ti o n

320、wi th sto r a g e.T he b a tte r y sto r a g e r o l l o ut d i f f e r s wi d e l y a mo ng Austr i a s sta te s,a nd d e pe nd s a l so o n l o c a l i nc e nti ve sc he me s.T he r e ne wa l o f the f e d e r a l i nve stme nt g r a nt f o r sto r a g e i n mi d-2022 ha s pr o vi d e d a no the r

321、 push f o r b a tte r y sto r a g e b o th f o r ne w syste ms a nd r e tr o f i ts o f P V syste ms.Our Me d i um S c e na r i o f o r e c a sts r e si d e nti a l sto r a g e c a pa c i ty a d d i ti o ns o f 223 MWh i n 2022,c o r r e spo nd i ng to a str o ng a nnua l g r o wth r a te o f 7 0%.W

322、e e xpe c t susta i ne d two-d i g i t g r o wth,tho ug h a t muc h l o we r l e ve l,f o r the r e ma i ni ng ye a r s ta ke n i nto a c c o unt.Res iden tial s olar&s torage market in Aus tria T he Austr i a n f e d e r a l g o ve r nme nt se t a ne w r e g ul a to r y f r a me wo r k f o r r e ne

323、 wa b l e e ne r g y i n 2012 b y a d o pti ng the kostromnovelle(G r e e n E l e c tr i c i ty Ac t).T hi s i nc l ud e d a g e ne r o us sub si d y f o r sma l l-sc a l e P V syste ms,o f f e r i ng a o ne-ti me f i na nc i a l g r a nt f o r i nsta l l a ti o ns b e l o w 5 kW a nd a 13-ye a r F

324、I T f o r syste ms b e twe e n 5200 kW.T he suppo r t sc he me wa s i nstr ume nta l f o r ki c k-sta r ti ng the r e si d e nti a l so l a r P V ma r ke t,whi c h a d d e d a r o und 50 MW i n thi s ma r ke t se g me nt i n the pe r i o d f r o m 2013 to 2017.I n 2017,the g o ve r nme nt pa sse d a

325、 na ti o n-wi d e i nve stme nt sub si d y f o r sma l l-sc a l e P V syste ms(l o c a te d o n r o o f to ps a nd se a l e d a r e a s)f o r the ye a r s 2018 a nd 2019 i n c o he r e nc e wi th i ts r e ne wa b l e s ta r g e ts.T he sc he me,b a c ke d b y a n a nnua l 9 mi l l i o n E U R b ud g

326、 e t,o f f e r e d f i na nc i a l suppo r t c o ve r i ng up to 30%o f the i nve stme nt c o sts.Co nc ur r e ntl y,a b ud g e t o f 6 mi l l i o n E U R pe r ye a r wa s d e d i c a te d to suppo r t i nve stme nts i n a ny sto r a g e syste ms i nsta l l e d wi th the sub si d i se d P V syste ms

327、.Ove r a l l,the f i na nc i a l suppo r t f o r so l a r&sto r a g e syste ms c o ul d c o ve r up to 45%o f the to ta l i nve stme nt c o sts.I n a d d i ti o n to the f e d e r a l suppo r t sc he me,the r e ha ve b e e n a l so r e g i o na l i nc e nti ve s a va i l a b l e f o r b o th sma l l

328、-sc a l e so l a r P V a nd a tta c he d sto r a g e syste ms.I n 2020,a l a r g e r r e b a te sc he me f o r so l a r a nd e ne r g y sto r a g e syste ms wa s l a unc he d.Wi th a b ud g e t o f a r o und 36 mi l l i o n E U R,a b o ut two-thi r d wa s e a r ma r ke d f o r so l a r a nd the o th

329、e r thi r d to sto r a g e.T he T e sl a4 T h e t o p 4 E u r o p e a n r e s i d e nt i a l b a t t e r y s t o r a g e ma r k e t s /c o nti nue dE ur o pe a n Ma r ke t Outl o o k F o r R e si d e nti a l Ba tte r y S to r a g e 2022202630wi d e suc c e ss o f the sc he me,whi c h o f f e r e d h

330、o me o wne r s 250 E U R/kW o f so l a r a nd 200 E U R/kWh o f b a tte r y sto r a g e,ha s l e d to a r e a c ti va ti o n i n 2022,a nd a b ud g e t i nc r e a se to 240 mi l l i o n E U R.Whi l e a ppr o xi ma te l y 4,500 R-BE S S i nsta l l a ti o ns a nd a to ta l c a pa c i ty o f 30 MWh we

331、r e r e g i ste r e d i n Austr i a i n 2018,the se c to r e xpe r i e nc e d ste a d y g r o wth i n the c o mi ng ye a r s.I n 2019,5,500 uni ts a nd 37 MWh we r e i nsta l l e d;i n 2020,d e ma nd g r e w 11%to a b o ut 41 MWh spr e a d o ve r 6,000 syste ms,b e f o r e the ma r ke t wa s unl e a

332、 she d i n 2021,whe n g r o wth e xpl o d e d to a l e ve l o f 222%,r e sul ti ng i n 132 MWh o ve r 13,000 uni ts.Econ omics of res iden tial electricity s torage in Aus tria T he r e si d e nti a l BE S S se c to r i n Austr i a i s ma i nl y d r i ve n b y ho me o wne r s d e si r e to i mpr o v

333、e the i r e ne r g y se l f-suf f i c i e nc y.T he r e ta i l e l e c tr i c i ty r a te f o r ho use ho l d c usto me r s wa s r a the r sta b l e d ur i ng the l a st d e c a d e,o sc i l l a ti ng a r o und 0.20 E U R/kWh b ut i nc r e a se d to 0.30 E U R/kWh b y the e nd o f 2021.U nl i ke i n G e r ma ny,ne a r l y a l l tr a d i ti o na l Austr i a n r e ta i l e r s i n the c o untr y a l