From June 19th to 21st, EES Europe 2024 was grandly held in Munich, Germany. The CHISAGE ESS team showcased their popular new products at booth C2.340, successfully securing partnerships with over a dozen agents from six to seven new markets and receiving orders worth millions of dollars, discussing the future of energy storage.
Market Introduction
As the largest economy in Europe, Germany has consistently been at the forefront of the renewable energy sector. To improve energy efficiency and reduce electricity costs, Germany’s photovoltaic market has developed rapidly. In recent years, due to the oversupply of electricity, instances of negative electricity prices have frequently occurred in Germany and across Europe. To address this issue, energy storage may become a crucial solution.
As of April 2024, Germany’s cumulative installed energy storage capacity reached 12.9 GWh. Of this, residential storage accounted for 10.8 GWh, making up 83.7%; commercial and industrial storage amounted to 505.8 MWh, constituting 3.9%; and large-scale storage was at 1.6 GWh, representing 12.4%. Additionally, various state governments in Germany have introduced numerous incentive policies, such as allowing the cost of residential energy storage equipment to be offset against personal income tax or providing direct subsidies.
Live Coverage
The EES Europe 2024 in Munich, Germany, is the largest and most international battery energy storage exhibition in Europe. It is held concurrently with Intersolar Europe, Power2Drive Europe, and EM-Power Europe at the Munich New International Exhibition Center. This exhibition brings together manufacturers, distributors, project developers, system integrators, professional users, and suppliers of innovative battery storage technologies, as well as various sustainable solutions for storing renewable energy.
At this exhibition, CHISAGE ESS reunited with new and old friends with a more mature presence. Our products, including the Mars series 5-14kW three-phase low-voltage hybrid inverter, low-voltage lithium battery packs, and containerized BESS, were highly appreciated by customers. The new Merc series high-voltage 20-60kW hybrid inverter made its debut in the European market, capable of modular free combination within 1.2MW when paired with high-voltage batteries, attracting a large number of visitors.
The German market has strict standards and requirements for energy storage products. Our residential hybrid inverters’ 20-unit parallel operation feature, intelligent monitoring platform, and VDE certification have received high praise from customers. Through in-depth communication with customers, we also learned about Germany’s strong demand for large-scale energy storage. Locally, there is a desire to use energy storage for frequency regulation, peak shaving and valley filling, aiming to enhance the grid’s ability to adapt to renewable energy fluctuations while increasing energy utilization to maximize benefits.
The 18 exhibition halls were fully occupied, attracting numerous professional representatives to visit and exchange ideas. Despite the many challenges facing the European energy storage market and the pessimistic outlook of many peers, CHISAGE ESS demonstrated strong market competitiveness with its excellent products and technical prowess. The company successfully secured partnerships with over a dozen agents from six to seven new markets and received orders worth millions of dollars, achieving remarkable results.
In the next phase, we will actively explore opportunities in large-scale energy storage projects across Europe and focus on local implementation to provide high-quality energy storage solutions. We aim to continuously strengthen and expand our market share in Europe, catering to diverse customer needs. CHISAGE ESS will uphold its motto of “Leading the Innovation of Energy,” promoting the widespread adoption of green energy solutions.
