Siemens Is Expecting a Surge in German Demand for Batteries
- German utility-scale battery market may grow 5 percent a year
- Storage market may increase to $1.1 billion by 2019, BNEF says
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Siemens AG is preparing for a surge in German utility-scale-storage demand to help balance the renewable power onslaught straining the country’s grid.
The rapid expansion of intermittent wind and solar energy on the electricity network is forcing utilities to invest in batteries to help manage to new patterns of power generation and consumption. Siemens expects demand for its battery systems to grow as much as 5 percent annually into the foreseeable future, according to Frank Buechner, chief of Siemens’ Energy Management Division.