It’s hard to describe the feeling of sheer excitement that filled us at ees Europe last week. We traveled to Munich for Europe’s largest and most international exhibition for batteries and energy storage systems. Together with around 470 suppliers of energy storage systems and technologies we presented our innovative products, solutions and services to around 50,000 visitors.
The atmosphere was vibrant due to a booming economic growth. A recent report by Delta-ee shows the European energy storage market grew by 75% in 2018 (which equals 1.2 gigawatts), marking a sharp upturn in a steeply ascending line. The trend reinforces earlier forecasts and is expected to continu worldwide. According to Bloomberg New Energy Finance (BNEF) the global energy storage market will expand a staggering 13-fold over the next five years to nearly 1,000 GW by 2040.
We’ve noticed an increasing demand for domestic, commercial and industrial storage systems, with a focus on peak-shaving, off-grid and solar applications. MG offers a line of top-quality solutions to meet these demands when it comes to performance and efficiency. Moreover, while security regulations have yet to be developed for this sector, our products already comply with the highest safety standards for maritime storage systems. This makes them not only state of the art, but also future proof.
During the entire conference our booth was powered by our own energy storage systems, based on HE batteries configured in our E-Rack which was connected to our Energy Portal to monitor its performance real time. Apart from that we brought our RS Series to illustrate our head start when it comes to safety. Last but not least we introduced our new LFP Series in 12 and 24V, which suits a wide range of ess applications, both mobile and connected to the grid.
After three exhilarating days we traveled home with heads full of inspiration and hearts full of hope. The energy transition is definitely gaining traction and we are eager to take advantage of this grand momentum to expand our business even further by charging new territories to help the world run on renewable capacity with unlimited power. Full speed ahead!