Utilities energy storage revenue in Germany 2022-2024, by technology

Published by Statista Research Department, Apr 12, 2024

Sales of energy storage technologies in the utilities sector in Germany amounted to 2.5 billion euros in 2023. This figure is forecast to reach 3.1 billion euros by the end of 2024. Pumped hydro energy storage accounted for the largest share of the market, followed by batteries at a much lesser extent.

Energy storage revenue in the utilities segment in Germany from 2022 to 2023, with a forecast for 2024, by technology (in million euros)

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Release date

March 2024

Region

Germany

Survey time period

2022 to 2024

Special properties

*Preliminary. **Estimate.

Supplementary notes

*** Revenues from arbitrage activities not included.

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