From ESS News
The BVES has noted a marked decline in battery sales in 2024, with the €12.5 billion ($13.5 billion) total down 23% on 2023.
Sales of home battery energy storage systems (BESS) fell 40%, from €11.1 billion, in 2023, to €6.7 billion with BVES Managing Director Urban Windelen citing a decline in the installation of heat pumps and wall boxes.
Falling energy prices, uncertainty over regulation such as the Building Energy Act, and a weakening construction industry are also factors, according to the trade body, with heat storage sales falling from €7.3 billion to €4 billion last year. Electricity storage system sales were down from €3.8 billion to €2.8 billion, year on year.
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