In 2024, the European energy storage market is expected to experience a significant shift, with large-scale energy storage installations surpassing residential storage for the first time, reaching 11 GWh and accounting for 49% of new installations in Europe. Despite declining residential storage, Germany leads the market with 4.4 GWh of installed capacity, thanks to solid growth in commercial, industrial, and large-scale storage sectors. The UK follows with 3.7 GWh of large-scale storage projects, making up 82% of its market. Italy is projected to add 7.7 GWh of large-scale storage capacity, demonstrating its market leadership. Overall, the European energy storage industry is rapidly growing at an annual rate of over 35%, driven by policy support and technological advancements, with large-scale storage playing a crucial role in driving the energy transition.
At this prestigious event, Swatten proudly showcased its latest innovations and solutions in the residential energy storage sector at booth B4-190. As a leading provider of residential energy storage products, Swatten focuses on delivering efficient and reliable solutions to its customers. Our energy storage inverters and battery systems, equipped with high-efficiency conversion and intelligent control features, attracted significant attention from attendees. Designed to maximize the flexibility and efficiency of power systems, Swatten's products help users achieve more efficient energy management, supporting sustainable energy development.
Swatten's residential energy storage products received widespread recognition at the exhibition. Our energy storage inverters utilize advanced technology to provide highly integrated solutions, ensuring easy installation and maintenance for users. Additionally, the inverters feature advanced communication capabilities, supporting remote monitoring and management, allowing users to track system performance and adjust as needed.
Our battery systems boast exceptional performance and safety, using high-energy-density cell technology to provide long-term stable power supply. The battery systems also offer fast charging and discharging capabilities, supporting various applications from daily household use to emergency backup power. Swatten's battery systems come with a 10-year warranty and 6000-cycle life and feature excellent weather resistance and seismic performance, ensuring reliable operation in diverse environments.
A highlight of Swatten's participation was the strategic signing ceremony with DEKRA, underscoring our commitment to quality and innovation in the energy storage industry.
Looking ahead, Swatten will continue to develop more advanced energy storage solutions, driving technological innovation and enhancing product performance. We will keep participating in significant industry exhibitions worldwide, fostering collaboration with industry partners, and promoting renewable energy development. Our commitment is to provide users with efficient, reliable energy storage products globally.
As we look to the future, Swatten remains dedicated to pushing the boundaries of energy storage technology and supporting the global transition to clean energy. Let's continue to embrace the future era of renewable energy together!
