KSTAR continues to develop energy storage market in Europe

KSTAR has continued the development of energy storage market in Europe.

As one of TOP providers of smart  energy  solutions, KSTAR has continued its renewables drive with more than 25 GW installation worldwide, especially in Europe.  In 2019, KSTAR and CATL entered into a major alliance, with the subsequent creation of CATL - KSTAR. The joint venture, who has a current annual output of 2GWh of energy storage PACK, builds an industry-leading digital and intelligent energy storage platform to empower a double-carbon strategy. 

With international advanced production line, KSTAR eyes greater consolidation in the European energy storage market moving forward. CATL- KSTAR energy storage solution BluE Series has been widely installed in Europe as an OEM manufacturer and supplier. Our solar-plus-storage system helps our customers save money, generate clean electricity, and boost resiliency by pairing solar generation with a battery.

          

'The current development of energy storage in Europe is a logical extension of the regions PV market', explained KSTARs General Manager, Baishan Liu. 'To further grow our presence in countries like Italy, Netherlands and the UK, we will look to appoint more distributors, EPCs and agents to partner with us for residential, commercial and utility projects.'

Industry analysts forecast the global storage market to reach an annual deployment of 58GW/178GWh by 2030, with the US and China representing 54% of the total. Germany, meanwhile, could be set for a resurgence to become the third-biggest market by 2024, again driven largely by policy, this time a 200GW solar PV target which will drive battery adoption alongside residential solar.

Europe is a big energy storage market. To increase the ESS capacity in Europe, KSTAR has established a sales network with international coverage in Spain, Italy, Netherlands, Belgium and Turkey. The company will continue to be dedicated to integrated R&D into and production, sales and servicing of energy storage system PCS, special energy storage PACK and solar photovoltaic energy charging products for our global customers.