The BESS market, particularly in the residential sector, is experiencing rapid growth, with Germany leading the transition. However, concerns surrounding battery safety pose a significant challenge, impeding wider acceptance and continued market expansion.
Recent incidents of battery-related fires and explosions in Germany have highlighted the urgency for enhanced safety standards in BESS installations. Despite a relatively low real fire risk, safety apprehensions remain a deterrent to the swift adoption of energy storage solutions globally.
The report identifies a gap between cost optimization and battery safety among manufacturers, emphasizing the need for additional safety features beyond regulatory requirements to address residential customers’ top concerns effectively.
To empower installers and potential customers, the report offers a detailed comparison of energy storage solutions based on their safety features. It stresses that many customers are willing to invest in enhanced safety measures that exceed market standards.
Furthermore, the report advocates for the evolution of norms, standards, and certifications to align with technological advancements and emerging safety concerns. By encouraging BESS providers to adopt the safety measures outlined, market pressure will mount for stricter safety regulations across the industry.
Dr. Thomas Hillig, co-author of the report and director of THEnergy, emphasizes Sigenergy’s role in spearheading efforts to enhance safety standards and consumer confidence in the ESS market. “By publicly sharing their knowledge and insights gained from extensive testing and real-life applications, Sigenergy aims to set a benchmark for safety in the ESS market and drive positive change industry-wide,” he said.
Tony Xu, Founder and CEO of Sigenergy, echoes the call for action, emphasizing the report’s significance as a catalyst for stakeholders to prioritize safety and innovation. “Together, we can ensure the continued growth and sustainability of the BESS market while safeguarding the well-being of consumers and communities,” he said.
The comprehensive report serves as a key resource, urging stakeholders across the BESS sector to prioritize safety measures and drive positive change industry-wide.