# Europe Energy Storage Market Demand Explodes? Supply Chain Companies Reveal Latest Business Progress, These Overseas Regions Become "Hot Commodities"

Currently, the situation between the U.S. and Iran continues to escalate, catalyzing demand in the European energy storage market. Coupled with numerous European countries implementing supportive policies for energy storage, market attention is focused on the progress of related companies in the energy storage sector.

Recently, reporters from the Science and Technology Innovation Board Daily contacted several energy storage and inverter companies, including Sunshine Power, Pylontech, and GoodWe, as investors. Most companies clearly stated that overseas business is a core development focus, with plans to continue expanding internationally through 2026, primarily targeting high-demand markets in Europe and Southeast Asia.

▍Multiple Factors Drive Growth in the European Energy Storage Market with Room for Penetration

As tensions in the Middle East persist, disrupting global energy supplies and trade routes, indirect effects include increased demand in the European energy storage market and impacts on companies’ import and export activities. Additionally, energy policies enacted by various European nations further boost related demand.

European Commission President von der Leyen stated on March 11 this year that the Middle East situation has shaken the global energy market, with natural gas prices rising 50% and oil prices up 27% since the conflict began. European taxpayers are spending an additional approximately 3 billion euros on fossil fuel imports, further reinforcing the urgent need for residential and industrial energy storage.

The Science and Technology Innovation Board Daily notes that whether companies have already achieved large-scale overseas operations or are still planning their international expansion, most clearly identify overseas markets as a key growth area for energy storage.

Specifically, representatives from companies such as Chuanhang New Energy, Haibo Sichen, and Chint Power Supply told the Daily that they plan to continue expanding their overseas energy storage businesses through 2026. Chint Power Supply, for example, plans to focus on the European energy storage market and also pay attention to Japan.

Pylontech expressed optimism about the development prospects of the European residential storage market, noting that there is still room for increased market penetration and steady growth. The company has been building overseas subsidiaries and related platforms, strengthening overseas manufacturing and sales, and intends to continue this strategy through 2026 to explore new market opportunities.

The company’s energy storage business mainly focuses on residential storage, while also expanding into commercial and industrial storage, as well as electric vehicle battery swapping. Residential storage accounts for the majority of its overseas business, primarily in Europe.

GoodWe stated that its core residential storage business is deeply rooted in the Australian market. The combined revenue from Europe and Australia accounts for a significant portion of the company’s total revenue. The company plans to maintain its presence in these markets and align with European energy policies to seize growth opportunities in residential storage.

Sunshine Power, a leading inverter manufacturer, publicly reports that its products are sold in over 100 countries and regions worldwide. In the first half of 2025, overseas revenue reached 25.379 billion yuan, an 88.32% increase year-over-year, accounting for 58.3% of total revenue—surpassing its domestic market for the first time.

The company plans to establish a manufacturing plant in Poland, with an annual capacity of 20 GW of photovoltaic inverters and 12.5 GWh of energy storage systems, and has signed agreements to build a 10 GWh storage factory in Egypt.

Energy storage is CATL’s second growth driver. In February, CATL signed a strategic cooperation memorandum with Schroder Group’s Schroder Green and Lochpine Capital to jointly develop European battery storage projects, aiming to reach a 10 GWh renewable energy storage capacity, with CATL designated as the primary battery supplier.

Additionally, CATL’s first-phase project in Hungary is expected to be completed and operational by 2026, aligning with local energy policies and market demands.

▍European and Southeast Asian Markets Become “Hot Spots”

Based on multiple interviews conducted by the Daily and recent disclosures from relevant companies, most energy storage companies focus their exports on regions with strong demand, such as Europe and Southeast Asia. This forms a clear consensus on overseas expansion, highly aligned with European energy policies and market needs.

For example, it is reported that Chuanhang New Energy’s overseas business accounts for a high proportion, with export volumes ranging from 50% to 80%. Its energy storage products include residential, industrial, and large-scale storage, mainly exported to Europe, Australia, Southeast Asia, and the Middle East.

Chint Power Supply stated that the company is progressing steadily according to its own schedule. Its overseas storage focus is on large-scale and industrial storage, with residential storage accounting for a relatively small share in 2025. The main overseas markets are the U.S., Europe, Japan, and South Korea, with Europe expected to be the primary contributor to the company’s storage performance in 2025.

In February, Chint Power Supply announced on an interactive platform that it has achieved mass delivery of storage systems in Europe. Its 2025 semi-annual report shows that inverter and energy storage revenues reached 917 million yuan in the first half of 2025.

Haibo Sichen indicated that its energy storage business mainly focuses on large-scale storage, with Europe, the U.S., Southeast Asia, and Africa as key markets. Recently, its German subsidiary signed an agreement with LEAG Clean Energy to supply a 1.6 GWh large-scale energy storage system for the Boxberg project in Germany.

Overall, under the influence of multiple factors, demand in the European energy storage market is rising, with room for further market penetration. However, as many companies plan to intensify their European market activities this year, competition in the region is expected to become more fierce.

(Article source: Cailian Press)