OSLO, NORWAY: Following the profitable battery launches in Italy, Spain and Germany in 2021, and Sweden in February of this year, Otovo is now making home energy storage available to its customers in France and Poland.
“It is becoming more and more evident that batteries are a hugely important worth driver each for our customers and for Otovo. A homeowner who provides storage to their photo voltaic system can use the electrical energy that was generated throughout the day within the night hours as well. European energy independence relies upon on homeowners throughout the continent producing electrical energy of their homes, and storing extra production. Batteries will be ubiquitous in European homes, and with time a standard a half of any PV system purchase. We are happy to see battery attachment charges rising throughout our markets,” says Otovo’s Chief Executive Officer, Andreas Thorsheim.
For Otovo, the ticket size roughly doubles when the sale features a battery. For gross sales within the primary quarter of 2022, battery attachment charges have been above two thirds in Germany and Italy, being the 2 strongest markets for batteries in Europe currently. In Spain, greater than one in 4 gross sales include a battery. In Sweden, the place we launched batteries in February, charges are considerably lower. This quarter additionally noticed our first standalone battery installations, the place customers who had beforehand purchased a PV system only, now purchased a battery.
Otovo currently offers batteries from the market main manufacturers Huawei, BYD, and LG in sizes starting from 5kWh to 22kWh, and are looking so as to add extra choices for customers looking for retrofit (added to beforehand put in systems) or stand-alone (no photo voltaic panels attached) solutions.
Otovo is a market that organises hundreds of local, excessive high quality and certified energy installers. The firm makes use of its proprietary technology to analyse the potential of any home and finds the best price and installer for customers based on an automatic bidding course of between available installers.