Intersolar Europe 2023, the internationally renowned trade exhibition dedicated to the solar energy industry, took place from June 14th to 16th at the Munich Exhibition Center. This highly anticipated event brought together over 1,000 exhibitors and approximately 50,000 industry investors. With a focus on renewable energy solutions, Intersolar Europe 2023 provided a platform for showcasing the latest innovative achievements in the solar energy industry, including advancements in energy storage battery technology.
The potential of renewable energy is enormous. However, currently, only a small fraction of it is being utilized, with approximately 80% of global energy still coming from fossil fuels. But one thing is certain: achieving a round-the-clock renewable energy supply is now both technically and financially possible. This fact, along with the current political landscape, is driving a significant transformation in the entire industry, leading to dynamic growth. According to the International Energy Agency (IEA), photovoltaic (PV) solar power alone is projected to surpass natural gas and coal as the primary source of electricity by 2027.
"We need a flexible power system that maintains a continuous balance between distributed generation from renewable energy, controllable power plants, and flexible loads, including various forms and sizes of electrolyzers and storage systems. This will enable us to establish a stable 24/7 energy supply, achieve our climate goals, and significantly reduce our dependence on energy imports," said Professor Hans-Martin Henning, Director of the Fraunhofer Institute for Solar Energy Systems (ISE).
As an integral part of the solar-plus-storage integration, Lithium Valley has always been attentive to the latest advancements in photovoltaic power generation. In 2022, global photovoltaic capacity surpassed the milestone of 1 terawatt, setting a historical record. SolarPower Europe, the industry association, released its "2023-2027 Solar Market Outlook" during the Intersolar Europe conference held on June 13th and 14th at the Munich International Congress Center. "The global market outlook demonstrates astonishing growth rates for the European market, even faster than most other regions in the world. It explores the most dynamic markets," said Michael Schmela, Executive Advisor at SolarPower Europe.
The prosperity of the European solar-plus-storage market holds profound significance as an important element of Lithium Valley's global market strategy. With Europe being a major driver of renewable energy development worldwide, the market potential and demand for the solar energy industry in Europe are immensely attractive.
Our products not only offer high energy density and long lifespan but also demonstrate excellent charging and discharging efficiency and reliability. They are suitable for various applications, including residential energy storage, commercial energy storage, and grid energy storage systems. In the future, we will continue to utilize international exhibitions like Intersolar Europe to showcase our latest solar energy technologies and solutions, fostering in-depth cooperation and communication with European investors, professionals, and industry leaders.
About Lithium Valley
Established in 2013, Dongguan Lithium Intelligent Energy Co., Ltd., a subsidiary of Zongshen Power (001696. SZ), focuses on home energy storage and commercial energy storage applications. With the vision of "Contributing Lithium Valley Power to the World's Green Energy," we provide customized energy storage products and comprehensive energy storage supply solutions for our customers. Headquartered in Dongguan, we have branch offices in Shenzhen, Wuhan, Nanjing, Germany, the United States, Hungary, and South Africa. Our existing product series for residential and commercial energy storage systems, as well as related products, have obtained international authoritative certifications such as CB, CE (EMC&LVD), UL1973, UL9540A, BIS, ISO9001, ISO14001, ISO14064, and ISO14067.