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VARTA invests €20 mn on its gigafactory for energy storage systems in Germany

Image for representation purposes only. Source: VARTA AG

German battery company VARTA AG has announced that its new factory for making residential energy storage systems will go into operation this summer. With an investment of more than 20 million euros, the giga factory is located at the Neunheim site in Ellwangen, Baden-Württemberg in Germany. 

The company claims that up to 100,000 units of energy storage systems will be produced at the facility annually. With an average capacity of ten kilowatt hours per energy storage system, the production output will then correspond to more than one gigawatt hour per year, VARTA adds. 

Dominik Gluba, General Manager of VARTA Energy Storage, commented on the development, "Growth in the home storage market continues unabated. In the first quarter of 2023, more than 110,000 new storage units were installed in Germany. For the first half of the year, we expect almost 240,000 new installations in Germany. With the production capacities of the new Gigafactory, we can adapt well to the growing market."

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VARTA says that the expansion of production will take place in two stages. Starting in the fourth quarter of 2023, the production output should be around 500 MWh per year, which corresponds to about 50,000 storage systems. The output is then likely to be increased to one GWh by the beginning of 2025 at the latest.

As complete AC systems, VARTA energy storage systems with an integrated battery inverter are ideal for both retrofits and new installations. The company's product range includes battery storage systems starting from 10 kWh to 750 kWh of flex storage solutions. 

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