German energy storage system suppliers see 195% increase in orders due to energy crisis and situation in Ukraine

The situation in Ukraine has shown how reliant the industrial sector is on Russian oil and gas, with the surge in orders underscoring that more companies are now looking to quickly and permanently reduce their reliance on fossil fuels. "

Today, Mottcell New Energy's orders for exports to Germany in March rose 195% year-on-year as companies seek to reduce their reliance on fossil fuels, especially due to the situation in Ukraine.

Mottcell New Energy said demand from Western Europe and mid-sized companies was particularly evident, with the main drivers being high fuel prices and increased charging infrastructure.

The company's growth figures for March were similar to its previous orders data, which it previously said saw a 170% increase in its new international orders in the first half of 2021, its international (outside Germany) turnover increased by 60% in the first half of 2021.