Market reacts to energy crisis – sharp increase in demand for Tesvolt energy storage systems

Wittenberg/Germany, 11 April 2022 – Tesvolt, one of the world’s leading producers of energy storage technology for the commercial and industrial sectors, is currently experiencing a sharp increase in the demand for its battery storage systems that significantly exceed long-term growth trends. Against the backdrop of dramatic increases in oil and gas prices, Tesvolt’s order volume has seen a rapid increase over recent weeks and, in March 2022, peaked at 195% over that of the previous year.

Daniel Hannemann, Tesvolt CEO and co-founder: “The tragic events in Ukraine are showing just how much the industrial sector depends on Russian oil and gas. This vast surge in orders highlights that increasingly more companies are now looking to quickly and permanently reduce their dependency on fossil fuels. In order to do so, we need to effectively couple renewable energy generation systems with decentralised energy storage solutions.”

Currently, demand for commercial energy storage systems has drastically surged, particularly from Western Europe. The move towards replacing fossil fuels with renewable energy and suitable storage systems is especially strong among medium-sized businesses. The key drivers behind this development are the high fuel prices and the expansion of the charging infrastructure.

Daniel Hannemann: “Efficient storage and use of renewable energy is the most important requirement for becoming independent of oil and gas in the long term – and for achieving the ecologically necessary energy transition. This has become increasingly more evident in recent weeks in the European economy, and it is now up to our sector to provide first-rate solutions for meeting this demand quickly and comprehensively. And this is precisely what we are investing in.”


TESVOLT AG is one of the innovation and market leaders for commercial and industrial energy storage system solutions in Germany and Europe. TESVOLT products enable companies to end their energy dependency and play a part in the energy transition. The agile company produces intelligent lithium storage systems with power ratings from 10 kilowatt hours through to multiple megawatt hours – with top quality and TÜV-certified safety. TESVOLT manufactures its commercial storage system solutions in series production at its own carbon-neutral gigafactory in Lutherstadt Wittenberg and delivers them worldwide. The company has already received several awards, including the German Entrepreneur Award in the “Rising Stars” category, “Innovator of the Year” from TOP 100 and the smarter E Award in the “Outstanding Projects” category.

Press Contact

Ingo Valldorf
Corporate & Financial Communications

Phone: +49 3491 8797-234


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