Intersolar Day 2 Conclusions: Modularity, Storage, and Chinese Competition

研报英文原文证据摘录

Intersolar Day 2 Conclusions: Modularity, Storage, and Chinese Competition

Deutsche Bank

Research

North America Industry Date

Clean Technology Clean Technology & 23 June 2026

Alternative Energy

Intersolar Day 2 Conclusions: Modularity,

Corinne Blanchard Storage, and Chinese Competition

Research Analyst

+1-904-645-2360

Today concluded the second day of Intersolar Munich, where we met with public

and private companies across the supply chain from inverter players, tracker Mike McNulty

players, EBOS players, and European distributors. Below, we highlight our three Research Associate

+1-904-887-0349 key takeaways and themes from the second day:

• Modularity & serviceability are key: Storage and inverter players

emphasized modularity and ease of service as key features. This appears

to be more prevalent in Europe compared to the US.

• European market dynamics: Policy and power pricing uncertainty are

creating a mixed residential market in Germany, while C&I demand

remains strong across Europe, particularly in Eastern Europe. High

competition from Chinese manufacturers and cybersecurity concerns are

key themes.

• Storage remains a key focus: The overarching theme from distributors is

the relevance of storage across all segments. While battery prices are

generally flat or slightly down, overall system cost remains a key

consideration for residential consumers.

Further Takeaways

• Market demand trends and dynamics: Overall demand on the residential side

is a mixed picture by region while C&I appears strong. Key focus on Chinese

players' share in the European market.

o BESS: Focus on storage is a key theme in both Resi and C&I, driven

by overall economics (allowing dispatch of power during higher

pricing periods of the day) and reliability.