This year, from June 18-21, Solar Explain attended Intersolar 2024 in Munich, a premier event in the solar energy industry. We successfully booked over 35 meetings with various business owners, engaging in productive discussions and exploring new opportunities. Intersolar Munich 2024, held at the Messe München venue, attracted over 115,000 attendees and featured more than 1,450 exhibitors, reflecting the growing interest and investment in solar energy. The exhibition covered a broad range of topics, including photovoltaic technologies, solar thermal technologies, solar plants, and grid infrastructure, making it a pivotal event for industry professionals and enthusiasts alike.
Key Insights
Julija, the founder of Solar Explain, shared several profound insights from her experience at Intersolar 2024. Here are the key takeaways:
Market Understanding and Technology Integration
“Many companies claim to be leaders in battery solutions, but few truly understand the market or have fully integrated the technology.” Julija emphasized the gap between claims and actual market understanding. Despite the growing interest in battery solutions, many companies lack the comprehensive integration needed to maximize their potential. A recent report by International Energy Agency highlights that while battery storage deployment is accelerating, understanding market dynamics and technological integration remains a challenge for many firms.
Many companies claim to be leaders in battery solutions, but few truly understand the market or have fully integrated the technology.
Price Trends and Market Surplus
“Currently, solar modules and inverters are forecasted to remain at low prices for the next six months before recovering.” Julija noted the temporary dip in prices due to oversupply, as reported by SolarPower Europe. This aligns with data from PV Tech, which indicates that the influx of products from Asian competitors has created a surplus in the European market, leading to short-term price drops. However, market analysts predict a recovery as demand stabilizes and regulatory measures take effect.
Regulatory Developments and Future Prospects
The upcoming European Resilience Act in 2027, which focuses on enhancing cybersecurity and resilience in the energy sector, is expected to provide significant support to European firms, ensuring better protection and compliance standards, according to Euractiv. Julija highlighted the positive outlook driven by these future regulatory changes, noting that European inverter manufacturers are particularly optimistic about the Act’s potential benefits.
The upcoming European Resilience Act in 2027 will provide significant support to European solar inverter manufacturers.
Meeting Solar Explain Lecturers in Person
One of the highlights of Intersolar 2024 was the opportunity to meet Solar Explain lecturers in person. Our platform, which connects lecturers from eight countries across three continents, allows us to foster a global exchange of knowledge and expertise. We had the pleasure of meeting esteemed lecturers such as Gediminas Juknius (SolarEdge Technologies), Radovan Kopecek (ISC Konstanz), Constantin Klyk, Ciaran Murphy (K2 Systems GmbH), Stanislas Merlet (Multiconsult), Clarissa Zomer (Arquitetando Energia Solar), Andrejs Mlijevskis (SoliTek Cells), and Dieter Moor (arconsol).
What’s Next?
Intersolar 2024 was a remarkable event that reinforced the dynamic and interconnected nature of the solar energy industry. We invite you to explore more about our topics and upcoming events on our website. Stay informed and engaged with Solar Explain as we continue to drive innovation and growth in the solar sector.
