German manufacturer SOLARWATT is preparing to launch its MyReserve energy storage system in the UK by developing a partnership network with installers and designers.

The expansion has been prompted by a substantial investment by Stefan Quandt of the family that owns BMW, allowing the company to take advantage of what it sees as growing traction for solar energy in the UK.

SOLARWATT said this growth is being led by carbon reduction obligations and concerns over energy costs and fuel security. It says this has led to the growth of energy storage devices like its own MyReserve system, which will be offered alongside the company’s range of renewable-energy generation and management systems.

Pol Spronck is international sales manager for SOLARWATT and is leading the manufacturer’s entry into the UK: “Electricity prices have been increasing significantly in the past few years. People want to fix energy costs as they do with mortgages – but utility costs keep rising. That is why household energy self-sufficiency is a hot topic today. With PV plus storage, people can fix the electricity costs for decades and boost their independence from utilities.

Read the full story over on Energy Storage News.