Despite ‘Dunkelflaute’ and the Russian-Ukrainian war – the ‘Energiewende’ keeps on rolling throughout Germany. An important part of the green energy transition is the potential to store renewable energy. According to Energy Storage News, Germany and the United Kingdom are Europe’s most active markets for battery energy storage systems.
In a report published by Dutch Rabobank, “Backup power for Europe – part 1: Country attractiveness for battery energy storage systems”, key factors suggest that the UK, Germany, the Netherlands, and Italy appear to be the most attractive markets for BESS.
According to a recent report from the Indian research institute Straits Research:” Energy Storage Systems Market Size, Share & Growth by 2033”, Europe is anticipated to exhibit a compound annual growth rate (CAGR) of 8.2% over the forecast period. Europe has set ambitious renewable energy targets, and the continent is committed to transitioning to a low-carbon and sustainable energy system.
Additionally, Europe has a well-developed energy infrastructure and a strong focus on energy system modernisation. The region’s aging grid infrastructure, increasing electrification of sectors like transportation, and the need for greater energy flexibility have driven the demand for energy storage solutions. The increasing incidence of solar energy curtailment in Europe is driving the adoption of co-located energy storage solutions to mitigate revenue losses, enhance grid stability and optimise energy dispatch. This approach is gaining traction as a viable strategy to maximise the value of renewable energy assets.
The average size of grid-connected BESS in Europe is gradually increasing, from 30MW/30MWh units up to even 500MW BESS installations. The new EU plan, the “Clean Industrial Deal and Affordable Energy Action Plan”, which dedicates at least €100 billion towards boosting industry, will speed up manufacturing and rollout of renewables and energy storage.
