Demand for energy storage in Europe is bigger than ever, according to the European Association for Storage of Energy, EASE. There are about 4.5GW of new installations in 2022 with an even more positive outlook of more than 6GW for 2023, it said.
In the seventh edition of its European Market Monitor on Energy Storage (EMMES), it reported that this demand is being driven by the European-wide energy crisis, national government support, growing front-of-the-meter project development pipelines, and an overall positive future policy direction at EU level.
It said at the same time the sector will have to face increasing challenges in the face of supply-chain constraints, grid connection bottlenecks, skilled workforce constraints and rising costs.
The report stated that Britain and Germany are leading the market in front of the meter and behind the meter respectively. Growing interest in Europe means more countries will join them and create a much more diverse deployment landscape by 2025, it said.
EMMES is based on an extensive database of over 2,600 European energy storage projects. This includes detailed data on current installations by customer segment (residential, C&I and front of meter) across 24 European countries, future projects and forecasts to 2030.
Image source: EASE