Why should you invest in battery storage in Europe?

In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That’s creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.

Is the EU a single market for battery energy storage?

"It is all organised on a national level, which means that the EU is not actually a single market as it's meant to be for battery energy storage systems. And that's one of the reasons that big deployments are going a bit slower than they should be."

How much battery storage does the EU need?

While there's currently around 75 gigawatt-hours of battery storage installed in the EU, he says that needs to rise to around 750 by 2030. Robert Dryfe, professor of physical chemistry at the University of Manchester, says there are alternatives to battery storage.

What are the key market trends for battery storage?

It covers key market trends, with a particular focus on the shift toward utility-scale storage, the continuing growth of residential and commercial installations, and the evolving role of battery storage in supporting Europe's clean energy goals.

Should we increase battery deployments in the EU?

"For the moment, in the European Union, what we are looking at is that we should increase battery deployments by a factor of 10," says Driese Acke, deputy chief executive of SolarPower Europe. While there's currently around 75 gigawatt-hours of battery storage installed in the EU, he says that needs to rise to around 750 by 2030.

Is energy storage a good investment in Europe?

Compared to classic renewables, energy storage has really only become an investable asset in Europe over the last few years on the back of technology advances, market price signals, and government support mechanisms.