Energy storage in Europe increases by 49% in one year

New industry data has highlighted the strong growth in electrical storage in Europe over the past year.

The European Energy Storage Association and consultants Delta-ee released the figures, which are pooled from the trade body’s member companies and other leading players in the industry.

It shows a booming market for storage technologies in key European regions, fuelled by the growth in renewable energy and the attending cost reductions.

Since 2015 the market has almost doubled each year and 2017 was no exception with a 49 percent rise in installed capacity. By the end of the year 1.6 gigawatt hours (GWh) were online across the continent, up from 0.6 GWh within two years.

Germany and the UK are the two most important markets for storage, which is dominated by lithium-ion batteries. Italy is also emerging as “a rapidly growing market” in the residential sector, according to the report.

Valts Grintals, Senior Analyst at Delta-ee, said: “While market growth was strong in 2017, actually a number of important grid scale projects were delayed from 2017 into 2018.  But this was compensated by unexpectedly strong growth in the residential sector – meaning that the overall European growth rate was maintained.”

Analysts expect the strong trend to continue, with 2018 forecast to see a further 45 percent growth rate.

“Over the first half of 2018, many of the delayed projects have gone live and we expect many new grid scale projects to be commissioned over the second half of the year. Additionally, behind-the-meter batteries in the C&I (commercial & industrial) sector will emerge as an important market as key players are overcoming initial barriers for this market. Overall the outlook is very positive,” he added.

Battery storage projects in the UK have taken off in recent years, many of which are co-located at wind and solarfarms. 200 megawatts of new capacity was procured by the National Grid in 2016 and the system operator estimates electrical storage could grow to 6 gigawatts by 2020.

News published on Climate Action Programme
Consult the source

Moderated by : Guillaume Aichelmann

Other news in "Information"

Florence: Renaissance and smart future

Published 22 Mar 2019 - 11:56

The Italian city has recently become a model smart city by implementing a broad plan ranging from urban development to mobility and new tourism management   When you hear Uffizi, Accademia and David what do you think about? Florence (...)

Parametric models for buildings and building clusters: Building features and boundaries

Published 22 Mar 2019 - 11:46

Already today buildings can be realised in the nearly zero and plus energy standard. These buildings achieve extremely low energy demands and low CO2 emissions and can be operated economically. For this reason, the motivation in (...)

Innovating financing schemes: 5 handbooks to help cities improve energy performance

Published 20 Mar 2019 - 11:21

To complement their peer-learning initiative, the PROSPECT programme has released 5 thematic handbooks (tackling Public buildings, Private buildings, Transport, Public lightning and Cross-sectoral initiatives) aimed at referencing (...)


Search through the news

Enter your own key word

Other news


Most read articles