Europe installs record amount of battery storage for renewable energy

Europe is installing a record 5 gigawatts of batteries for renewable energy storage this year. This is according to figures from the European Market Monitor on Energy Storage (EMMES).
By Thomas Voets - Aug 15, 2022

Europe is installing a record 5 gigawatts of batteries for renewable energy storage this year. This is according to figures from the European Market Monitor on Energy Storage (EMMES).

The European Association for Storage of Energy (EASE) and research firm Delta-EE presented the sixth edition of the EMMES report this week. The market monitor is based on a database of European energy storage projects. It contains more than 2,600 operational projects spread across 24 European countries, as well as future projects and forecasts up to 2030.

50 gigawatt

The researchers predict that Europe will have 10 gigawatts of installed battery capacity by the end of 2022. In the period to 2030, this will increase as much as fivefold to 57 gigawatts. Despite the record growth, sales remain well below the 200 gigawatts of energy storage that EASE says is needed to meet Europe's climate goals.

In addition, the shortage of lithium will pose a challenge to accelerated growth over the next 2 to 3 years. Therefore, in 2023 and 2024, fewer battery plants will be delivered.

Germany in the lead

Germany, according to the researchers, is not only the largest market for batteries, but also still the leader in home batteries. Moreover, their sales are still growing. By 2022, 1,000 megawatts of capacity of home batteries are expected to be installed; or about 200,000 home batteries. While the pre-decommissioning market is still relatively small, it will grow to accommodate the increase in renewable energy.

Other markets

In Europe's second market, Britain, the researchers see a huge pipeline of 13 gigawatts of batteries, mostly for meter. They wonder, though, if the delay in announcing new projects means a saturation of the market.

Italy is the only market to show significant growth in both the residential and pre-meter markets. Government subsidy is driving the development of the residential market.

One market that is growing remarkably fast is that in Ireland. This year the country is likely to install 1,400 megawatts of batteries. However, due to the lack of smart meters and subsidies, the residential market is small. Ireland's geographic isolation as an island and its ambition to generate 70 percent renewable will increase the need for energy storage in the coming years.

Bron: Solarmagazine.nl, 25 juni 2022

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Europe installs record amount of battery storage for renewable energy