European Photovoltaic Energy Storage Battery Outlook

What is the market outlook for battery storage in Europe?

According to the “European Market Outlook for Battery Storage 2024-2028” by SolarPower Europe, battery storage systems with a capacity of 35.8 GWh were installed in the EU at the end of 2023. In addition to photovoltaics, growth was primarily driven by home batteries.

How many new battery energy storage systems will be installed in Europe?

The latest analysis by SolarPower Europe shows that 17.2 gigawatt hours (GWh) of new battery energy storage systems (BESS) will be installed in Europe in 2023, supplying 1.7 million additional European households with electricity - an increase of 94% compared to 2022.

How will the European battery storage market grow in 2028?

For the years 2024 to 2028, SolarPower Europe forecasts further growth in the European battery storage market, albeit at a slightly lower level, to a total capacity of 78 GWh in 2028. The industry association expects annual market growth of 30% to 40%, which will be driven primarily by large-scale battery storage systems.

Why is battery storage so important for solar power Europe?

Walburga Hemetsberger, CEO of SolarPower Europe, said, “ Growing battery storage and flexibility represents a fundamental shift from our current grid-centric view of the market. It impacts not only the way we plan infrastructure and the way we operate the system, but also the markets we engage with.

Are large battery storage systems gaining ground in Europe?

Solar park, substation and battery storage facility in Brandenburg/Germany. The European market for battery storage systems is growing rapidly; solar home storage systems have dominated until now. But now there is a change. Large batteries are gaining ground - but are still being held back by regulatory hurdles.

Which country has the highest battery storage capacity in Europe?

It was closely followed by Italy with a record 3.7 GWh (+86%) and the UK with 2.7 GWh (+91%). For the years 2024 to 2028, SolarPower Europe forecasts further growth in the European battery storage market, albeit at a slightly lower level, to a total capacity of 78 GWh in 2028.