The role of energy storage towards net-zero emissions in the European
We consider three storage technologies, namely battery, pumped hydro, and hydrogen storage, and quantify the impact of modeling the European electricity system with
21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe's total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.
The European Market Outlook for battery storage shows that growth comes from the rising demand for effective energy storage. This is key for using renewable energy sources like solar and wind. These statistics underline the importance of energy storage in achieving the region's climate goals.
Europe's battery storage growth in 2025 will largely depend on the commissioning of large-scale utility battery projects throughout the year. This segment is expanding rapidly and, for the first time, is expected to account for the majority of battery installations across the continent.
A new analysis from the latest European Market Outlook for Battery Storage shows that Europe experienced another record-breaking year for battery storage installations, even though the year-on-year growth rate has slowed.
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