Europe's battery energy storage installed capacity

Views : 55
Author : topwellpower
Update time : 2023-05-18 10:44:20

In 2022, Europe's battery energy storage installed capacity will be 4.5GW, and it is expected to reach 95GW by 2050

An aerial view of the largest battery energy storage system in continental Europe, a 50MW/100MWh battery energy storage system located in Wallonia, Belgium. Image: CORSICA SOLE

According to LCP Delta and Aurora Energy Research, battery energy storage capacity in Europe reached 4.5GW last year and could reach 95GW by 2050. In a separate statement a few weeks ago, LCP Delta said that around 1.9GW of grid-scale battery storage was installed across continental Europe, including the UK, last year.

LCP Delta said in the seventh edition of the "European Energy Storage Market Monitor" (EMMES), published in cooperation with the European Energy Storage Association (EASE), that it is expected that at least 6GW of battery energy storage systems will be installed in continental Europe by 2023.

According to Aurora Energy Research, by 2050, Europe is expected to install at least 95GW of grid-scale battery energy storage systems. The company said it currently has 5GW of grid-scale energy storage online. The company estimates that 4-hour battery storage systems will account for 61% of the total installed systems that year and 22% by 2025. Aurora said the five most attractive markets for battery storage were Germany, the UK, Greece, Ireland and Italy.

Ryan Alexander, Head of European Power Markets Research at Aurora Energy Research, commented: “Batteries represent an attractive investment opportunity in the European energy sector – with new projects being announced almost daily as developers seek to capitalize on the need for storage in the energy transition. Investors will undoubtedly gain a first-mover advantage: The expected surge in battery demand over the next few decades will create a risk of saturation, leading to lower revenues as the market becomes overcrowded." 

The release of the figures comes as Kadri Simson, the European Commission's energy commissioner, said energy storage was "critical" to decarbonizing the continent. So far, several high-level policy measures to help kick-start the European energy storage market have taken shape in 2023.

Leading figures in the energy storage industry reacted positively to the technology's prominence when the European Commission published proposals to reform the electricity market design (EMD) in March.

That same week, the European Commission's Net Zero Industry Act included energy storage as a qualifying technology, in what some called a "huge win."

LCP Delta and EASE present their projections for the next ten years in the infographic below.
Related News
How to choose an outdoor power supply? How to choose an outdoor power supply?
Jun .08.2023
How to choose an outdoor power supply? While we consider the practicality, we must also consider the safety of use. The product must choose a big brand. Secondly, after getting the product, we must check whether it supports earthquake resistance and drop resistance, and we must also look at the heat dissipation, just like this one. TOPWELL 500W portable outdoor power supply has done a good job in this aspect. The temperature control of the whole power supply is very good, and the AC output of 220V is also very stable, and it is a pure sine wave, so there is no need to worry about damaging the equipment. The built-in battery is a lithium iron phosphate battery, which uses an automotive-grade power battery with less heat generation and a long life. The advantages of this type of battery are anti-overheating, overcurrent, overvoltage, short circuit, and overload. On the whole, if our needs are for simple short-distance travel or business trips, without large electrical equipment, such a light and compact outdoor power supply is actually the most suitable.
Understanding Lithium Polymer Batteries and How They are Revolutionizing the Power Industry Understanding Lithium Polymer Batteries and How They are Revolutionizing the Power Industry
Jun .07.2023
Lithium polymer batteries are the latest innovations in battery technology. Compared to traditional rechargeable batteries, lithium polymer batteries offer several advantages. They have a high energy density, longer life expectancy, are lightweight and can be molded into any shape or size. This has made them popular in a broad range of applications, including mobile devices, electric vehicles, electric bikes, drones, and even full-fledged power grids. In this blog post, we explore how lithium polymer batteries are revolutionizing the power industry.
Will low temperature affect lithium battery's life? Will low temperature affect lithium battery's life?
Jun .05.2023
Will low temperature affect lithium battery life? What are the requirements of lithium battery for battery management system?

Low temperature will affect the life of lithium battery. The electrode materials of lithium-ion batteries have reduced activity at low temperatures, increased resistance, reduced electrochemical reaction rates, reduced battery capacity, and reduced charge and discharge efficiency, thereby affecting the life of lithium batteries.
How to configure the home solar power generation system? How to configure the home solar power generation system?
May .31.2023
Today, Yichun Topwell Power Co., Ltd will show you how to calculate the data of some common solar power generation systems, and use this to choose suitable accessories.

First of all, we need to understand some basic circuit knowledge, such as Ohm's law (that is, voltage = current * resistance), and the calculation formula about power: