European hongmen energy storage power station

What is the European energy storage inventory?

A new interactive platform delivers real-time clean energy storage insights as Europe shifts toward sustainable energy sources. Energy storage helps to balance supply and demand. The European Energy Storage Inventory is the first of its kind at European level to show all forms of clean energy storage solutions.

How many GW of energy storage capacity are there in the UK?

In the case of the UK, there is currently around 4 GW of energy storage capacity operational. That’s not enough to shift energy across all hours. However, the additional battery pipeline of circa 16 GW committed under the capacity mechanism will get us closer to it.

How much energy storage will Europe have by 2050?

Overall, total energy storage in Europe is expected to increase to about 375 gigawatts by 2050, from 15 gigawatts last year, according to BloombergNEF. We spoke with Grebien about electricity market trends, energy storage technologies, as well as the investment and financing opportunities emerging from these technologies.

Who is Volvo – the European Association for storage of energy?

The European Association for Storage of Energy (EASE) is glad to extend a warm welcome to its newest member Volvo, who joined EASE in June 2024.

Is energy storage a good investment in Europe?

Compared to classic renewables, energy storage has really only become an investable asset in Europe over the last few years on the back of technology advances, market price signals, and government support mechanisms.

Why should you invest in battery storage in Europe?

In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That’s creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.