Research on the demand for energy storage batteries in europe

Which countries invest in battery storage in Europe?

Great Britain, Italy, and the Ireland I-SEM are the top three markets for battery storage investment within Europe, Aurora’s latest findings show.

Is Europe on the brink of a battery surge?

Europe is on the brink of a significant surge in grid-scale battery energy storage, with projections indicating a sevenfold increase in capacity by 2030, Aurora finds. Great Britain, Italy, and the Ireland I-SEM have emerged as standout markets for battery storage within Europe.

Should stationary batteries be deployed in Europe?

While Europe outpaces both China and the US for renewable energy capacity growth, it is not the case for stationary battery deployment. The EU has a much more robust and dense electricity grid, limiting dependence on storage.

How does solar power affect battery storage in the EU?

Years of strong solar growth and high gas prices have increased electricity price volatility across the EU, strengthening opportunities for battery storage. In turn, batteries can increase power demand at peak solar times, supporting solar revenues.

How will a battery regulation help Europe?

The new proposal for a Battery Regulation will help Europe to become leader in the circular economy of batteries, starting from sustainable mining and ending with recycling. The EU should also step up technological capability in cheaper storage/longer-term storage (e.g. sodium-ion technology, flow batteries).

How much does the EU contribute to the development of battery technologies?

During years 2014-2021 the public support of EU to the projects developing different battery technologies was ~405 million EUR. This translates into an annual contribution of 0.11 EUR per citizen to support development of the technology that is of key importance for mitigation of climate change.