23 years of european household energy storage

How big is Europe's energy storage capacity in 2022?

According to data from the European Energy Storage Association (EASE), Europe witnessed a substantial leap in its energy storage landscape in 2022, boasting a total installed capacity of 4.5GW—an impressive 80.9% surge compared to the previous year.

How has Germany impacted energy storage in Europe?

Germany has proactively spearheaded the advancement of household energy storage in Europe. In 2023, as natural gas prices experienced a downturn, residential electricity prices followed suit, prompting European distributors to steadily deplete their inventories.

What is the future of energy storage in Ireland?

Future market potential is concentrated in pre-sheet energy storage and energy storage co-located projects, residential and commercial storage market space is not large. Ireland’s battery storage capacity is expected to grow from 792 MW in 2023 to 3.9 GW in 2030, mainly in the pre-table storage market.

Which countries install the most energy storage in 2023?

The household storage installation was 9.5GWh, an increase of 109%, accounting for 70%. In 2023, Germany, the UK, and Italy remained the top three markets in Europe for energy storage installations. According to TrendForce's consulting data, the new installed capacity in Germany, the UK, and Italy in 2023 is around 6.1/4.0/3.9GWh.

What is Italy's energy storage capacity in 2023?

Italy’s installed energy storage capacity in 2023 is 3.9 GW, and is expected to increase to 18 GW by 2030, mainly in the pre-table energy storage and household storage markets.

Why are European household energy storage stock levels soaring in 2022?

In the realm of inventory challenges, European household storage products faced a historic surge in stock levels by the close of 2022. Adding to the predicament, the weaker demand observed in the initial half of 2023 has exacerbated the drop in shipments to the European household energy storage sector.