002245lithium energy storage in western europe

Will European battery energy storage deployments plateau over 2024-27?

European battery energy storage deployments are expected to plateau over 2024-27 due to lithium-ion scarcity. This is despite the continent needing 200GW by 2030 to accommodate additional renewables.

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.

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.

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.

Will Europe re-shoring the lithium-ion battery supply chain?

While the lithium-ion battery supply chain will likely remain Chinese-dominated until 2030, a European CRM supply security policy and other global supply diversification policies are picking up. Re-shoring activities create opportunities for Europe to strengthen the resilience of its lithium supply chain and to become more self-sufficient.

Are battery energy storage deployments set to double in Europe?

Battery energy storage deployments are set to double in Europe this year. However, a much greater ramp-up is needed to reach 2030 targets. Image: European Union 2017 – European Parliament.