European household energy storage field in 2023

How much energy storage will Europe have in 2023?

Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023. The eighth annual edition of the European Market Monitor on Energy Storage (EMMES) was published last week by consultancy LCP Delta and the European Association for Storage of Energy (EASE).

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 much storage capacity will Europe have by 2026?

By the end of 2026, the European industry association even expects total storage capacity to increase by 300% to 32.2 GWh, equivalent to 3.9 million European households optimizing the self-sufficiency of their power supply and limiting their electricity costs.

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.

How much energy will Europe have in 2023?

The inventory clearance is set to persist until the end of 2023, restoring European inventory levels to approximately 4.5GWh. EESA predicts that household energy storage installations in major global countries will surpass 12GWh in 2023.

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.