European distributed photovoltaic energy storage companies

Why is energy storage important in Europe?

In Europe, there is a growing consensus amongst policymakers that energy storage is crucial to securing affordable and low carbon energy. In May 2022, European Union launched their REPowerEU plan, a part of the European Green Deal, which mandates that 45% of Europe’s energy generation needs to come from renewable sources by 2030.

Does EDP have a solar market in Europe?

This acceleration in Europe is also being experienced by EDP, which is currently active in distributed solar in eight countries in this market - Portugal, Spain, France, Italy, Belgium, Luxembourg, Germany and Poland. To date, EDP has contracted almost 1 GWp of capacity in the region, having already installed more than 65% of that capacity.

Who is Polarium and VoltStorage?

In 2021, Polarium launched a partnership with Northvolt, to develop solutions for the telecom industry. Based in Munich, Germany and founded in 2016, Voltstorage is a developer and maker of energy storage systems using vanadium flow batteries. The focus primarily on long duration storage and commercial storage systems.

Why is EDP partnering with navigator for a 17 MWp solar project?

The announced partnership with Navigator for a 17 MWp solar project demonstrates EDP’s ability to be an important partner for companies facing the challenge of energy transition. Solar energy has been gaining ground in European decarbonization plans.

How many residential energy storage systems are there in Germany?

By September 2023, Germany has installed more than 1 million residential energy storage systems and expects to add more than 400,000 units per year in the future. Volatile energy prices and the popularity of photovoltaic self-use have driven demand for residential energy storage, which is expected to continue to grow through 2030.

Is Poland the future of energy storage?

Poland is one of the emerging energy storage markets in Europe, with an installed capacity of 44 MW in 2023 and expected to reach 4.6 GW in 2030, and pre-table energy storage is its main development direction.