Europe builds grid-side energy storage power stations

Why should you invest in battery storage in Europe?

In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That’s creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.

How do energy storage assets make money in Europe?

For short-duration energy storage assets, there are really three key revenue streams for energy storage assets in Europe. The first one is capacity payments, which have become a broadly implemented policy measure by governments to support system reliability and incentivize the installation of certain new power asset types.

What is a grid battery?

This is because grid batteries aren't merely large-scale batteries; they're sophisticated systems equipped with real-time energy monitoring and instant energy dispersion capabilities, making them ideal for managing fluctuating energy flow.

What are Europe's next-generation storage technologies?

Research institutions across Europe are developing next-generation storage technologies, including advanced flow batteries, compressed air energy storage, and hydrogen-based systems.

How much battery storage capacity will Europe have in 2023?

According to the latest analysis from SolarPower Europe, Europe added 17.2 GWh of new battery energy storage capacity in 2023, a 94% increase over the previous year, marking the third consecutive year of the market roughly doubling. This brought the total installed battery storage fleet to around 36 GWh by the end of the year.

Is energy storage a good investment in Europe?

Compared to classic renewables, energy storage has really only become an investable asset in Europe over the last few years on the back of technology advances, market price signals, and government support mechanisms.