Are battery storage systems booming in Europe?

Not only in Germany, but throughout Europe, battery storage systems are booming as a result of the energy transition. According to SolarPower Europe, battery storage systems with a capacity of 17.2 GWh were installed in 2023, almost twice as much as in the previous year. The total installed capacity in Europe was 35.8 GWh.

Why do we need batteries in Europe?

Wind and solar use has grown to make up around a third of Europe's energy mix, but because these renewable sources are intermittent, they have also driven demand for batteries to provide backup. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.

Does Europe need energy storage?

Europe needs energy storage, and fast. Factories depend on uninterrupted power. So do logistics hubs, data centers, and food processing plants. Even a 30-minute outage can cause: BESS shields industrial operations. With the right system, a facility can switch to stored energy instantly during a blackout. No downtime. No losses.

Are batteries the key to Europe's decarbonization toolbox?

But with proactive coordination, batteries can continue to serve as one of the most versatile and scalable tools in Europe’s decarbonization toolbox. In the years ahead, storage will play a decisive role in making Europe’s energy system more resilient, flexible, and ultimately more affordable.

Are batteries reshaping power markets?

After years of being a niche component of the energy transition, batteries are now entering the mainstream of power markets. Record deployment numbers, driven by renewable integration needs and falling technology costs, are attracting major investments and reshaping energy strategies across the continent.

Are lithium-ion batteries a good choice for stationary storage?

“Lithium-ion batteries are the leading technology for stationary storage, not only because of their low cost but also because of their high durability,” says Raffaele Rossi, Head of Market Intelligence at SolarPower Europe.