How many battery energy storage systems were installed in Europe in 2024?

21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe’s total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.

What is the battery storage Europe platform?

"The Battery Storage Europe Platform represents a vital opportunity to help shape smarter regulation and advocate for a policy framework that truly supports investment in storage. If we are to scale at the pace the energy transition demands, platforms like this must lead the way." Managing Director, Renewable Energy Insurance Broker (REIB)

What is Europe's battery storage race?

Europe's Battery Storage Race and Why it Matters. The EU policy framework outlines the correlation between energy storage and climate change, explaining the Government's decarbonization plan to secure a sustainable, competitive, and affordable energy supply in Europe.

Is Europe ready for battery energy storage?

It’s fair to begin with acknowledging that while battery energy storage remains a young industry within Europe, it is one full of promise and potential. The potential stems from the idea that Europe holds all the right competences to support a complete, globally competitive battery storage supply chain.

How important is battery storage in Europe?

The storage process can be done on the grid and individual buildings levels, which has made Europe a renowned home of energy storage technologies. To further put the importance of battery storage in perspective, Europe needs a total of 187 GW of energy storage by 2030, 122 GW of which will be battery storage—that is about 65.24%.

How does the EU support a circular battery economy?

This initiative supports the EU’s efforts to establish a circular battery economy, benefiting renewable energy storage by promoting more sustainable, long-lasting batteries. The EU is investing in smart grid projects to ensure smooth integration of energy storage with renewables.