From pv magazine ESS News site
Europe’s BESS fleet continues to grow in leaps and bounds but projections still fall short of the estimated capacity needed to unlock the continent’s renewable energy potential.
In its first analysis of the sector, PV industry association SolarPower Europe (SPE) found that 17.2 GWh of new BESS capacity was installed in Europe in 2023, experiencing an impressive 94% increase compared to 2022.
By the end of 2023, Europe’s total operating BESS fleet reached around 36 GWh. The residential segment accounted for 70% of this capacity, followed by large-scale battery systems (21%), and commercial & industrial systems (9%), the European Market Outlook for Battery Storage 2024-2028 report reads.
The dominance of home batteries came as a result of the energy crisis triggered by Russia’s invasion of Ukraine and disruptions to gas supply. However, as stated in Tuesday’s webinar hosted by SPE, this will change already this year as utility-scale batteries become the key driver behind deployment in Europe, accounting for almost 11 GWh of new additions, with 5 GWh in Italy alone.
In 2023, Germany led the market with 34% of the European market share, followed by Italy (22%), and the United Kingdom (15%). Specifically, Germany deployed 5.9 GWh last year, marking a significant increase of 152%. Italy followed, connecting a record-breaking 3.7 GWh (+86%), trailed by the United Kingdom with 2.7 GWh (+91%).
Furthermore, Austria exceeded the one-gigawatt-hour milestone, while the Czech Republic got close to it with around 900 MW installed. With the exception of the UK, all top five BESS markets in Europe were driven by the residential market segment.
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