The European energy storage market contracted in 2019 to 1 GWh, with a cumulative installed base of 3.4 GWh across all segments. However, the future of energy storage in 2020 in Europe remains positive as the energy transition progresses.
March 2021 / Market Analyses
EMMES 5.0 - March 2021
EASE and Delta-ee are pleased to announce the publication of the fifth edition of the European Market Monitor on Energy Storage (EMMES).
The report reveals the effects of the pandemic on the energy storage market, with lockdown affecting commercial and industrial, and behind-the-meter segments, while front-of-meter projects proved more resilient. Looking ahead, 2021 looks particularly strong for the sector with new ancillary services opening across Europe and national targets further supporting regional projects.
EMMES 5.0 shows that:
The European annual energy storage market grew to 1.7 GWh in 2020, with a cumulative installed base of 5.4 GWh across all segments.
The total annual energy storage market in Europe is expected to reach 3,000 MWh in 2021, almost double the annual storage deployments seen in 2020.
The European energy storage market contracted in 2019 to 1 GWh, with a cumulative installed base of 3.4 GWh across all segments. However, the future of energy storage in 2020 in Europe remains positive as the energy transition progresses.
The European Commission announced in its 2021 Working Programme that the Third Gas Package will be revised to regulate competitive decarbonised gas markets: EASE believes that energy storage solutions as Hydrogen and Power-to-Gas will play a key role in the transition of the gas system, and sees the proposed revision as a great opportunity to enhance sector integration as well as the deployment of renewable carbon gases.
EASE has provided a response to ENTSO-E Public Consultation on the All Continental Europe TSO’s proposal to determine a minimum activation time period required for limited energy reservoirs to remain available during alert state in accordance with Article 156(11) of the SO GL. Although several flaws in the methodology have been detected, EASE has suggested reasessment of the methodology to enhance the proposal.
EASE welcomes the revision of the Climate, Energy and Environmental Aid Guidelines to align the State aid framework with the EU’s ambitious decarbonisation targets and the European Green Deal. With the revision of the EEAG, the EU seeks to address challenge of ensuring a clear framework that supports decarbonisation in a cost-effective manner while maintaining competition and fair trade.
EASE welcomes EU policymakers’ efforts to revise the Renewable Energy Directive II (RED II) as part of the ‘Fit for 55’ package, expected July 2021. Accelerating the deployment of renewable energy sources (RES) is essential to achieve the EU’s ambitious goals of a 55% GHG emissions reduction by 2030 and carbon neutrality by 2050.
