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.
11 industry associations covering the entire batteries value chain express their concerns about key elements in the ongoing debates in the European Parliament and the Council on the Batteries Regulation proposal, and provide recommendations for achieving shared goals.
EASE welcomes the recast Energy Taxation Directive, which goes in the right direction by making it possible to consider energy storage facilities as redistributors so to avoid double taxation. More ambitious steps are needed however, such as basing minimum tax rates on carbon content of the energy product, setting enforceable rules to phase-out double taxation in all Member States, and ensuring system integration is incentivised through favourable rates.
