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 EASE Task Force on Multi-Services Business Cases for Energy Storage has prepared a report looking at the key role of energy storage as a Local Flexibility provider. This paper gives an overview of existing short-term local flexibility schemes in Europe today including Active-network management (ANM) and other flexibility services and their implications on the business case for energy storage.
The Market Monitor is based on the most extensive database of European energy storage projects. The database of over 2,600 projects includes detailed data on current installations by customer segment (residential, C&I and front-of-meter) across 24 European countries, future projects and forecasts to 2030. The database is accompanied by a report which outlines key EU legislation, drivers and barriers for 12 core countries.
EASE has published an extensive review study for estimating Energy Storage Targets for 2030 and 2050which will drive thenecessary boost in storage deployment urgently needed today. Current market trajectories for storage deployment are significantly underestimating the system needs for energy storage. If we continue at historic deployment rates Europe will not be able to integrate the rapidly growing renewables and will fall short of its 2030 and 2050 climate targets.
EASE has responded to the European Commission's Public Consultation on 'Renewable Energy Projects - Permit-Granting Processes & Power Purchase Agreements . This initiative aims to facilitate renewable energy production projects. It will focus on the key barriers to implementing renewable energy projects and outline good practices addressing the identified barriers and good practices to facilitate power-purchase agreements, including across borders.
