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.
On 22 April 2021, over 90 participants attended the webinar on the role of energy storage in the Renovation Wave. It is a strategy that aims to increase energy efficiency in buildings through renovations and innovative solutions.
EASE welcomes the proposal for the new Batteries Regulation proposed by the European Commission on 10 December 2020. Although several criticalities are present, the new Regulation is a step forward to tackle several of the barriers that currently hinder the battery market.
The report reveals the effects of the COVID-19 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.
