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.
June 2022 / Market Analyses
EMMES 6.0 - JUNE 2022
EASE and Delta-EE are pleased to announce the publication of the sixth edition of the European Market Monitor on Energy Storage (EMMES).
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. The focus of the report is on electrochemical storage but the database includes other technologies, e.g pumped hydro.
EMMES 6 key takeaways:
2022 will be a milestone year with > 5GW of new installations and >10GW of cumulative battery capacity. However, supply chain issues and raw material shortage is resulting in fewer installations into 2023 and 2024.
Cumulative battery power capacity by 2030 is expected to be ~57GW. In order to achieve climate ambitions, renewable targets and guarantee security of supply EASE has set a target of ~200GW of storage by 2030. This target is unlikely to be meet without additional support.
Front-of-meter batteries dominate both exsisting and new installations with limited capacity across both the residential and commercial and industrial sectors, with the exception of Germany and Italy. The former holds the largest residential market with ~200,000 annual installations whilst Italy is experiencing rapid growth due to government capex subsidies.
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 published its 2022 Activity Report. In 2022, safeguarding our Energy Security became an urgent priority, underscored by geopolitical instability and the increasing pace of the climate crisis. At EASE, we have continued to push for the deployment of Energy Storage, which is key to secure an independent access to energy, whilst paving the way for a carbon neutral economy.
EASE has responded to the European Commission's Public Consultation on the Revision of the EU’s Electricity Market Design. This initiative aims to review the current electricity market design and identify areas for improvement that could support the integration of renewable energy sources, while ensuring security of supply and keep prices affordable for consumers.
On 7 December 2022, over 200 participants attended webinar on electricity market design revision and joined the discussion on how it can enable energy storage for a carbon-neutral future. Representatives of EASE Policy team presented the latest EASE policy analysis paper "The Electricity Market Design Revision" and shared a list of changes identified to ensure a renewable-based and secure energy system. Speakers from Iberdrola, CellCube, Fluence and Enel X joined to discuss the topic.
EASE has finalised a paper on the upcoming electricity market design revision, highlighting how energy storage can enable a carbon-neutral future. More than ever, energy independence, security of supply, sector integration, and decarbonisation are guiding policymakers’ actions. EASE identifies a list of changes as needed to ensure a renewable-based and secure energy system.
