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.
April 2023 / Market Analyses
EMMES 7.0 - March 2023
EASE and LCP-Delta are pleased to announce the publication of the seventh 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 report looks at the electrical energy storage market, providing data and analysis across 3 market segments (residential, commercial & industrial and Front of the Meter) with updated project data based on StoreTrack database and a forecast towards 2030.
Key takeaways from the EMMES 7.0:
Demand for storage is bigger than ever: about 4.5GW of new installations in 2022 and an even more positive outlook of > 6GW for 2023.
The European-wide energy crisis, national government support, growing Front of the Meter project development pipelines, and an overall positive future policy direction on a EU-level are accelerating this demand. At the same time the sector will have to face increasing challenges in the face of supply-chain constraints, grid connection bottlenecks, skilled workforce constraints and rising costs.
Great Britain and Germany are leading the market in Front of the Meter and Behind the Meter respectively, but with growing interest in Europe more countries will join them create a much more diverse deployment landscape by 2025.
Recording of the EMMES 7.0 launch webinar "How will the new electricity market design shape the energy storage sector?" is available here.
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 prepared an analysis that aims to shed light on the numerous benefits of thermal energy storage (TES) by providing an overview of technologies, inspiring projects, business cases, and revenue streams. Policy recommendations are also discussed.
