EASE has prepared a position paper on the proposal of the Energy Market Design revision, by outlining the key position of EASE on how to enhance the proposal and make non-fossil flexibility a central component of the new decarbonised energy system. On March 14, 2023, the European Commission released a proposed reform of the Electricity Market Design, which has the potential to significantly impact the energy storage sector.
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 prepared a position paper on the proposal of the Energy Market Design revision, by outlining the key position of EASE on how to enhance the proposal and make non-fossil flexibility a central component of the new decarbonised energy system. On March 14, 2023, the European Commission released a proposed reform of the Electricity Market Design, which has the potential to significantly impact the energy storage sector.
EASE has prepared a position paper on the proposal of the Energy Market Design revision, by outlining the key position of EASE on how to enhance the proposal and make non-fossil flexibility a central component of the new decarbonised energy system. On March 14, 2023, the European Commission released a proposed reform of the Electricity Market Design, which has the potential to significantly impact the energy storage sector.
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.
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.
