What percentage of European battery energy storage systems are lithium ion?

By battery type, lithium-ion commanded 92% of the European battery energy storage system market share in 2024; flow batteries are projected to expand at a 16.66% CAGR through 2030.

How can European policymakers help the battery storage sector?

ecomendationsHow can European policymakers help the battery storage sectorBattery storage systems are essential for strengthening the EU’s energy security and competitiveness by enhancing flexibility, providing ancillary services to secure the grid, maximising the use of renewable energy, and effectively dealing with energy pr

Does Europe have a battery storage market?

Europe’s battery storage market has witnessed encouraging growth in recent years. Solar Power Europe shows that the total amount of newly installed BESS capacity in the EU reached 17,2 GWh in 2023, marking a 94% increase YoY.

Why should you invest in battery storage in Europe?

In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That’s creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.

Who owns a lithium-ion battery energy storage system?

Germany-headquartered Tion Renewables has acquired a 10MW / 13MWh lithium-ion battery energy storage system (BESS) in Thuringia, Germany. The project, which is connected directly to the electricity grid, is currently under construction and is expected to become operational in the second half of 2024.

Are battery energy storage systems reshaping Europe's energy landscape?

In the heart of Europe’s energy transition, battery energy storage systems (BESS) are becoming more and more critical to deploy to help reshape our power landscape. And future prospects for the technology are looking bright. In fact, BESS became the most invested-in energy technology in 2023, so it’s not just talk, it’s also a lot of walk.