Europe develops energy storage

How much energy storage will Europe have in 2022?

Many European energy-storage markets are growing strongly, with 2.8 GW (3.3 GWh) of utility-scale energy storage newly deployed in 2022, giving an estimated total of more than 9 GWh. Looking forward, the International Energy Agency (IEA) expects global installed storage capacity to expand by 56% in the next 5 years to reach over 270 GW by 2026.

Where is Europe's largest energy storage facility located?

Europe's largest energy storage facility has begun operating in the Belgian province of Wallonia, as the continent aims to secure its energy supply. The 40 lithium-ion mega-batteries allow for stable energy distribution across the public grid even when wind or solar power inputs fluctuate.

Which country has the largest energy storage project pipeline in Europe?

The UK will retain its crown as the region’s leading grid-scale storage market through to 2031, adding 1.5GW/1.8GWh in 2022 alone. With investor confidence around the profitability of energy storage assets rising, the UK holds the largest storage project pipeline in Europe, with 25 projects above 100 MW.

What does the European Commission say about energy storage?

The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.

Why should EU countries consider the 'consumer-producer' role of energy storage?

It addresses the most important issues contributing to the broader deployment of energy storage. EU countries should consider the double 'consumer-producer' role of storage by applying the EU electricity regulatory framework and by removing barriers, including avoiding double taxation and facilitating smooth permitting procedures.

How can Giga storage help facilitate the nuclear phase-out in Belgium?

Our ambition is to help facilitate the nuclear phase-out by achieving 2025 GW of battery storage in Belgium before 2030. GIGA Storage specializes in large-scale energy storage, investing in projects for optimizing energy supply and ensuring grid stability.