The Expanding Battery Storage Market

Large-scale battery storage is essential to the green energy transformation, by  integrating intermittent renewable energy sources. Battery storage stabilizes the grid, reduces energy disruptions, and decreases reliance on fossil fuels—contributing to lower CO₂ emissions. It also brings significant financial returns, driven by optimization services such as ancillary services, peak shaving, load sharing, and flexibility services.

Driven by the EU’s climate goals, renewable energy expansion, and technological advancements, the European battery storage market is rapidly growing. As of 2023, Europe’s battery storage capacity was approximately 36 GWh. BloombergNEF estimates that this could reach 120 – 150 GWh by 2030 and up to 600 GWh by 2050. This projected growth highlights the crucial role of battery storage in supporting Europe’s energy transition.