The European energy storage system (ESS) market is growing rapidly, and the EASE and LCP Delta 2024 report confirms this trend. Here are the key findings and context:

Current market status (2024)

• Total ESS capacity in Europe: 89 GW
• Pumped storage: 53 GW (60%)
• Electrochemical storage (battery): 35 GW (40%)
• Behind the meter (residential and commercial): 22 GW
• On the grid side (large grid storage): 13 GW
• Record growth in 2024: +12 GW (+21.9 GWh)
• Comparison: US (+12.3 GW), China (+42 GW).

Growth drivers

• Fall in prices for lithium-ion batteries (by 80-90% over the last decade).
• Development of renewable energy sources: the need to balance solar and wind generation.
• Government support: subsidies and benefits (especially in Germany, Italy, Great Britain).

Market leaders in Europe

Germany:

• More than 1.8 million home storage units (≈19 GWh).
• Leader in the number of home solar power plants (about 50% of the total European 17 million).
• Italy and Great Britain: active development of grid storage units.

Household segment

3.4 million home solar power plants have been installed in Europe (usually in conjunction with solar panels). Popularity is due to rising electricity tariffs and the desire for energy independence.

Forecast to 2030

Expected capacity of the ESS: 163 GW (almost 2-fold growth).

Trends:

• Increase in the share of large industrial storage devices (especially in power systems).
• Development of alternative technologies (flow batteries, solid-state batteries).
• Integration with hydrogen storage.

Conclusion

Europe is actively increasing its ESS capacity, following the global leaders (China and the USA). The main focus is on decarbonization of power systems and stabilization of networks against the backdrop of renewable energy growth. The household segment remains key, but a boom in industrial storage devices is expected by 2030.