Solar Energy Storage Europe and America

Does Europe need energy storage solutions?

The increasing penetration of renewable energy globally, particularly in Europe, is driving the need for energy storage solutions. Just as Europe leads in renewable energy adoption, it also faces significant related challenges in grid management Energy Institute, 2023).

Which country has the most energy storage capacity?

Almost 80% of the total installed energy storage capacity base, worth 7GWh, is from the residential sub- segment. Germany is among the top European countries in residential battery storage market. So far, growth has been through the volumes in the residential storage market segment.

What is the growth rate of energy storage in Germany?

Comparatively, the residential and commercial/industrial sub-segments have had annual growth rates of 52% and 24%, respectively, during the same period. Almost 80% of the total installed energy storage capacity base, worth 7GWh, is from the residential sub- segment. Germany is among the top European countries in residential battery storage market.

Is the energy storage industry aligned with the industry's needs?

The country’s policy and regulatory framework, while recognising the energy storage assets in the system, is yet to be aligned with the industry’s needs. Fundamental regulatory changes are required in areas such as charges payable by the storage units or the tax incidence. Recent steps taken indicate progress.