21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe’s total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.
The main energy storage method in the EU is by far ''pumped storage hydropower'', which works by pumping water into reservoirs when there is an electricity surplus in the grid - for example on a sunny or windy day - and releasing it when more energy is needed.
Battery storage systems (BESS) are poised for significantly higher profits across Europe, with Rystad Energy analysis suggesting potential increases of over 15% in some countries. The positive shift follows changes to the European Union’s (EU) power pricing structure introduced in October, making the economics of BESS projects much more attractive.
Historic and forecasted megawatt installs of energy storage across Europe. Image: EASE / LCP Delta. A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.
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A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative …
The executive body of the European Union revealed the plan as it published a ''state of the nation'' report into member state progress on ramping up clean energy by 2030.
Pumped hydro is the most widely used technology for energy storage in Europe and worldwide, but batteries and hydrogen have come …
New report: European battery storage grows 15% in 2024, EU energy storage action plan needed Press Release 7 May 2025 MUNICH, Germany (Wednesday 7th May …
A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW. According to the ninth annual …
New EU 15-minute power trading rules boost European battery storage system (BESS) profits by over 15%, enhancing long-term arbitrage revenues.
Germany continues to lead Europe’s battery energy storage market, with 18 GW of utility-scale demand and 8 GW from commercial and industrial applications over the next decade.
Europe’s shift from hourly to 15-minute power pricing has sharply increased arbitrage opportunities for battery storage systems, boosting long-term revenue potential and project …
The executive body of the European Union revealed the plan as it published a ''state of the nation'' report into member state progress on …
A new interactive platform—the European Energy Storage Inventory —has been launched to provide near real-time insights into energy storage deployment across the EU, …
In March 2025, the Commission launched the European Energy Storage Inventory, a real-time dashboard that displays energy storage levels across different European countries.
The economics of battery storage systems (BESS) in Europe look much rosier following changes to the European Union’s (EU) power pricing structure in October, with …
Pumped hydro is the most widely used technology for energy storage in Europe and worldwide, but batteries and hydrogen have come into the spotlight over the last decade …
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