Energy storage slows in Europe

The European energy storage market grew 1GWh in 2019, marking a slowdown when compared to 2018, where it grew 1.47GWh.

On 23 March, the European Association for Storage of Energy (EASE) and Delta-ee released the fourth edition of the European Market Monitor on Energy Storage (EMMES). The report set out that the slowdown could be partially explained due to 2018 seeing a rapid increase in front-of-the-meter projects, driven by Enhanced Frequency Response (EFR) tenders. This had sent significant levels of storage to market, leading to higher competition, lower prices and revenue streams.

The report cited the EU’s clean energy package as being key to creating a framework for investment in energy storage. It explained the 2019 downturn had been noticeable for large-scale energy storage projects, directly connected to energy grids. This was because these projects often need planning permission, government financial support or procurement tenders to move ahead. The rollout of home battery kits, which are reliant on far less policy support, were noted as remaining a fast-growing market.

Patrick Clerens, Secretary General of EASE, said: “The message is clear: even if energy storage is a key enabler of the energy transition and clearly seen as a major tool to achieve the emissions targets linked to the Paris agreement, more support is needed. Customers, governments and the energy industry are keen to see the market develop and provide more value to the energy system. The “Clean Energy for All Europeans” Package is an important step in this process by creating, amongst other things, a clear definition for storage, which should allow energy storage to reach its full potential fast.”