US EditionEuropean Battery Storage Fleet Expected to Grow 45% Year-over-Year to 16 GW in 2025, WoodMac Says
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European battery storage fleet expected to grow 45% year-over-year to 16 GW in 2025, WoodMac says
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.From ESS News Europe’s BESS market is poised for a major jump in yearly additions, with deployment hitting 11 GW in 2024 and projected to surge 45% to 16 GW in 2025, according to Wood Mackenzie. Moreover, the research and consultancy firm expects European BESS deployment to…
The European market for battery energy storage systems (BESS) has matured and has become an increasingly attractive investment destination. Considerable volumes are currently being deployed across the continent, reaching a total of 11 GW in 2024 and with expectations of growing by 45% year-on-year to 16 GW in 2025, according to a new analysis by Wood Mackenzie. Related:Economic prospects for battery storage in Europe improve with the new pricing…
For this year, the analysts expect that the build-up of battery storage in Europe will increase by 45 percent to 16 gigawatts.The high number of power supply requests – which Wood Mackenzie estimates at 500 gigawatts – and the expected build-up in the power plant and commercial segment make Germany the most attractive investment target in Europe. However, it is already warned of cannibalization effects.Currently, there is a strong investment in …
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