European energy storage: a new multi-billion-dollar asset class
In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That''s creating a unique new
A new interactive platform delivers real-time clean energy storage insights as Europe shifts toward sustainable energy sources. Energy storage helps to balance supply and demand. The European Energy Storage Inventory is the first of its kind at European level to show all forms of clean energy storage solutions.
In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That's creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.
According to International Energy Agency (IEA), in Germany, storage deployment is encouraged through innovation auctions, which reward the combination of renewables and storage. All successful bids in 2021 and 2022, totaling over 1 GW of installed capacity, were projects combining solar PV with battery storage.
Compared to classic renewables, energy storage has really only become an investable asset in Europe over the last few years on the back of technology advances, market price signals, and government support mechanisms.
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