A European Market Design for Energy Storage
The study shows that this approach is not only cost-effective, but also limits fiscal risks and enables the development of a diverse storage landscape in Europe.
The latest edition of the European Market Monitor on Energy Storage by LCP Delta and The European Association for Storage of Energy (EASE), released today, highlights Europe's rapid expansion in energy storage capacity, which reached 89 gigawatts (GW) by the end of 2024.
European energy storage inventory . With the common target of 20 % renewable energy use by 2020 and 42.5 % by 2030, many Member States have introduced economic support programmes for renewable generation. In this context, PSH systems could facilitate their expansion.
For short-duration energy storage assets, there are really three key revenue streams for energy storage assets in Europe. The first one is capacity payments, which have become a broadly implemented policy measure by governments to support system reliability and incentivize the installation of certain new power asset types.
The European energy storage inventory is a platform developed to map and monitor the energy storage facilities across Europe. The information provided by the platform is used in this section to present the progress in energy storage deployment. The analysis is made by statuses, by countries, by technologies and by services. 2.1.
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