Key facts
- Europe's battery storage installations are projected to quadruple by 2030.
- Annual battery storage installations are expected to reach 138 GWh by 2030.
- Utility-scale projects are anticipated to lead the growth in battery storage installations.
- The total capacity may not meet the EU's energy security needs.
- The report was published by SolarPower Europe.
A new report from SolarPower Europe forecasts a substantial increase in Europe's battery storage installations, projecting a quadrupling of capacity by the year 2030. The anticipated annual installation rate is expected to reach 138 GWh. This surge in battery storage is largely expected to be spearheaded by utility-scale projects, which are positioned to dominate the market growth. Despite this projected expansion, the report raises concerns that the total capacity achieved may still fall short of the European Union's stated energy security needs. The findings highlight a critical juncture for Europe as it seeks to bolster its energy independence and grid stability through enhanced battery storage capabilities.