European commercial and industrial solar container boom

What is Solarpower Europe?

SolarPower Europe is a member-led association that aims to ensure that more energy is generated by solar than any other energy source by 2030. Welcome to the European Market Outlook for Battery Storage 2024-2028.

Why are battery storage markets growing in Europe?

Battery storage markets in Europe have developed significantly, especially over the past three years, driven by the need for renewable energy integration, technological advancements, supportive policies, and substantial investments.

What is the European market outlook for battery storage 2024-2028?

Welcome to the European Market Outlook for Battery Storage 2024-2028. Solar and its renewable peers have proven their pivotal role for the well-being of Europe in recent years, as they have backed the continent’s energy security, helping to manoeuvre through an unprecedented energy crisis.

How big is the commercial & industrial (C&I) Bess market?

At a smaller level, the commercial and industrial (C&I) BESS segment presents an unequivocal enlargement trajectory, widely surpassing for the first time the GWh annual market size in 2023 (1.6 GWh).

What will Europe's storage capacity look like in 2028?

As the storage duration of large-scale batteries increases, so does its weight on the total storage capacity of Europe. Despite the utility-scale segment’s strong growth, BTM batteries are still expected to remain the main contributor to the new capacity in 2028, with 41.8 GWh, a nearly four-fold increase compared to 2024 and a 25% CAGR.

Are battery energy storage systems a breakthrough year in Europe?

It was the third year in a row that the European BESS 2023 was a breakthrough year for battery energy storage systems (BESS) in Europe, as the recognition of their critical role for a secure and cost-efficient clean energy transition keeps improving. Batteries have entered a new phase, as the exponential growth curve starts to verticalise.