According to a report by Delta-ee and European Energy Storage Capacity, in 2017, the annual electrical energy storage market grew by 49% to 589 MWh. This led to a total of about 1.6 gigawatt hours of energy storage installed in Europe at the end of 2017, excluding pumped hydro. The report also mentions that lithium-ion batteries accounted for more than 90% of the new installed capacity last year.
Germany and the UK are the most important markets for grid-scale projects, with Italy growing strongly in the residential market which is led by Germany.
The European Market Monitor on Energy Storage covers different energy storage technologies and markets, allowing industry players and other experts to stay up-to-date on the fast-changing energy storage market. The report analyses the energy storage installed base in the residential, commercial & industrial and front-of-meter sectors. EMMES is based upon primary research conducted in collaboration with leading companies and stakeholders, including EASE Members. The group forecasts Energy Storage to grow like below:
A group of tech enthusiasts who are tracking latest developments in CleanTech with special focus on Energy Storage and Electric Mobility