21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe’s total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.
Markus Elsaesser, the CEO of Solar Promotion GmbH (he/him), said: “Europe’s solar success has laid the foundation – now battery storage is stepping into its pivotal role. With solar power surging across the continent, the need for flexible capacity has never been clearer, and batteries are ready to deliver.
The main energy storage method in the EU is by far ''pumped storage hydropower'', which works by pumping water into reservoirs when there is an electricity surplus in the grid - for example on a sunny or windy day - and releasing it when more energy is needed.
In the most-likely scenario for 2025, 29.7 GWh of battery storage will be installed in Europe, representing a 36% annual growth. By 2029, the report anticipates a sixfold increase to nearly 120 GWh, driving total capacity to 400 GWh (EU-27: 334 GWh).
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"Healthy pipeline of projects in development” in Europe, but energy storage is still “significantly underutilised,” a new EU report finds.
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