Battery storage capacity in Europe is projected to increase fivefold to more than 50 gigawatts (GW) by 2030, with an investment of approximately €80bn. This growth, highlighted in a recent study by Aurora Energy Research, is driven by the growing share of wind and solar power in Europe's energy mix.
“This growth is in response to the growing share of wind and solar power in Europe’s energy mix, which now accounts for around a third. However, renewables are dependent on weather conditions, which will create a demand for battery storage to ensure a stable supply of energy,” says Pavel Bursa from Resacs.
Despite the significant increase in battery storage capacity, challenges remain. According to the European Association for Storage of Energy, up to 200 GW of storage capacity will be needed by 2030. In 2024, a record 3.7 GW of battery projects were added in Europe, bringing the total capacity to 10.8 GW, according to Lukas Kanok from Kalkulator.
The expected growth in battery storage reflects an increasing recognition of its benefits for both businesses and individuals. Storing electricity when it is cheaper and using it during peak times helps reduce electricity bills and manage energy costs. It also provides the flexibility to rely on green energy when the sun isn’t shining or the wind isn’t blowing.
“Storage also serves as a backup source in the event of network outages, which is crucial for companies with continuous operation, such as data centres, manufacturing plants, or hospitals. They also help stabilise the voltage in the grid, which protects sensitive technologies from fluctuations and power failures,” says Pavel Bursa from Resacs.
The falling cost of battery technology has further spurred the development of related products, such as battery-powered machines for home and garden care. These innovations offer ecological, flexible, and quieter solutions for both consumers and businesses. “Battery drive is becoming more popular not only in electromobility but also among machines in various industries,” explains Lukas Rom from Karcher.
The boom in battery storage is positioned as a key driver of Europe’s renewable energy market and presents a significant opportunity for investors. It is also crucial for enhancing the stability of energy grids across the region.
