• Latest analysis from SolarPower Europe reveals that, in 2023, Europe installed 17.2 GWh of new battery energy storage systems (BESS); a 94% increase compared to 2022. This marks the third consecutive year of doubling the annual market. 

• By the end of 2023, Europe’s total operating BESS fleet reached around 36 GWh. The residential segment accounted for 63% of this capacity, followed by large-scale battery systems (21%), and commercial & industrial systems (9%). 

• Germany led the market with 34% of the European market share in 2023, followed by Italy (22%), and the United Kingdom (15%). 

• Although deployment is expected to continue to grow in 2024, projections still fall short of the estimated 200 GW of battery power capacity needed by 2030 to unlock the EU's solar potential. Battery storage faces obstacles across Europe, including missing targets, insufficient market signals, double taxation, and restrictive grid policies for hybrid renewable installations. 

BRUSSELS (Belgium), Tuesday 11th June 2024: In 2023, the equivalent of 1.7 million more European homes became solar battery powered. According to the latest analysis from SolarPower Europe, 17.2 GWh of new BESS capacity was installed in Europe in 2023, experiencing an impressive 94% increase compared to 2022. 

Walburga Hemetsberger, CEO of SolarPower Europe, said, “Growing battery storage and flexibility represents a fundamental shift from our current grid-centric view of the market. It impacts not only the way we plan infrastructure and the way we operate the system, but also the markets we engage with.  

The new Electricity Market Design (EMD) legislation lays the groundwork for a more robust energy policy. We need to urgently implement these measures and call on the European Commission to report on the EMD implementation ahead of the first Energy Council in 2025.”