Recording of Tuesday, May 06, 2025 | The smarter E Europe | Conference Program | Language: English | Duration: 14:45 .

Europe's Energy Storage Market Set for Major Growth with New Applications and Contract Opportunities, Says Wood Mackenzie Expert

The presentation focuses on the evolving energy storage market in Europe, highlighting significant growth and challenges. The speaker from Wood Mackenzie discusses how increasing renewable energy integration has led to negative power prices across Europe since 2019, particularly affecting countries like Germany and Ireland. This situation underscores a need for more flexible resources to balance supply and demand, driving interest in energy storage projects. Energy storage capacity is projected to grow significantly from 34 gigawatts installed by late 2024 to an anticipated 250 gigawatt-hours over the next decade. Historically dominated by distributed markets, grid-scale segments are expected to catch up due to new applications and contract opportunities emerging throughout Europe. Ancillary services have been primary revenue sources but face saturation; thus developers are exploring alternative routes such as government-led auctions or PPAs (Power Purchase Agreements). Additionally, there’s growing potential for residential battery systems through Virtual Power Plants (VPPs) that aggregate assets effectively at scale akin to large-grid operations—demonstrating diverse investment avenues beyond utility scales.

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Speaker

Anna Darmani
Principal Analyst, Energy Storage Europe
Wood Mackenzie
United Kingdom

Talk of session: Future Trends: How Will the Market Develop, Which Applications Will Become Relevant?

What are emerging trends in battery storage? How are installation numbers evolving across the residential, C&I, and utility-scale battery markets? What new and existing applications are driving market growth? What can we learn from developments in other regions, such as the UK, and what insights can be applied to the European market? These are the questions that will be explored in this session.

Further Talks of this session:

Welcome and Introduction

Speaker

Dr. Alexander Hirnet
Vice President Device Development
sonnen GmbH
Germany

To Talk

Drivers for an Accelerated Deployment of Battery Storage Systems in Europe

Speaker

Antonio Arruebo
Market Analyst
SolarPower Europe
Belgium

To Talk

Unlocking New Revenue Streams for Battery Storage in Europe

Speaker

Simon De Clercq
Senior Associate
Aurora Energy Research
Germany

To Talk

Unlocking Profitable Utility-Scale Bess in Europe: Challenges and Opportunities in the Spot Market

Speaker

Sepehr Soltani
Senior Analyst
Rystad Energy
Norway

To Talk