New report: European battery storage grows 15% in 2024, EU energy
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ISSUE 2019 Energy storage systems are an integral part of Germany''s Energiewende ("Energy Transition") project. While the demand for energy storage is growing across Europe, Germany
New report: European battery storage grows 15% in 2024, EU
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Return Energy | Energy Finance & Investment
Return is a European energy storage company headquartered in Amsterdam, Netherlands, with additional offices in Arnhem, Hamburg, Munich, and Madrid. Founded in 2021, Return focuses
Europe''s energy storage fleet reaches 89 GW
The fleet of energy storage projects in Europe, including both pumped hydro and battery energy storage systems of all sizes, is expanding rapidly. This growth is set to continue
6 FAQs about [How is the return on energy storage in europe]
How many battery energy storage systems were installed in Europe in 2024?
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.
Why is energy storage important in the EU?
It can also facilitate the electrification of different economic sectors, notably buildings and transport. The main energy storage method in the EU is by far 'pumped hydro' storage, but battery storage projects are rising. A variety of new technologies to store energy are also rapidly developing and becoming increasingly market-competitive.
How many megawatts of energy storage were installed in Europe in 2024?
Historic and forecasted megawatt installs of energy storage across Europe. Image: EASE / LCP Delta. A total of 11.9GW of energy storage across all scales and technologies was installed in Europe in 2024, bringing cumulative installations to 89GW.
What is the European energy storage inventory?
In March 2025, the Commission launched the European Energy Storage Inventory, a real-time dashboard that displays energy storage levels across different European countries. It is the first European-level tool of its kind and offers energy storage data across a full range of technologies.
Which European countries adopted energy storage in 2024?
The rate of energy storage adoption varied across European countries in 2024. Pumped-hydro storage (PHS): Italy, France, Germany, and Spain had the largest capacities. Residential electrochemical storage: Germany and Italy remained the top markets despite a slowdown.
Is Poland the future of energy storage?
Poland is one of the emerging energy storage markets in Europe, with an installed capacity of 44 MW in 2023 and expected to reach 4.6 GW in 2030, and pre-table energy storage is its main development direction.