Rising use of renewables is driving storage demand
Europe’s energy storage market stalls
Regulatory barriers and lack of capacity auctions hit growth but RepowerEU seen as supporting market, says Wood Mackenzie
Investment in energy storage capacity in Europe has stalled because of regulatory barriers and a lack of power capacity auctions for projects to bid into, according to consultancy Wood Mackenzie. Europe lags other regions on energy storage, with only 159GWh forecast to be deployed by 2031 compared with 422GWh in China and 600GWh in the US, Woodmac says in its latest Global Energy Storage Outlook. “Growth has stalled in Europe as regulatory barriers fail to improve storage project economics,” says Dan Shreve, Woodmac's global head of energy storage. “In addition, limited access to power markets and a lack of revenue-stacking opportunities, combined with a lack of capacity market auctions, has
Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
