With information on assets in over 29 countries, it is the largest and most detailed archive of European storage. The database is accompanied by a report which outlines key EU legislation, drivers and barriers for 14 core countries. The report looks at the electrical energy storage market, providing data and analysis across three market segments (residential, commercial & industrial and Front of the Meter) with updated project data based on StoreTrack database and a forecast towards 2030.
Key takeaways from the EMMES 8.0:
- Demand for storage is bigger than ever: about 10GW of new installations in 2023, of which 7GW are BtM and 3GW are FoM storage power capacity.
- EMMES assess that the installed base will grow 6 times in terms of power capacity.
- Both, the support schemes and improved market conditions are the drivers behind the impressive deployment results. Interestingly, the average storage duration of projects is also rising - 2-hour projects have become more common, and 4-hour durations are expected in the short-term future across Europe.
- The UK, Germany and Italy are once more the leading markets for both BtM and FoM storage capacity. The situation is expected to remain unchanged in the years to come.
