1、EU solar markets 2024European Market Outlook for Battery Storage 2025-2029solarpowereurope.orgSupported by:Welcome to our European Market Outlook for Battery Storage 2025-2029Though the battery energy storage revolution continued to unfold across Europe in 2024,setting yet another annual installatio

2、n record,we also witnessed a substantial slowdown in market growth.While we anticipate demand to regain momentum in 2025,much will depend on policymakers implementing the right tools to unlock the immense potential of this strategically critical technology.One thing is certain,battery energy storage

3、 systems from residential to commercial&industrial(C&I)to utility-scale are the absolute short cut to delivering the flexible,electrified energy system that is foundational to EU energy security and competitiveness goals.Our five-year outlook foresees significant BESS expansion in Europe a sixfold i

4、ncrease to nearly 120 GWh by 2029,driving total capacity to 400 GWh,yet falls short of energy transition needs.A 15%annual growth to 22 GWh of newly deployed BESS in 2024 expanded Europes battery fleet to 61 GWh.That means that one-third of Europes total installed batteries have been deployed in a s

5、ingle year.Yet,this growth curve has notably flattened compared to the 84-145%growth rates of the preceding three years.This market development was unsurprising.Residential solar and storage formed the backbone of BESS expansion during the energy crisis,and as retail energy prices declined and crisi

6、s-response incentive programmes waned,so did home solar and storage installation.Nevertheless,over 3 million home batteries have been connected to European grids within three years,shielding families and businesses from volatile energy prices,while reducing emissions.Despite a 11%dip in demand for s