Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).
European battery energy storage deployments are expected to plateau over 2024-27 due to lithium-ion scarcity whilst the continent will need 200GW by 2030 to accommodate additional renewables, according to a new report and webinar.
Annual deployments of distributed energy storage connected to virtual power plants (VPP) is expected to reach 3GW by 2030, according to research firm Guidehouse Insights.