There is a “healthy pipeline of projects in development” across Europe’s energy storage sector, but the technologies are as yet “significantly underutilised” below their potential.

China continues to dominate BESS deployments globally with 4.3GW/11.2GWh of deployments in May, including a 1GWh flow battery system.

Europe breaking battery storage deployment records, but more still needs to be done to accelerate uptake, according to SolarPower Europe.

A total of 10.9GWh of grid-scale BESS entered commercial operations in March, up 29% year-on-year and 3% month-on-month. 

The battery storage markets of Italy, Great Britain and Germany are the top three most attractive for investors in Europe, according to analysis firm Aurora Energy Research.

Although last year saw a dip in installations and projects submitted for planning, the BESS market in the UK continues to steam ahead with over 8GWh online and nearly 20GWh being built.

Tesla has reported record quarterly and full-year deployment figures for its Megapack and Powerwall battery storage products in its latest financial results. 

Energy storage deployments globally increased by over half in 2024, with the grid-scale segment the driver of this, market intelligence firm Rho Motion’s head of research writes in this contributed article.

Installed battery storage capacity in California has grown from just 500MW in 2018 to more than 13,300MW at the latest count.

With more than 3GW of new deployments in the second quarter of this year, “energy storage is becoming a mainstay of the power grid” in the US.