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.
IPP Ormat Technologies has commenced commercial operations for its 20MW/20MWh battery energy storage system (BESS) project, the Montague energy storage facility.
Annual residential battery storage installations in Europe passed the 100,000 mark for the first time ever in 2020, reaching a cumulative total of 3GWh capacity.
The US’ installed battery storage capacity reached 1,650MW by the end of 2020, but the country is on track to have nearly 10 times that amount by 2024, according to the national Energy Information Administration (EIA).
Over 9,000MWh of battery energy storage could be deployed in Britain over the next five years as the sector enjoys a trend towards “explosive growth”, a market analyst has said.
