Europe''s BESS park expands to 61GWh despite slower growth
The increase in the BESS park lifted Europe''s total battery fleet expand to more than 61GWh, said trade body SolarPower Europe in its European Market Outlook for Battery
Deals have also been recorded in France, Poland, Austria, the Netherlands, and Bulgaria, where a 2.5 GWh optimization agreement was announced last spring. Despite the challenges, co-located BESS continue to gain ground and are set to remain a lasting feature of Europe's energy landscape.
In early 2024, the price of residential BESS offered to end consumers in Europe ranged widely, from €400 to more than €1,200 per kilowatt-hour (kWh) (Exhibit 2). Historically, European OEMs built trust-based brands by highlighting their “made in Europe” status and rode the first-mover wave over the past ten years.
Most of these deals have involved separate agreements, with BESS assets optimized independently and developers primarily benefiting from shared grid connections. UK government data shows that two out of three solar projects currently awaiting planning permission are slated to include co-located BESS.
BESS developments stabilise a country's energy infrastructure. For instance, Europe's first commercial BESS development, Schwerin Battery Park, in Germany was able to restore power to a grid in the midst of an unexpected blackout.
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