Recording of Wednesday, June 19, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 7:54 .

European Energy Storage Market Expands Rapidly with Increasing Government Targets and Diversified Applications, Panel Discusses Future Growth in Key Countries

The discussion focuses on the European energy storage market, featuring both established and new entrants. Anna Darmani from Wood Mackenzie moderates the session, emphasizing their role as a data consultancy and research company aiding clients in strategic decision-making amid the energy transition. The European energy storage market has evolved significantly over seven years from being nearly non-existent to gaining recognition from governments and transmission system operators (TSOs). Tracking goals versus targets across Europe reveals that while most countries have solar and wind targets, few initially had specific ones for energy storage—a trend that's now changing. Spain leads with a 22 GW target by 2030, including batteries and other forms of storage; following closely is the UK with a similar target focused on batteries. By late 2023, Europe saw about 9 GW of grid-scale (over 5 MW) energy storage deployed—70% in the UK alone—with projections suggesting this could surpass 100 GW by 2033. This growth shows increased diversification beyond ancillary services towards trading markets, capacity markets, PPAs, etc., indicating broader adoption across different regions. Five panelists will discuss why Germany, Italy, Netherlands,Greece,and Bulgaria's markets are notably attractive for future growth before concluding with an audience poll to identify Europe's leading energy source champion by session end.

_{Automated summarization by AI Conver}

Speaker

Anna Darmani
Lead Analyst, Energy Storage Europe
Wood Mackenzie
United Kingdom

Talk of session: Europe's Hottest Energy Storage Markets: Established Heavyweights and Exciting Newcomers

In June 2024, Munich will host the European Championship - not just for soccer, but also for energy storage markets. To determine the 2024 European Energy Storage Champion, we will examine each nation's strengths and weaknesses when it comes to the market potential for energy storage deployment, both today and in the near future. Will heavyweights like the UK, Germany and Italy take the crown? Will Spain or the Netherlands deliver on their promises? And what about exciting newcomers like Poland, Greece or the Nordics? Join us for this panel of market experts to determine the European champions - and cheer on your team to victory.

Further Talks of this session:

Novel Business Cases for Market-Based Standalone Storage in Germany

Speaker

Benedikt Deuchert
Head of Business Development and Regulatory Affairs
Kyon Energy Finance GmbH
Germany

To Talk

BESS in Italy: A Regulated Approach to Deployment

Speaker

Alexa Strobel
CEO
Field Energy
Germany

To Talk

Standalone BESS in Greece: An Investigation of the DAM Arbitrage-Based Revenue Model for Prospective Merchant Installations

Speaker

Haralambos Panagopoulos
Senior LP Planner
HELLENIC PETROLEUM R.S.S.O.P.P. S.A.
Greece

To Talk

Golden Era to Invest in BESS in European Markets

Speaker

Sepehr Soltani
Analyst
Rystad Energy
Norway

To Talk

Policy, Market-Design and Power Market Fundamentals Effect on Battery Profitability

Speaker

Eva Zimmermann
Associate Flexible Energy
Aurora Energy Research
Germany

To Talk

Partners & Sponsors