Focus Markets

01.04.2021

EMMES: 3000 MWh of energy storage expected in 2021

According to the analysis that monitors the European energy storage market, business will double compared to 2020
The European Market Monitor on Energy Storage, or EMMES, was recently published. It is the fifth analysis of its kind produced by Delta-EE, an energy innovation and research consulting firm, in close collaboration with EASE (European Association for Storage of Energy), the most important European association representing organisations working across the entire energy storage value chain.

The EMMES examines the European market on energy storage by country and market segment (front-of-meter, commercial and industrial, and residential). The research involved several European countries, including France, Italy, Germany, United Kingdom, and other regional European markets and also mentions important updates to European policies regarding this sector.

The report reveals the impact of the pandemic on the energy storage market in Europe, with lockdowns across the region primarily affecting the behind-the-meter (i.e. on the energy user's side) commercial and industrial segments, while front-of-meter (i.e. on grid side) projects proved more resilient during this period of crisis. The 2021 outlook seems particularly strong for the energy storage sector with the opening of new ancillary services across Europe and thanks to national targets that provide further support to the many regional projects.

The analysis shows that the total European market on energy storage has grown, reaching 1.7 GWh in 2020, with a cumulative installed base of 5.4 GWh across all segments. In Europe, the total energy storage market is expected to reach 3,000 MWh in 2021, nearly doubling previous-year results.

The EMMES highlights strong performance in 2020 of the front-of-metre market throughout Europe, with new ancillary and balancing services supporting the demand for energy storage projects of increasing duration in countries like Italy and the United Kingdom and in the Nordic region.

Even so, the behind-the-metre residential and commercial & industrial segments were hit harder by the pandemic, with onsite installations hindered by the lockdowns. The report expects a recovery of these sectors as the pandemic eases, but also that they will be boosted by COVID-19 recovery. Significant public investment in clean energy technologies, including storage, is envisaged in Europe’s 1.8 trillion pandemic recovery plan. The European Parliament has invited the Commission to develop a new global EU energy storage strategy, which could create new market incentives and help accelerate the recovery.

Patrick Clerens, Secretary General of EASE, said: "The excellent 2021 storage outlook is a testament to the importance of a supportive policy and market framework for storage: the implementation of the Clean Energy Package is opening up new markets around Europe and improving the business case for storage. Policymakers’ strong commitment to the EU Green Deal and a ‘green’ COVID-19 recovery is hugely promising for the storage sector".