Hopewind talks European distributed PV and storage and
Now, they know about the batteries – about the capacity and the technology types – so they come to us asking for price, availability, technical specifications.
Battery storage markets in Europe have developed significantly, especially over the past three years, driven by the need for renewable energy integration, technological advancements, supportive policies, and substantial investments.
Our new report shows that the market is increasingly embracing the battery storage option. In 2023, Europe's newly installed storage capacity grew by 94% to 17.2 GWh to reach a total installed capacity of 35.9 GWh in 2023, after doubling in 2021 and 2022.
New and retrofitted solar & storage home systems are now exempted from VAT, while various funding schemes support low-income households for the joint adoption of solar and battery storage.
It was the third year in a row that the European BESS 2023 was a breakthrough year for battery energy storage systems (BESS) in Europe, as the recognition of their critical role for a secure and cost-efficient clean energy transition keeps improving. Batteries have entered a new phase, as the exponential growth curve starts to verticalise.
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