Europe sees rapid expansion of large-scale battery systems
In Eastern Europe, too, large battery storage systems are becoming increasingly popular as a result of the expansion of renewable energies and the pursuit of energy security.
RAZLOG, Bulgaria-- ( BUSINESS WIRE )--Stationary battery manufacturer Hithium has successfully deployed the largest battery energy storage system (BESS) project in Eastern Europe to date, with a capacity of 55MWh.
the operating battery storage capacity reached 49.1 GWh at the end of 2024.Over the past 4 years, the enlargement of Europe's BESS fleet has intensified, achieving a CAGR of nearly 0%, whereas from 2018-2021, the average annual increase remained below 50%. Thanks to this upswing during the last 4 years, the battery storage capacity in Europe is
In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That's creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.
Forecasts for 2025–2029 Battery storage capacity in Europe is expected to expand significantly in 2025. Newly installed capacity is set to increase to 29.7 GWh – a rise of 36 percent compared to 2024. Market shares, in turn, are shifting significantly.
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