Europe’s mature energy storage market
Battery energy storage system (BESS) deployment has ballooned in the United Kingdom since the first grid-supporting Enhanced Frequency Response services auction, in 2016. With complex revenue stacks and a project pipeline fit to burst, Great Britain’s BESS fleet has transitioned from industry upstart to a well-established, vital part of the energy system, as Matthew Lynas reports.
The United Kingdom is Europe’s leading BESS market. European Commission data puts UK BESS top for deployed, announced, and permitted capacity and under-construction projects. Only the United States and China had more capacity by the end of 2024, according to London-based analyst Rho Motion.Great Britain’s electricity grid needs batteries more than other similarly sized markets. …
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