Battery energy storage in Europe slows to 15% growth for 2024

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From ESS News

New European BESS installations reached 21.9 GWh in 2024, marking an eleventh consecutive year of record deployments despite growth slowing to 15% year-on-year, according to the European Market Outlook for Battery Storage 2025-2029 report.

The new installations bring Europe’s total battery fleet to 61.1 GWh, representing a significant deceleration after three consecutive years of doubling annual capacity additions. In 2023, for example, a 94% increase in installations was recorded, at 17.2 GWh.

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