Europe a storage policy laggard according to Wood Mackenzie
A few years ago, Europe led the pack in terms of storage deployment but it will soon be overtaken by the U.S. and China, according to Wood Mackenzie analysts, largely because of different policy approaches either side of the Atlantic.
Residential storage in Europe to grow 500% by 2024
A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.
