Energy Storage News•16 days ago
Europe’s energy storage buildout: who leads and who is left behind
Key Takeaway
Europe's energy storage market is rapidly maturing into a significant, capital-intensive sector, presenting substantial opportunities for developers and implications for large power consumers.
AI Summary
- •Europe's energy storage market has reached a critical 'turning point,' evolving from scattered pilot projects to a dynamic, capital-intensive infrastructure sector.
- •This shift indicates a significant increase in investment and scale, creating a more robust environment for large-scale storage development.
- •The market's rapid evolution suggests underlying policy or economic drivers are now firmly in place, offering increased certainty for developers and investors.
Topics
financingpolicystorage
Article Content
Europe’s energy storage market has hit a turning point. What was once a scattered, early-phase market featuring pilot projects and daring developers has swiftly evolved into a dynamic, capital-intensive infrastructure sector, writes Wood Mackenzie research associate Cecilie Kristiansen.