PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1399408
PUBLISHER: Wood Mackenzie - Power & Renewables | PRODUCT CODE: 1399408
This report explores the Europe grid-scale energy storage market and forecasts demand over the next ten years. We collect granular data on 18 European countries and divide them into ranked tiers based on their growth potentials. By exploring key drivers and barriers, we identify markets leading to a sevenfold expansion of the grid-scale storage market by 2032. Strategic takeaways are derived from key regulations, energy storage and power cost trends, and competition among flexibility resources.