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Market Research Report
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1083023

Europe Distributed Energy Storage Outlook 2022

Published: | Wood Mackenzie - Power & Renewables | Delivery time: 1-2 business days

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Europe Distributed Energy Storage Outlook 2022
Published: June 6, 2022
Wood Mackenzie - Power & Renewables
Delivery time: 1-2 business days
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Report Summary:

Europe has ambitious decarbonisation targets for its energy and power sectors. European citizens will play a crucial role in achieving those targets, being placed at 'the centre of the energy transition' by the European Commission. With regulations such as mandatory solar PV rooftops and higher exposure to volatile power market prices for households or commercial and industrial players, distributed storage assets will become a part of everyday life. This report looks at the emerging European distributed energy storage segment and provides 10-year forecasts for 18 European countries. The forecasts show that Europe's distributed storage capacity will see an 11x growth through 2031, exceeding 67 GWh. The results highlight the latest trends, summarise the main drivers and barriers, and outline strategic takeaways for different industrial players and governments.