This market report offers an incisive and reliable overview of the European battery energy storage system (BESS) market for the period 2025 ÷ 2034...
Update: February 2025
Format: 1 file(s) (PDF report) in English language and 1 file(s) in MS Excel with data from charts and tables
Author: Renewable Market WatchTM
Pages: 232
Report production №: RMWIN349202025721
Delivery: Up to 24 hours by e-mail
Subscription: In the report price is included a subscription for 1 year period with up to 4 quarterly updates
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This is a uniquely thorough and detailed market report, which offers an incisive and reliable overview of the battery energy storage system (BESS) market of Europe for the next long-term period of 2025 ÷ 2034. Since 2021, a fast-growing number of solar photovoltaic and other renewable energy source (RES) power plants have joined the electricity network of European countries, and their capacity utilisation varies depending on weather conditions. Therefore, the need for energy storage capacity to balance the injection of the generated energy into the DSOs and TSOs grid has become pressing. BESS projects are critical to the energy mix as they provide security and stability to the European future electricity grid. At the same time, more renewables are a substitute for traditional power plants.
According to the study conducted between September and November 2024 by the Renewable Market Watch™ of 178 key decision-makers of European investment companies active in the renewable energy sector, more renewable energy developers intend to co-locate their projects with BESS. Some 61 per cent (up from 52 per cent in 2023) of the interviewed managers plan to prioritise integrating BESS in their renewable energy projects planned for realisation between 2025 and 2028.
The number of fully permitted and ready-to-build projects is promptly increasing. Co-location with renewables will be a growing application for utility-scale BESS storage. By the end of 2024, more than eleven European countries had auctions for co-located projects, and more countries are planning to join this support mechanism in the near future.
Battery long-term performance and storage duration capacity have been improving. Currently, 2-hour duration BESS projects are the most frequent installations, and 4-hour duration will be the most preferred option in Europe between 2027 and 2030.
The capacity of newly installed battery energy storage systems (BESS) in Europe will exceed 146 GWh by 2027. In many countries, the BESS market is underdeveloped and forecasted to score significant growth shortly. The report is focused on electrochemical battery storage technologies (lithium, flow and non-lithium batteries) and provides a complete picture of the market situation, dynamics, risks, current issues and prospects. You will find more than 230 pages of valuable information in this unique, in-depth analysis of the European battery energy storage system (BESS) market and will receive an overview of how the military conflict in Ukraine and the European Union's efforts to achieve a significant reduction of Russian gas and other energy commodities import will impact it.
With comprehensive market data, this report brings clear and concise insights to help investors, manufacturers and service providers in their decision-making process. As 2023 and 2024 were challenging years for the battery energy storage system (BESS) industry, the time for making the right decisions during 2025 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customized report content. Reasons to buy this market report are, but are not limited to:
- Battery energy storage sytem (BESS) potential in Europe
- Over 168 charts, maps and tables
- Profiles of 44 countries
- 1-hour complimentary (free) online/phone call consultation with a research analyst of Renewable Market Watch™
- Market shares of manufacturers of battery energy storage systems (BESS)
- Historical market data provided from 2014 to 2024 and forecasts until 2034
- Overview of European battery energy storage system (BESS) market development 2014 ÷ 2034 by countries
- Development scenario of European countries' battery energy storage system (BESS) sector until 2034
- Prosumer and Net Metering models, incentives and regulatory framework
- Database with 200+ major active and upcoming battery energy storage system (BESS) plants in Europe
- Attractiveness indices and comparative analysis for battery energy storage system (BESS) investments in Europe
- SWOT Analysis (detailed in 5 pages)
- Overview of Europe's legal and regulatory framework for Renewable Energy Sources (RES) and battery energy storage systems (BESS) generation by countries
- Project developers, EPC providers and Consultants in Europe
- Key organizations and stakeholders affecting the development of the battery energy storage system (BESS) sector by countries
- A comprehensive review of smart grid development in Europe
- Investment potential and opportunities
On the next pages, you will see the full table of contents of this report. To order this report, click "ADD TO CART". The table of contents is referential and may vary upon report updates. If you have any other questions or data requests, please do not hesitate to call us on ++44 203 807 00 79 or write an e-mail to orders@renewablemarketwatch.com
1. METHODOLOGY 11
1.1. Methodology 11
1.2. Limitations 15
2. EXECUTIVE SUMMARY 16
2.1. Battery Energy Storage System Demand and Supply in Europe 16
2.2. Renewable Energy Sources (RES) Policies and Targets in Europe 16
2.3. Risks Associated with Battery Energy Storage System (BESS) Projects 16
2.4. Future Market Trends 17
3. EUROPEAN UNION RENEWABLE ENERGY POLICY LANDSCAPE 18
4. EUROPE ENERGY MARKET 36
4.1. General Electricity Market Information 36
4.2. Battery Energy Storage System in the Energy Sector 43
4.3. Single Electricity Market in European Union (EU) 47
5. EUROPE RENEWABLE ENERGY RESOURCE POTENTIAL AND MAPPING 49
6. GLOBAL BATTERY ENERGY STORAGE SYSTEM MARKET 51
6.1. Battery Energy Storage System Cost 51
6.2. Market Overview 55
6.3. Battery Energy Storage Systems (BESS) Market Shares 59
6.4. Future Development Trends 63
7. EUROPE BATTERY ENERGY STORAGE MARKET 67
7.1. Support Schemes for Renewable Energy Sources (RES) Generation Battery Energy Storage System in Europe 67
7.2. Market Overview 68
7.3. Future Development Trends 73
8. COUNTRY PROFILES 77
8.1. ALBANIA 78
8.2. AUSTRIA 81
8.3. BELARUS 84
8.4. BELGIUM 87
8.5. BOSNIA AND HERZEGOVINA 89
8.6. BULGARIA 91
8.7. CROATIA 94
8.8. CYPRUS 97
8.9. CZECH REPUBLIC 100
8.10. DENMARK 104
8.11. ESTONIA 107
8.12. FINLAND 110
8.13. FRANCE 114
8.14. GEORGIA 116
8.15. GERMANY 118
8.16. GREECE 120
8.17. HUNGARY 122
8.18. ICELAND 125
8.19. IRELAND 129
8.20. ITALY 132
8.21. KOSOVO 134
8.22. LATVIA 137
8.23. LIECHTENSTEIN 139
8.24. LITHUANIA 141
8.25. LUXEMBOURG 143
8.26. NORTH MACEDONIA 146
8.27. MALTA 148
8.28. MOLDOVA 150
8.29. MONTENEGRO 152
8.30. NETHERLANDS 154
8.31. NORWAY 157
8.32. POLAND 159
8.33. PORTUGAL 164
8.34. ROMANIA 168
8.35. RUSSIA 170
8.36. SERBIA 172
8.37. SLOVAK REPUBLIC (SLOVAKIA) 175
8.38. SLOVENIA 178
8.39. SPAIN 181
8.40. SWEDEN 184
8.41. SWITZERLAND 187
8.42. TURKEY 190
8.43. UKRAINE 195
8.44. UNITED KINGDOM 199
9. COMPARATIVE ANALYSIS OF FEED-IN TARIFFS AND SUPPORT SCHEMES FOR BATTERY ENERGY STORAGE SYSTEM (BESS) SYSTEM IN EUROPE 202
10. COMPARATIVE ANALYSIS OF MANDATORY RENEWABLE ENERGY CAPACITY GENERATION TARGETS IN EUROPE 204
11. ELECTRICITY GRID NETWORK IN EUROPE 206
11.1. Transmission System Operators (TSO’s) 206
11.2. Distribution System Operators (DSO’s) 210
11.3. Grid Connection Constraints 215
12. SMART GRID DEVELOPMENT IN EUROPE AS A KEY FACTOR FOR BATTERY ENERGY STORAGE SYSTEM MARKET GROWTH 216
12.1. Smart Grid and Super Smart Grid Concept 216
12.2. Smart Grid Support Initiatives in European Countries 218
13. COMPETITIVE LANDSCAPE. PROJECT DEVELOPERS AND INVESTORS IN EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET 222
14. COMPETITIVE LANDSCAPE. EPC COMPANIES, EQUIPMENT MANUFACTURERS, AND CONSULTANTS IN EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET 225
15. SWOT ANALYSIS OF EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET 228
16. RISKS OF INVESTMENTS IN EUROPE BATTERY ENERGY STORAGE SYSTEM MARKET 232
- MAP 1: Transmission Grids System Map of Europe 2024 37
MAP 2: Exchange Balance of Physical Energy Flow Values in TWh in Europe and Evolution between 2024 and 2023 38
MAP 3: Share of Renewables from Electricity Consumption in Europe, 2024 (in %) 40
Map 4: The European Network of Transmission System Operators (TSOs) for Electricity 2024 194
MAP 5: Map of RWE Group Operations in Europe 200
MAP 6: Map of CEZ Group Operations in Europe 201
MAP 7: Smart Grid Projects Map in Europe 2024 208
Chart 1: Average Base Load Electricity Price in Selected European Countries (€/MWh): 2014 - 2034; Renewable Market WatchTM 40
Chart 2: Forecast for RES Generation and Battery Energy Storage System Capacity by Source Type in the EU to 2025 and 2034 (in GW) 43
Chart 3: New Installed and Decommissioned Power Capacity by Source Type in the EU in 2024 (GW) 45
Chart 4: Share of New Power Generation Capacities Added in the EU 27 in 2024 (GW) 46
Chart 5: Annual Installed Power Generating Capacity (MW), Battery Energy Storage System (BESS) Capacity (GW) and Renewable Share (in %) 2014 - 2034 in the EU 27 47
Chart 6: Historical and Forecasted Utility-Scale Battery Energy Storage System (BESS) Pricing ($/€/MWh) 2014 ÷ 2034 53
Chart 7: Historical and Forecasted Commercial and Industrial (C&I) Battery Energy Storage System (BESS) Pricing ($/€/MWh) 2014 ÷ 2034 53
Chart 8: Historical and Forecasted Residential Battery Energy Storage System (BESS) Pricing ($/€/KWh) 2014 ÷ 2034 53
Chart 9: LCOE Comparison for Baseload Technologies 2024 ($/€/MWh) 60
Chart 10: Battery Energy Storage System Manufacturers Market Shares (in % and GWh) 61
Chart 11: Global Cumulative Installed Utility-Scale Battery Energy Storage System (BESS) Capacity 2014 - 2024 (in GWh) 63
Chart 12: Global Cumulative Installed Commercial and Industrial (C&I) Battery Energy Storage System (BESS) Capacity 2014 - 2024 (in GWh) 65
Chart 13: Global Cumulative Installed Residential Battery Energy Storage System (BESS) Capacity 2014 - 2024 (in GWh) 66
Chart 14: Global Cumulative Installed Residential Solar Photovoltaic (PV) with Battery Energy Storage Systems (BESS) Capacity Development Scenario 2014 - 2034 67
Chart 15: European Cumulative Battery Energy Storage System (BESS) Capacity Segmentation by Country in 2024 in % 71
Chart 16: European Annual Battery Energy Storage System (BESS) Market Forecast 2014 - 2034 (in GWh), Renewable Market WatchTM 72
Chart 17: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity in Europe 2014 - 2034 (in GWh), including estimates 75
Chart 18: Cumulative Investment Volume Forecast in Battery Energy Storage System (BESS) Capacity in Europe 2014 - 2034 (in Billion EUR), including estimates 76
Chart 19: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Albania 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM; 79
Chart 20: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Albania 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 80
Chart 21: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Austria 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 81
Chart 22: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Austria 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 83
Chart 23: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Belarus 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 85
Chart 24: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Belarus 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 86
Chart 25: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Belgium 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 87
Chart 26: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Belgium 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 88
Chart 27: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Bosnia and Herzegovina 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 89
Chart 28: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Bosnia and Herzegovina 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 90
Chart 29: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Bulgaria 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 92
Chart 30: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Bulgaria 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 93
Chart 31: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Croatia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 95
Chart 32: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Croatia 2013 - 2033 (in EUR Billion), including estimates; Renewable Market WatchTM 96
Chart 33: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Cyprus 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 98
Chart 34: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Cyprus 2014 - 2034 (in EUR Billion), including estimates 99
Chart 35: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in the Czech Republic 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 102
Chart 36: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in the Czech Republic 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 103
Chart 37: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Denmark 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 105
Chart 38: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Denmark 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 106
Chart 39: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Estonia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 108
Chart 40: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Estonia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 109
Chart 41: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Finland 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 110
Chart 42: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Finland 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 113
Chart 43: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in France 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 114
Chart 44: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in France 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 115
Chart 45: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Georgia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 116
Chart 46: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Georgia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 117
Chart 47: Cumulative Development Forecast Solar Photovoltaic (PV) Capacity in Germany 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 118
Chart 48: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Germany 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 119
Chart 49: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Greece 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 120
Chart 50: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Greece 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 121
Chart 51: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Hungary 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 122
Chart 52: Cumulative Investment Volume Solar Photovoltaic (PV) Capacity in Hungary 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 124
Chart 53: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Iceland 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 127
Chart 54: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Iceland 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 128
Chart 55: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Ireland 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 129
Chart 56: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Ireland 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 131
Chart 57: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Italy 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 132
Chart 58: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Italy 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 133
Chart 59: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Kosovo 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 136
Chart 60: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Kosovo 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 136
Chart 61: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Latvia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 137
Chart 62: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Latvia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 138
Chart 63: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Liechtenstein 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 139
Chart 64: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Liechtenstein 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 140
Chart 65: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Lithuania 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 142
Chart 66: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Lithuania 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 142
Chart 67: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Luxembourg 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 143
Chart 68: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Luxembourg 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 144
Chart 69: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in North Macedonia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 147
Chart 70: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in North Macedonia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 147
Chart 71: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Malta 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 148
Chart 72: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Malta 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 149
Chart 73: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Moldova 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 150
Chart 74: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Moldova 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 151
Chart 75: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Montenegro 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 152
Chart 76: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Montenegro 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 153
Chart 77: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Netherlands 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 155
Chart 78: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Netherlands 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 156
Chart 79: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Norway 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 158
Chart 80: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Norway 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 158
Chart 81: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Poland 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 159
Chart 82: Reference Auction Price for New Renewable Energy Power Plants in Poland ≥ 1 MW in 2021 162
Chart 83: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Poland 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 163
Chart 84: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Portugal 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 164
Chart 85: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Portugal 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 166
Chart 86: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Romania 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 168
Chart 87: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Romania 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 169
Chart 88: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Russia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 170
Chart 89: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Russia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 171
Chart 90: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Serbia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 172
Chart 91: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Serbia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 174
Chart 92: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Slovakia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 175
Chart 93: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Slovakia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 177
Chart 94: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Slovenia 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 178
Chart 95: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Slovenia 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 180
Chart 96: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Spain 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 181
Chart 97: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Spain 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 183
Chart 98: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Sweden 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 184
Chart 99: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Sweden 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 186
Chart 100: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Switzerland 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 187
Chart 101: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Switzerland 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 189
Chart 102: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Turkey 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 190
Chart 103: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Turkey 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 192
Chart 104: The map setting out TEİAŞ’s regional limits to the electrical capacity increases for 2019 193
Chart 105: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Ukraine 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 195
Chart 106: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in Ukraine 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 198
Chart 107: Cumulative Development Forecast of Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in the United Kingdom 2014 - 2034 (in MW), including estimates; Renewable Market WatchTM 199
Chart 108: Cumulative Investment Volume in Battery Energy Storage System (BESS) Capacity by Segment (Residential, Commercial and Industrial, Utility-Scale) in the United Kingdom 2014 - 2034 (in EUR Billion), including estimates; Renewable Market WatchTM 202
Chart 109: Mandatory Capacity Generation Targets for Share of Renewable Energies in the European Union (EU) Countries by 2030 205
Chart 110: Forecast for Total Net Generation Capacity in the EU by Source Type by 2034 211
Chart 111: Smart Grid Model Concept 219
Chart 112: Cumulative Number of Smart Grid Projects in Selected European Countries Compared to Average EU Number and Budget Invested (in EUR Billion), 2014 ÷ 2024 220
Chart 113: Cumulative Budget (in EUR Billion) of Smart Grid Projects per Smart Grid Application in Selected European Countries Compared to Average EU Numbers, 2024 221
Chart 114: Countries and Regions with Grid Parity 251
Table 1: Battery Energy Storage Systems (BESS) Price Trend in 2024 54
Table 2: Top 5 European Countries by Newly Battery Energy Storage Systems (BESS) Capacity (in GWh) in 2024 59
Table 3: Support Schemes for Renewable Energy Sources (RES) and Battery Energy Storage System (BESS) Generation in Europe 68
Table 4: European Battery Energy Storage System (BESS) Markets Split 2014 - 2034 (in GWh) 70
Table 5: Albanian Annual Solar Radiation Hours by City 78
Table 6: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Albania 80
Table 7: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Austria 83
Table 8: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Belarus 84
Table 9: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Belgium 88
Table 10: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Bosnia and Herzegovina; Renewable Market WatchTM 90
Table 11: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Bulgaria 91
Table 12: Subsidies for Net Metering in Bulgaria 93
Table 13: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Croatia 94
Table 14: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Cyprus 97
Table 15: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in the Czech Republic 101
Table 16: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Denmark 104
Table 17: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Estonia 107
Table 18: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Finland 112
Table 19: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in France; Renewable Market WatchTM 115
Table 20: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Georgia 117
Table 21: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Germany 119
Table 22: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Greece 120
Table 23: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Hungary 124
Table 24: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Iceland 125
Table 25: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Iceland 126
Table 26: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Ireland 130
Table 27: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Italy 132
Table 28: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Kosovo 135
Table 29: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Latvia 138
Table 30: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Liechtenstein 140
Table 31: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Lithuania 141
Table 32: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Luxembourg 144
Table 33: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in North Macedonia 146
Table 34: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Malta 149
Table 35: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Moldova 151
Table 36: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Montenegro 153
Table 37: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Netherlands 154
Table 38: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Norway 157
Table 39: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Poland 161
Table 40: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Portugal 165
Table 41: Green certificates, Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Romania 169
Table 42: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Russia 171
Table 43: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Serbia 173
Table 44: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Slovakia 176
Table 45: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Slovenia 180
Table 46: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Spain 183
Table 47: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Sweden; Renewable Market WatchTM 186
Table 48: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Switzerland 188
Table 49: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Turkey 191
Table 50: Additional Incentives to Feed-in-tariffs for Electricity from Solar PV Sources in Turkey for Domestic Procurement 192
Table 51: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Ukraine 196
Table 52: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in the United Kingdom 201
Table 53: Feed-in-tariffs, Auction (Tender) Procedures and Support Schemes for Battery Energy Storage System (BESS) in Selected European Countries. Comparative Analysis 2025 203
Table 54: Grid Connection and Access Regimes in the European Union (EU), 2025 208
Table 55: List of TSOs in Selected European Countries, 2025 210