European Battery Storage Market Accelerates Sharply, Expected to Reach 138 GWh by 2030
According to a new report released on Tuesday by SolarPower Europe, the European battery storage market is accelerating rapidly and is expected to continue this growth trajectory through 2030, with utility-scale projects leading this growth surge.
The report indicates that in 2025, the European battery storage market witnessed 36 gigawatt hours (GWh) of new installations, marking a 48% increase from 2024 when growth had begun to slow. This recovery was particularly strong in 2025 and is expected to continue accelerating in the coming years.
Future Growth Projections
By 2025, annual installation capacity is expected to surpass 50 GWh. By 2030, the annual installation rate is projected to surge to 138 GWh, equivalent to a four-fold increase compared to 2025.
In the European Union (EU), battery capacity is projected to increase six-fold by 2030, reaching 470 GWh. However, this figure remains below the 600 GWh that SolarPower Europe estimates the EU needs to achieve energy security, competitiveness goals, and carbon emission reductions.
| Year | New Installation Capacity (GWh) | Growth Rate |
|---|---|---|
| 2024 | 24.3 | - |
| 2025 | 36.0 | +48% |
| 2026 | 70.0 | +94% |
| 2030 | 138.0 | +97% from 2026 |
Challenges and Targets
"Europe's battery market is heading in the right direction, but we're not yet where we need to be," said Walburga Hemetsberger, CEO of SolarPower Europe.
The report emphasizes that despite the impressive growth, Europe still needs to accelerate the deployment of battery storage technology to meet long-term energy goals. Achieving 600 GWh of battery capacity by 2030 is necessary to ensure energy security, maintain competitiveness, and achieve carbon neutrality targets.
Market Analysis by Country
In 2025, the top three European battery storage markets—Germany, the UK, and Italy—have solidified their leading positions. Meanwhile, Ukraine and Bulgaria, the fastest-growing markets, have emerged to complete the top five markets across Europe.
Overall, these top five markets accounted for 62% of total installations across Europe in 2025, while the leading markets provided nearly 80% of the total annual installation capacity in 2024.
"This indicates that the European battery storage market is becoming more diversified, with greater contributions from smaller markets," noted SolarPower Europe.
| Rank | Country | Characteristics |
|---|---|---|
| 1 | Germany | Largest market, stable growth |
| 2 | UK | Second largest market |
| 3 | Italy | Third largest market |
| 4 | Ukraine | Fastest growing market |
| 5 | Bulgaria | Second fastest growing market |
Co-located Renewable Energy with Battery Storage Trends
The market for renewable energy combined with battery storage systems is also expected to boom in the coming years, according to Aurora Energy Research in a report released last month.
The installation capacity of co-located renewable energy projects with battery storage systems in Europe is projected to surge from 6 gigawatts (GW) in 2025 to 35 GW by 2030.
Aurora Energy Research examined developments in 20 European markets regarding the attractiveness of co-location, identifying Germany, the UK, and Bulgaria as the most attractive markets for co-location investments in Europe.
Conclusion
The robust growth of the European battery storage market reflects the increasing demand for energy storage solutions to support the clean energy transition. While significant progress has been made, the SolarPower Europe report emphasizes that Europe needs to accelerate deployment to achieve long-term energy and climate goals.
The market diversification with the inclusion of countries like Ukraine and Bulgaria indicates greater potential for development in the region, while the trend of combining renewable energy with battery storage systems opens new opportunities for sustainable growth.
Article by Michael Kern for Oilprice.com