A new report from analysis company Aurora Energy Research has named Groot -Britain as one of Europe’s best markets for Battery Energy Storage Systems (Bess).
The fourth edition of Aurora’s European Battery Markets Atturity Report (Batmar) notes that Europe has a total currant capacity on gridge of 10.3 GW from October 2024. This is expected to increase five-time to 55 GW by 2030, and predictions would be able to have a 1006a Capacity online, that is no less than 126GW Capacity, who could be capacity, Dial, Capacity, Capacity Online, who could be Capacity, Capacity Online, that Capacity, Capacity Online, billion (£ 82.6 billion)
Italy is currently leading the Aurora ranking for the attractiveness of battery investments, which includes 28 European countries. The company attributes the attractiveness of Italy to potential Bess market investors to an ambitious target to have 50 GWH battery capacity online in 2030, as well as the opening of its additional markets to Bess -Activa. Great -Britain immediately follows in the back of the ranking, with a current installed Bess capacity of 4.3 GW, which is expected to reach 10.6 GW more than double. Aurora emphasizes attractive income flows in Great Britain and an established curriculum industry as important factors in the attractiveness of the country as a market.
Germany is in third place in the attractiveness assessments, which Ireland has caught up with its strong market prospects and ambitious goals for renewable energy sources. The report also notes that new Bess markets throughout Europe are on the rise as potentially attractive investment options, in which Belgium, Hungary and Greece are emphasized as good markets for smaller investors or people with a levy with a higher risk.
Moreover, Aurora notes that Europe will be a central global hub for Bess investors, with the projected 333GW increase in the variable renewable capacity by 2030 and will set the Bess sector on its way for exponential growth in the coming years.
Eva Zimmermann, senior employee of flexible energy for Pan-European Power Markets at Aurora Energy Research, stated: “The market for energy storage on the grid-scale remains strong, where investment sinks grow due to promising opportunities. However, battery markets have complex turnover dynamics and European markets differ in size, sales flows and risk levels. This becomes clear when comparing even our top markets, Italy and Great -Britain: although Italy offers opportunities to enter the market as a developer looking for Greenfield projects, the pipeline in Great -Britain is full, making it only attractive for investors in further advanced projects. “
Jörn Richstein, research leader for Pan-European Power Markets at Aurora Energy Research, added: “Batteries are a crucial piece when transferring the energy system to higher shares of renewable technologies by offering the frequent flexibility to the system. However, the types of flexibility supply are needed, and therefore what sales opportunities exist, evolves over time, making it a very challenging market to navigate and require an extensive understanding of future developments in the field of local power market. “
The income is also increasing
The news comes a little more than a month after the Modo Energy market analysis platform has shown that the British Bess income is increasing.
The company reported that December 2024 saw the highest monthly increase in income in four years, with Bess income by 65% compared to the previous month to reach £ 84k/mw/year. The proceeds from the storage of battery energy in December doubled more than from the start of the year, with January 2024 to see income on average £ 36k/mw/year.
Modo Energy attributes this high income to high wholesale price spreads, which rose by 32% in December 2024, as well as record levels of need for balance mechanism shipments; December saw 141 GWH capacity sent over the month.
