21.9 GWh of battery energy storage systems (BESS) was installed in Europe in 2024, marking the eleventh consecutive year of record breaking-installations, and bringing Europe’s total battery fleet to 61.1 GWh. However, the annual growth rate slowed down to 15% in 2024, after three consecutive years of doubling newly added capacity.
Despite these challenges, Europe has the potential to build a competitive battery cell production landscape. According to CRU, Europe can close the gap with China through automation, lower electricity costs, reduced lithium prices, and production optimization. It won’t be easy, but it is possible.
In the most-likely scenario for 2025, 29.7 GWh of battery storage will be installed in Europe, representing a 36% annual growth. By 2029, the report anticipates a sixfold increase to nearly 120 GWh, driving total capacity to 400 GWh (EU-27: 334 GWh).
Europe’s 2025 growth hinges on the large-scale utility battery projects set to come online in the course of the year. The large-scale battery segment is growing rapidly, and for the first time, is set to represent most of battery installations on the continent this year.
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