What is the European energy storage inventory?

A new interactive platform delivers real-time clean energy storage insights as Europe shifts toward sustainable energy sources. Energy storage helps to balance supply and demand. The European Energy Storage Inventory is the first of its kind at European level to show all forms of clean energy storage solutions.

What is Europe's largest battery energy storage system?

Take Europe’s largest battery energy storage system, for example, which recently began operations on November 22, near the northeastern English city of Hull. The Pillswood Project system utilizes a Tesla 2-hour Megapack, allowing it to store up to 196MWh of electricity in a single cycle.

Is energy storage a good investment in Europe?

Compared to classic renewables, energy storage has really only become an investable asset in Europe over the last few years on the back of technology advances, market price signals, and government support mechanisms.

How do energy storage assets make money in Europe?

For short-duration energy storage assets, there are really three key revenue streams for energy storage assets in Europe. The first one is capacity payments, which have become a broadly implemented policy measure by governments to support system reliability and incentivize the installation of certain new power asset types.

Who is leading energy storage innovation in Europe?

Here Tamarindo’s Energy Storage Report highlights those players that have been at the forefront of storage innovation in Italy, Germany, Spain, France and Ireland in recent months.

Why should you invest in battery storage in Europe?

In Europe, the capacity of renewable energy sources is growing very rapidly, while traditional power plants are slowly being decommissioned. That’s creating a unique new opportunity for investors amid the emerging demand for battery storage, which provides balance to electricity markets.