1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power Market Trends

Grid-scale Energy Storage in Europe—Lessons from Global Pilot Projects

  • January 2014
  • 40 pages
  • Frost & Sullivan
Report ID: 2003748

Summary

Table of Contents

Supportive Legislations and Initiatives Provide Clarity to Promote Implementation

Renewable energy sources are environmentally friendly and globally promoted. Due to their intermittent nature, however, renewable energy sources cannot be utilised as and when needed. Hence, an energy storage system becomes crucial to fully utilise renewable power. An energy storage facility acts as a buffer during peak demand; further, it improves grid stability through regulations and renewable integration. The long-term goal of effective, smart grid deployment is possible only through efficient utilisation of energy storage, which is analysed and explained in this deliverable.

CEO’s Perspective

1. Energy storage is inevitable for effective smart-city implementation. Hence, energy storage deployment is essential.
2. The process of implementing energy storage in the United States has given more clarity to the participants; this needs to be implemented in Europe.
3. Energy storage has technical, economic, and customer-centric advantages that promote its need.
4. Energy storage is still emerging as a market, but it is positioned to be well established after 2020. First-mover advantage is prominent in the short term.
5. Despite the availability of different technologies, battery energy storage systems are likely to witness significant growth soon.

The Last Word—3 Big Predictions

1. Energy storage in Europe is possible through supportive and favourable regulations, funding, and initiatives that provide clarity to participants.
2. Contribution from BESS is expected to promote grid-scale energy storage, as it is easier to implement at smaller capacities.
3. Without efficient energy storage deployment, renewable-energy integration and smart-grid implementation in Europe are impossible.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Advanced Energy Storage Market - Global Industry Analysis Size Share Growth Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • June 2017
  • by Transparency Market Research

Global Advanced Energy Storage Market: Overview Advance energy storage is a process of storing electrical energy and then utilizing it later. Advanced energy storage is a combination of energy storage ...

Advanced Energy Storage Systems Market by Technology, by Application, and Region - Global Forecast to 2022

  • $ 5650
  • Industry report
  • August 2017
  • by MarketsandMarkets

“The advanced energy storage systems market is projected to grow at a CAGR of 8.38%, from 2017 to 2022.” The advanced energy storage systems market is projected to reach USD 19.04 billion by 2022, ...

Global Thermal Energy Storage (TES) Market Analysis & Trends - Industry Forecast to 2025

  • $ 4200
  • Industry report
  • July 2017
  • by Accuray Research LLP

The Global Thermal Energy Storage (TES) Market is poised to grow at a CAGR of around 7.2% over the next decade to reach approximately $7.33 billion by 2025. Some of the prominent trends in the market include, ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.