Energy Storage News•about 2 months ago
Europe and the US: Comparing and contrasting two maturing energy storage markets
- •US market, driven by IRA incentives and evolving FERC policies, shows strong growth in utility-scale storage, particularly co-located with renewables, with a focus on capacity and ancillary services.
- •European market growth is more fragmented, influenced by diverse national policies and market designs, with a stronger emphasis on grid services, arbitrage, and behind-the-meter applications.
- •Key challenges in both regions include interconnection queue bottlenecks, supply chain stability for critical components, and the need for clearer long-term revenue certainty for storage projects.
solar