New report: European battery storage grows 15% in 2024, EU energy
New report: European battery storage grows 15% in 2024, EU energy storage action plan needed Press Release 7 May 2025 MUNICH, Germany (Wednesday 7th May
New report: European battery storage grows 15% in 2024, EU energy storage action plan needed Press Release 7 May 2025 MUNICH, Germany (Wednesday 7th May
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The landscape of utility-scale battery storage costs in Europe continues to evolve rapidly, driven by technological advancements and increasing demand for renewable energy integration. As we’ve explored, the current costs range from €250 to €400 per kWh, with a clear downward trajectory expected in the coming years.
National-level incentives vary across European countries, with Germany’s KfW Development Bank offering preferential loans with interest rates as low as 1% for large-scale storage projects.
For a typical 100 MW/400 MWh utility-scale installation in Europe, hardware and equipment costs currently range from €40 to €60 million. However, these costs are expected to decrease by 8-10% annually as manufacturing efficiency improves and supply chains mature.