Ancillary services connected to electricity grid regulation accounted for the largest battery capacity installed in Europe in 2024, making them the main application of battery storage systems. Only 23 percent of the battery systems installed in the region were for energy storage capacity.
Distribution of battery energy storage capacity in Europe in 2024, by application
Ancillary services indicate frequency and voltage regulation of the grid and reserve capacity; energy arbitrage refers to electricity trading; others include energy trading, backup power supply, firming and ramp management.
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EY. (June 13, 2024). Distribution of battery energy storage capacity in Europe in 2024, by application [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498419/europe-battery-storage-capacity-by-application-share/
EY. "Distribution of battery energy storage capacity in Europe in 2024, by application." Chart. June 13, 2024. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498419/europe-battery-storage-capacity-by-application-share/
EY. (2024). Distribution of battery energy storage capacity in Europe in 2024, by application. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498419/europe-battery-storage-capacity-by-application-share/
EY. "Distribution of Battery Energy Storage Capacity in Europe in 2024, by Application." Statista, Statista Inc., 13 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498419/europe-battery-storage-capacity-by-application-share/
EY, Distribution of battery energy storage capacity in Europe in 2024, by application Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498419/europe-battery-storage-capacity-by-application-share/ (last visited November 13, 2024)
Distribution of battery energy storage capacity in Europe in 2024, by application [Graph], EY, June 13, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1498419/europe-battery-storage-capacity-by-application-share/
