What are battery energy storage systems (Bess)?
Battery Energy Storage Systems (BESS) are set to play a pivotal role in integrating the increasing variable electricity generation from solar and wind sources. However, assessing the BESS market prospects across Europe is a far from straightforward task.
Is Bess growing in Europe?
After years of exponential growth, demand for BESS in Europe has temporarily flattened, with McKinsey research showing approximately 150 percent growth in the first half of , which slowed to 10 percent in the second half of for Germany.
What services does a Bess OEM offer?
Residential BESS OEMs can also offer value-added services such as energy trading, analytics on battery energy usage and charging, and energy optimization. These services can offer homeowners increased freedom of PV and BESS utilization as well as energy tariff avoidance during peak demand periods.
How does Bess work?
Unlike traditional gas or coal plants, renewables lack inertia. Whereas renewable energy sources are vital for energy transition and undeniably revolutionary, they can’t stabilize grid frequency when the system is under stress. This is where BESS steps in. It fills the gaps. It keeps the grid steady. Without storage, grids collapse under strain.
How are European Bess OEMs putting cost pressure on Europe?
These international players are placing cost pressure on European BESS OEMs by driving down prices. In early , the price of residential BESS offered to end consumers in Europe ranged widely, from €400 to more than €1,200 per kilowatt-hour (kWh) (Exhibit 2).
Does Europe need energy storage?
Europe needs energy storage, and fast. Factories depend on uninterrupted power. So do logistics hubs, data centers, and food processing plants. Even a 30-minute outage can cause: BESS shields industrial operations. With the right system, a facility can switch to stored energy instantly during a blackout. No downtime. No losses.
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