GMG’s Graphene Aluminium-Ion Battery: Collaboration with World Leading USA Battery Innovation Centre and Next Steps Toward Commercialisation
OXFORD (AURORA ENERGY RESEARCH)—Aurora Energy Research, a global energy market analytics provider, has today released the fourth edition of its European Battery Markets Attractiveness Report (BatMAR). Covering 28 European countries, the report identifies Italy, Great Britain, and Germany as the most attractive markets for Battery Energy Storage Systems (BESS) investment while also analysing key market trends and regulatory shifts.
Italy leads the ranking, driven by its 50 GWh battery capacity target by 2030 and the opening of its ancillary markets to BESS. Great Britain follows, supported by a strong installed capacity of 4.3 GW, an established battery industry, estimated to more than double to 10.6 GW, with attractive revenue streams reinforcing its position. Germany, which overtook the Ireland I-SEM as a top market, ranks third thanks to its strong market outlook and ambitious renewable energy targets.
While Italy, Great Britain, and Germany are attractive due to the large sums to be invested, Belgium, Hungary, and Greece are also emerging as key opportunities, particularly for smaller-scale investors or those with a higher risk appetite, according to Aurora Energy Research.
Europe’s grid-scale BESS capacity, which stood at 10.3 GW as of October 2024, is expected to expand fivefold to 55 GW by 2030 and reach 126 GW by 2050, according to Aurora’s central outlook which is the most updated forecast. These capacity additions represent a 100 billion € investment opportunity through 2050, including repowering projects.
While still an evolving industry, Europe is cementing its role as a global hub for BESS investments. With ambitious decarbonisation targets and a projected 333 GW increase in variable renewable capacity by 2030, the sector is on track for exponential growth, Aurora assesses.
Eva Zimmermann, Senior Associate Flexible Energy, Pan European Power Markets, Aurora Energy Research, says:
The grid-scale energy storage market continues to be strong, with investment pipelines growing due to promising opportunities.
“However, battery markets have complex revenue-cost dynamics, and European markets differ in size, revenue streams, and risk levels. This becomes apparent when comparing even our top markets, Italy and Great Britain: While Italy holds opportunities to enter the market as a developer looking for greenfield projects, the pipeline in Great Britain is full, hence only being attractive for investors in further advanced projects.”
Jörn Richstein, Research Lead, Pan European Power Markets, Aurora Energy Research, adds:
Batteries are a crucial piece in transitioning the energy system to higher shares of renewable technologies, by providing much needed flexibility to the system.
“However, which types of flexibility provision is needed, and thus which revenue opportunities exist evolves over time, making this a highly challenging market to navigate and requiring a comprehensive understanding of future local power market developments.”
A redacted version of the fourth edition of Aurora’s European Battery Markets Attractiveness Report is available now here. Get in touch with our Commercial team for further information.
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GMG’s Graphene Aluminium-Ion Battery: Collaboration with World Leading USA Battery Innovation Centre and Next Steps Toward Commercialisation, source
