The transition to clean energy in Europe is accelerating, and the energy storage market has reached an important milestone. Recently, two major gigawatt level energy storage projects with a total scale of 5GWh were signed between Europe and China. Chinese battery company EVE Energy joined hands with local Spanish companies to participate in the construction, demonstrating the active participation of Chinese enterprises in the European energy storage market.

Germany's first gigawatt level energy storage project landed

LEAG Clean Power, a low-carbon subsidiary of German energy company LEAG, recently announced that it will collaborate with Fluence, a US battery storage system integrator, to build a 1GW/4GWh battery storage project in Germany. This project is not only Germany's first publicly announced gigawatt level energy storage project, but also the largest battery energy storage project in Europe to date, planned to be completed and put into operation in 2027-2028.

The project will adopt Fluence's Smartstack energy storage system, marking a new stage in the construction of large capacity energy storage in Europe. As a pioneer in Europe's energy transition, Germany's move will greatly promote the consumption of renewable energy and grid stability in the country.

Chinese enterprise EVE Energy lays out its presence in the Spanish market

At the same time, China's leading battery manufacturing company EVE Energy and Spain's local new energy company CEGASA have officially signed a memorandum of strategic cooperation. According to the agreement, both parties will engage in deep cooperation in the field of energy storage between 2026 and 2028, jointly developing and deploying energy storage projects with a total scale of up to 1GWh.

This cooperation covers a series of industrial, commercial, and power storage projects. EVE Energy will provide advanced, safe and reliable battery product solutions and related technical support to CEGASA, helping to improve operational efficiency and provide localized services for the Spanish and even European markets.

The European energy storage market has broad prospects

According to a recent research report released by CITIC Securities, the European energy storage market is entering a period of rapid development. It is expected that by 2030, the European energy storage market space is expected to reach 170 billion yuan, with 2025 potentially becoming a turning point for the outbreak of large-scale energy storage projects in Europe.

The research report points out that currently, the European energy storage industry is showing an accelerated growth trend. With the phenomenon of negative electricity prices driving the widening of spot peak valley price differences, the yield of energy storage projects in most countries has increased to 10% -15%. In addition, after the major power outage in Spain, European governments increased their support for energy storage, and the market growth momentum was strong.

From a demand perspective, it is expected that the newly installed capacity in Europe will reach 165 GWh by 2030, with a compound annual growth rate of about 40% from 2024 to 2030. Among them, energy storage projects in Eastern Europe are expected to explode rapidly in the short term, while the long-term market space in Western and Southern Europe is even larger. Under this trend, Chinese manufacturers with cost advantages are expected to continue to increase their market share in the European energy storage market.

The rapid development of the European energy storage market has brought huge business opportunities to global energy storage companies. However, the project also faces multiple challenges such as grid access, policy support, and technical standards. Especially in the current complex and ever-changing geopolitical context, Chinese companies need to pay more attention to localized operations and technological innovation in order to maintain their advantage in the increasingly competitive European market. Keywords: Energy Storage Latest News, Energy Storage New Energy News

With the advancement of these two landmark projects, the European energy storage market is expected to see more large-scale projects landing, providing important support for promoting Europe's energy transition and achieving carbon neutrality goals. Editor/Yang Beihua