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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":707,"relatedVideos":708},166819471361874,"acf89f40-3be3-4aef-8011-2f0d5bce1a88","Europe has record quarter for energy storage","europe-has-record-quarter-for-energy-storage","article/europe-has-record-quarter-for-energy-storage",{"_uid":547,"date":548,"tags":549,"editor":562,"content":572,"excerpt":679,"featured":51,"reporter":680,"component":691,"seo_title":543,"categories":692,"visibility":696,"data_vis_image":697,"featured_image":700,"seo_description":704,"formattedDate":705,"formattedArticleDate":706},"f9b41397-084b-4620-9185-4e027cf8c216","2026-04-17 00:00",[550,553,556,559],{"slug":551,"name":552},"europe","Europe",{"slug":554,"name":555},"uk","UK",{"slug":557,"name":558},"germany","Germany",{"slug":560,"name":561},"bess","BESS",[563],{"slug":564,"name":565,"content":566},"benjamin-roche","Benjamin Roche",{"job_title":567,"image":568,"bio":570,"linkedin":571},"Editor – Energy Transition Supply Chains",{"filename":569},"https://a.storyblok.com/f/287943243085208/800x800/66d6674fb8/benjamin-roche.png","Benjamin is Benchmark's Editor for Energy Transition Supply Chains, covering both upstream products like critical minerals and downstream products including energy storage systems and electric vehicles. He has previous experience covering trade flows, tariffs and the effects of geopolitics on supply chains.","https://www.linkedin.com/in/benjaminrochecontent/",{"type":573,"content":574},"doc",[575,603,608,631,642,649,654,659,664,669,674],{"type":576,"attrs":577,"content":578},"paragraph",{"textAlign":49},[579,582,592,594,601],{"text":580,"type":581},"New ","text",{"text":583,"type":581,"marks":584},"installations of utility-scale storage",[585],{"type":586,"attrs":587},"link",{"href":588,"uuid":589,"anchor":49,"target":590,"linktype":591},"/article/global-bess-installments-increase-29-y-o-y","97c1dbbb-810f-4732-bbc5-3300ed5257d0","_blank","story",{"text":593,"type":581}," in Europe more than doubled in the first quarter of 2026 compared to ",{"text":595,"type":581,"marks":596},"Q1 2025",[597],{"type":586,"attrs":598},{"href":599,"uuid":600,"anchor":49,"target":590,"linktype":591},"/article/us-ev-demand-shift-and-bess-growth-who-deployed-the-most-batteries-in-2025-","efc32e74-520d-4632-b92b-53006fecdeef",{"text":602,"type":581},". Over 6.5GWh was installed in the first three months of the year, with over half of that coming online in March. Notably, March saw more capacity installed than the full year of 2023.",{"type":576,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":581},"In 2023, Benchmark tracked 90 utility-scale projects entering operation, compared to 75 in the first quarter of 2026.",{"type":576,"attrs":609,"content":610},{"textAlign":49},[611,613,620,622,629],{"text":612,"type":581},"The average size of European projects has increased significantly in recent years, helping boost the ",{"text":614,"type":581,"marks":615},"battery demand",[616],{"type":586,"attrs":617},{"href":618,"uuid":619,"anchor":49,"target":590,"linktype":591},"/article/us-bess-cell-demand-outstripping-north-american-production-until-2028-despite-tariffs","e10ddd56-09be-471c-ab8b-7f1503670661",{"text":621,"type":581}," figure. In Q1 2026 the average size was 91MWh, compared to just over 40MWh in 2023. Notably, however, average project size in Europe remains significantly ",{"text":623,"type":581,"marks":624},"smaller than elsewhere",[625],{"type":586,"attrs":626},{"href":627,"uuid":628,"anchor":49,"target":590,"linktype":591},"/article/lges-signs-4-3-billion-bess-cell-supply-deal-with-tesla","c9e36cab-5f2c-4a05-9341-1aad24c0277d",{"text":630,"type":581},", with the global average size coming in at 201MWh in the first quarter.",{"type":632,"attrs":633},"blok",{"id":634,"body":635},"6f0f8036-4c03-4fff-9fda-f5f11378de56",[636],{"id":637,"_uid":638,"type":639,"component":640,"fixed_height":641,"use_fixed_height":50,"fixed_height_mobile":641,"fixed_height_tablet":641},"28556401","i-6aeaf655-c4fb-41b4-afc5-644748c06612","visualisation","ContentFlourish","",{"type":643,"attrs":644,"content":646},"heading",{"level":645,"textAlign":49},1,[647],{"text":648,"type":581},"UK installed Europe’s first giga-scale project",{"type":576,"attrs":650,"content":651},{"textAlign":49},[652],{"text":653,"type":581},"At a country level, the UK led new operational capacity, with over 2.2GWh installed across nine projects. The largest of these was Alcemi Coalburn 1 BESS in South Lanarkshire, Scotland, a 1,000MWh/500MW project that is Europe’s first giga-scale project to enter operation. ",{"type":576,"attrs":655,"content":656},{"textAlign":49},[657],{"text":658,"type":581},"Giga-scale projects have been becoming more common globally, with 46 such projects entering operation in 2025, compared to 10 in 2024. Two further giga-scale projects are planned in Europe for 2026, with a further 38 planned for completion by the end of 2028. ",{"type":643,"attrs":660,"content":661},{"level":645,"textAlign":49},[662],{"text":663,"type":581},"Bulgaria becoming key European market",{"type":576,"attrs":665,"content":666},{"textAlign":49},[667],{"text":668,"type":581},"Bulgaria and Germany also saw over 1GWh installed in the first quarter, with 1.6GWh and 1.0GWh installed respectively. Bulgaria has emerged as a key market for energy storage in Europe in recent years on the back of its active tender schemes, supportive regulation and EU-supported funding which has resulted in a breakthrough year for grid-scale deployment in the country. ",{"type":576,"attrs":670,"content":671},{"textAlign":49},[672],{"text":673,"type":581},"In Germany, the residential market has flattened in recent years, though a strengthening grid market has more than compensated for this. The latter has largely been fuelled by strong merchant opportunities and wide price-spread opportunities, though long permitting processes and significant grid connection queues pose barriers to large-scale rapid deployment. ",{"type":576,"attrs":675,"content":676},{"textAlign":49},[677],{"text":678,"type":581},"In 2025, Europe installed 11.5GWh of utility-scale storage, while the current pipeline for 2026 sits at close to 70GWh, though much of this will be delayed into 2027.","New installations of utility-scale storage in Europe more than doubled in the first quarter of 2026 compared to Q1 2025. Over 6.5GWh was installed in the first three months of the year, with over half of that coming online in March. Notably, March saw more capacity installed than the full year of 2023. \n\nIn 2023 Benchmark tracked 90 utility-scale projects entering operation, compared to 75 in the first quarter of 2026. ",[681],{"slug":682,"name":683,"content":684},"iola-hughes","Iola Hughes",{"job_title":685,"image":686,"bio":688,"linkedin":689,"markets_covered":690},"Head of Research",{"filename":687},"https://a.storyblok.com/f/287943243085208/852x854/03382be015/iola-h.png","Iola was Head of Research at Rho Motion prior to the acquisition, and now leads the downstream research for the Benchmark. She has six years of experience in the battery space and works across electric vehicle, battery, and energy storage markets. Previous experience includes a research position with a Servomex working on paramagnetic sensors and spectroscopy gas analysis. Iola graduated with a First-Class Honours Master’s Degree in Geophysics from University College London","https://www.linkedin.com/in/iolahughes/","Battery, BESS, EV and Battery","article",[693],{"slug":694,"name":695},"ess","ESS","private",{"id":49,"alt":49,"name":641,"focus":49,"title":49,"source":49,"filename":641,"copyright":49,"fieldtype":698,"meta_data":699},"asset",{},{"id":701,"alt":641,"name":641,"focus":641,"title":641,"source":641,"filename":702,"copyright":641,"fieldtype":698,"meta_data":703,"is_external_url":50},129067466943219,"https://a.storyblok.com/f/287943243085208/bf619b8374/bm-europe.jpg",{},"New installations of utility-scale storage in Europe more than doubled in the first quarter of 2026 compared to Q1 2025. Over 6.5GWh was installed in the first three months of the year, with over half of that coming online in March.","Apr 17, 2026","17th April 2026",[],[],1787157300234]