Estimated CAPEX of energy storage projects in the pipeline in European countries 2022

Published by Statista Research Department, Jan 27, 2024

There were 12 energy storage projects in the permitting stage in Europe in 2022, of which the majority were hydropower energy storage plants. Six of them were located in Spain.

It was estimated that the capital expenditure for the extension of the hydro-pumped energy storage project Kaunertal, located in Austria, will amount to 870 million euros. 

Estimated capital expenditure of energy storage projects in the permitting phase in Europe in 2022 (in million euros)

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Release date

January 2024

Region

Europe

Survey time period

2022

Supplementary notes

Projects of the 2024 Ten-Year Network Development Plan (TYNDP) of the European Network of Transmission System Operators (ENTSO).

Release date set as date of last access.

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