Battery costs have declined significantly, driving increased investments across Europe. In a new special report, we have simulated markets in Europe with different levels of battery build-out to quantify the potential impact of these battery investments.
Our analysis shows that an increase in batteries reduces price volatility significantly, particularly benefiting solar PV investments. Market values for solar PV increase with rising battery volumes. Solar PV and battery operations are closely connected: PV feed-in creates zero/negative price hours that drive battery operations.
