REPORT

Battery Storage in Europe

The US battery storage sector has been booming since the passage of the Inflation Reduction Act last August – but it is not alone in seeing rapid growth of batteries.

About this report

The US battery storage sector has been booming since the passage of the Inflation Reduction Act last August – but it is not alone in seeing rapid growth of batteries.

On Wednesday 24th May, Troutman Pepper held a roundtable discussion in London with developers, financiers and advisors in the battery storage sector, in conjunction with our Financing Wind conference. This focused on the impacts of the IRA on the energy storage industry in the US and Europe, and wider challenges for the sector.

This paper shares some of the key insights that emerged from that discussion.

With thanks to the panellists for their contribution:

  • Cyril Gatinot, Senior Vice President, Cubico Sustainable Investments
  • Gourav Choudhary, Director Capital Markets, Gresham House, Trade Risks
  • Dr. Zhe Zhang, Chief Executive Officer, KX Power
  • Niels Jakeman, Head of Energy Origination Europe, Nord LB
  • Anthony Doherty, Chief Investment Officer, NTR
  • Ross Board, Director – Power & Utilities, RBC Capital Markets
  • Adam Kobos, Partner, Troutman Pepper
  • Craig Kline, Partner, Troutman Pepper
  • John Leonti, Partner, Troutman Pepper
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    June 30, 2023