Statistics of electrochemical energy storage in luxembourg city

How much electricity does Luxembourg use?

Electricity sector in Luxembourg is the main article of electricity in Luxembourg. Primary energy use in Luxembourg was 48 TWh in 2009, or 98 TWh per million inhabitants. Luxembourg is a net energy importer; 81.5% of the electricity consumed in the country, for example, was imported from neighboring European countries in 2021.

What happened to the electricity market in Luxembourg?

At the beginning of the year, the electricity market was hit hard by the end of the tariff shield introduced by the Luxembourg government. As a result, prices jumped from +40% to +50%. Some electricity deals that used to be below €40/month for a single person are now approaching €60/month.

Are batteries and hydrogen the future of energy storage?

While pumped hydropower has historically been the most widely used technology for energy storage, batteries and hydrogen are currently in the spotlight for the future. In Europe, installed battery storage capacity is projected to grow nearly sixfold in the next decade.

What is the current leading technology for energy storage worldwide?

Historically, the most widely used technology for energy storage worldwide has been pumped hydropower.