The impact of Red Sea route outage on energy storage market in Europe?

The Red Sea plays a vital role in global trade, especially for liquefied natural gas (LNG) trade. Europe is one of the world's largest LNG import markets, and the Red Sea is the main trade channel connecting Europe and Asia. Therefore, the Red Sea shipping crisis directly affected Europe's import volume and price of liquefied natural gas, thus pushing up energy prices.

?Then, the impact of the Red Sea shipping crisis on European energy prices is also reflected in the geopolitical level. With the attacks by the Houthi armed forces in Yemen, the security situation of Red Sea shipping has further aggravates ,that will further insight and lead to European countries' concerns about energy supply, and the demand for energy independence has become even higher.

Additionally, the Red Sea shipping crisis could have knock-on effects on global trade. If Red Sea shipping instability continues, it will affect global trade, leading to supply chain disruptions and rising commodity prices. so, the energy supply and prices could be affected by knock-on effects .

Therefore, the boom of the European energy storage market in 2022 May be repeat again due to the outage of the Red Sea route , which may become an opportunity to stimulate the European energy storage market to growth again, and whether this history can be repeated depends on the time-length and severity of the impact of the outage of Red Sea channel .

If this time is an opportunity, perhaps there will be another wave of demand, and only those companies that are ready can seize the opportunity.

Are you ready ?