European energy storage solutions

What does the European Commission say about energy storage?

The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.

Why is energy storage important in the EU?

It can also facilitate the electrification of different economic sectors, notably buildings and transport. The main energy storage method in the EU is by far 'pumped hydro' storage, but battery storage projects are rising. A variety of new technologies to store energy are also rapidly developing and becoming increasingly market-competitive.

What is the European Association for storage of Energy (EASE)?

....................................*** About EASE: The European Association for Storage of Energy (EASE) is the leading member - supported association representing organisations active across t entire energy storage value chain. EASE supports the deployment of energy storage to further the cost-effective transition to a resilient,

How much energy storage capacity does the EU need?

These studies point to more than 200 GW and 600 GW of energy storage capacity by 2030 and 2050 respectively (from roughly 60 GW in 2022, mainly in the form of pumped hydro storage). The EU needs a strong, sustainable, and resilient industrial value chain for energy-storage technologies.

Why should EU countries consider the 'consumer-producer' role of energy storage?

It addresses the most important issues contributing to the broader deployment of energy storage. EU countries should consider the double 'consumer-producer' role of storage by applying the EU electricity regulatory framework and by removing barriers, including avoiding double taxation and facilitating smooth permitting procedures.

Why does Europe need a secure energy solution?

Europe's industries are diverse, and so are its energy needs. But the common thread binding them is the need for sustainable, reliable, and cost-effective secure energy solutions, Julia Souder writes. For the last two hundred years, European industry has depended on fossil fuels.