The latest news on european energy storage

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.

How much energy storage will Europe have in 2022?

Many European energy-storage markets are growing strongly, with 2.8 GW (3.3 GWh) of utility-scale energy storage newly deployed in 2022, giving an estimated total of more than 9 GWh. Looking forward, the International Energy Agency (IEA) expects global installed storage capacity to expand by 56% in the next 5 years to reach over 270 GW by 2026.

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.

How much storage does Europe have in 2023?

EMMES 7.0 gave the total installed figure for 2023 at 10.1GW, making it the first time Europe’s storage installations on a GW-basis outpaced the US, which according to Wood Mackenzie totalled 8.7GW at all scales last year.

What role do batteries play in Europe's power market?

As Europe rapidly expands its use of renewable energy to meet climate goals, batteries play a crucial role in the power market because they can store electricity when it’s plentiful and discharge when it’s scarce.