Investors are becoming increasingly comfortable with energy storage as an asset class but numerous regulatory and market design hurdles remain across European markets.
Industry stakeholder organisations from across Europe have come forward to urge the European Union to support the adoption of long-duration energy storage in its European Green Deal.
Success for project proposals combining solar PV with battery storage in Germany’s latest multiple technology tenders for renewable energy are proof of the importance of energy storage, the managing director of German energy storage association BVES has said.
Andy Colthorpe speaks with energy storage associations from Ireland, Germany, Poland and Spain to hear about their unique situations as well as the opportunities and challenges they share.
A decision by UK gas and electricity markets regulator Ofgem’s to classify energy storage as a subset of generation must be a “stopgap measure” until parliamentary time is found.
Batteries, hydrogen and other energy storage should be a “key topic of energy policy,” in the EU, Members of European Parliament (MEP) that worked together on formulating a report into the role of storage in a decarbonised, fair and secure energy system have said.
The European Union (EU) has just published its Strategy for Energy System Integration, including pledges to support renewables and energy storage as the continent targets carbon neutrality by 2050.
A key committee of Members of the European Parliament (MEPs) has voted overwhelmingly to thrust energy storage into the heart of the continent’s decarbonisation agenda, while trade group EASE has urged the EU to raise its targets on 2030 emissions reduction.
The UK energy storage is currently “in limbo” despite improvements to regulation made in recent years, according to panellists at the Energy Storage Summit.
