European energy storage is still held back by regulation but Greece is a bit further ahead, specialist battery insurance group Altelium told Energy-Storage.news while discussing take-up of its new product.
E.ON spinout Uniper Energy Storage has received €2.75 million in EU grant funding towards a project to store hydrogen at scale in a salt cavern in Northern Germany.
The CEOs of Fluence, Gore Street, Gresham House and six others have penned an open letter calling on policy makers in Europe to set adequate targets and policy frameworks for the deployment of energy storage.
Some anticipated lithium-ion battery gigafactory projects in Europe are quietly revising their plans and may not open at all, according to the head of energy storage for research and consulting company Delta-EE.
Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.
Construction has begun on the first of four battery energy storage systems (BESS) totalling 200MW/200MWh from global system integrator Fluence in Lithuania.
Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).
