The European Commission has cleared an investment by Canadian pension fund BCI into Eku Energy, a new utility-scale BESS platform launched by Macquarie last year.

European Commission’s categorisation of energy storage technologies in the Net Zero Industry Act is a “huge victory,” one source said.

Initial reaction to the European Commission’s proposal on Electricity Market Design reform has been largely positive.

European Commission (EC) strategy puts energy storage as cornerstone of a decarbonised and secure energy system for the EU.

European Commission wants to advance the use of energy storage in managing supply and demand of electricity, according to a leaked document.

Grid operators from across Europe believe energy storage is a vital flexibility resource that should be incentivised.

Green Deal Industrial Plan has been welcomed by the European Association for Storage of Energy, although mentions of energy storage included in a leaked draft seen by the industry group were absent from the final publication.

EU reforms of electricity market should recognise value of flexibility options like energy storage, according to representatives of Fluence.

The European Union (EU) has unveiled its plans for its own Inflation Reduction Act-style support package, the Green Deal Industrial Plan, for clean energy technologies including energy storage.

European Commission has given green light for state aid towards development of a large-scale pumped hydro energy storage in Finland.