Spain has awarded €165 million to seven pumped hydro storage projects totalling around 2.1GW/21GWh, while Portugal has set a target of 1.4GW of new pumped hydro capacity by 2040.
The European Commission has released its final Electrification Action Plan, reaffirming its belief that the bloc needs 200GW of energy storage by 2030.
We sat down with Lars Stephan, EMEA director of marketing, policy and public affairs for system integrator Fluence, to discuss energy storage, data centres and cybersecurity at Intersolar last month.
The European Commission must “acknowledge the clear role of long-duration energy storage,” organisations including Energy Storage Europe and the LDES Council have urged.
Measures to limit EU exposure to fossil fuel supply chain and energy price shocks are welcome, but many questions remain, clean energy associations have said.