Recent policy announcements from the European Union could boost the energy storage market, an analyst says, but also reveal inherent weaknesses of the bloc’s free electricity market.
A solicitation for large-scale energy storage could be hosted in about a year’s time as part of the push towards New York achieving its target of deploying 6GW of energy storage on the grid by 2030.
Significant policy support for the long duration energy storage (LDES) sector may be needed until 2030-35 when the market matures, says a new LDES Council policy toolbox report.
