What is the battery storage Europe platform?

"The Battery Storage Europe Platform represents a vital opportunity to help shape smarter regulation and advocate for a policy framework that truly supports investment in storage. If we are to scale at the pace the energy transition demands, platforms like this must lead the way." Managing Director, Renewable Energy Insurance Broker (REIB)

How many battery energy storage systems are there in the EU?

Dion Sud continued: “The EU currently has just over 50 GWh of battery energy storage systems (BESS). To stay on track for the 2030 renewables targets, this must increase to between 500 and 780 GWh. Our core ask: 10X more battery storage in 5 years.”

Why is energy storage important in the EU?

It can also facilitate the electrification of different economic sectors, notably buildings and transport. The main energy storage method in the EU is by far 'pumped hydro' storage, but battery storage projects are rising. A variety of new technologies to store energy are also rapidly developing and becoming increasingly market-competitive.

What is the European Commission doing about energy storage?

The European Commission in 2020 published a study on energy storage, which summarized some previous studies and reports, explored current and potential energy storage markets in Europe, and set out policy and regulatory recommendations for energy storage.

What is the EU batteries regulation?

The EU Batteries Regulation is a comprehensive regulation that covers sourcing, manufacturing, use, and recycling of batteries in the EU and introduces sustainability, recycling, and safety requirements applicable to the design, production, and waste management of batteries produced or sold in the EU.

What are EU energy storage initiatives?

EU energy storage initiatives are a key part of advancing energy security and the transition toward a carbon-neutral economy, improving energy efficiency, and integrating renewable energy sources into electricity systems, and can play an integral role in balancing power grids and saving surplus energy.