The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.
In its latest effort to support the deployment of energy storage in Europe, the European Commission adopted its “Recommendation on Energy Storage – Underpinning a decarbonised and secure EU energy system,” on March 14, 2023. It addresses the most pressing issues to help accelerate the broad deployment of energy storage by the EU member states.
A Commission Recommendation on energy storage (C/2023/1729) was adopted in March 2023. It addresses the most important issues contributing to the broader deployment of energy storage.
Looking forward, the International Energy Agency (IEA) expects global installed storage capacity to expand by 56% in the next 5 years to reach over 270 GW by 2026. Different studies have analysed the likely future paths for the deployment of energy storage in the EU.
These studies point to more than 200 GW and 600 GW of energy storage capacity by 2030 and 2050 respectively (from roughly 60 GW in 2022, mainly in the form of pumped hydro storage). The EU needs a strong, sustainable, and resilient industrial value chain for energy-storage technologies.
It addresses the most important issues contributing to the broader deployment of energy storage. EU countries should consider the double 'consumer-producer' role of storage by applying the EU electricity regulatory framework and by removing barriers, including avoiding double taxation and facilitating smooth permitting procedures.