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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 EU energy pocketbook?

The pocketbook covers official energy data for the EU as a whole and per individual EU country. It provides statistical data on energy topics such as import dependencies, renewables deployment, energy intensity, and more.

What is energy storage global conference 2024?

The Energy Storage Global Conference 2024 (ESGC), organised in Brussels by EASE – The European Association for Storage of Energy, as a hybrid event, on 15 - 17 October, gathered over 400 energy storage stakeholders and covered energy storage policies, markets, and technologies.

What is the EU energy platform?

In place since April 2022, the EU Energy Platform plays a crucial role in helping to diversify our energy supply. The Platform helps coordinate infrastructure investments and negotiations with external gas suppliers to prevent EU countries from outbidding each other.

When will EU gas storage capacity reach 80%?

In 2022, EU Member States agreed to fill underground gas storage to 80% of capacity by 1 November 2022. By working together, EU countries surpassed this, instead reaching 95% of gas storage capacity. The yearly target has since been increased, with Member States now expected to reach 90% of capacity by 1 November.

Why should EU countries consider the 'consumer-producer' role of energy storage?

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.