Commodities
Home›Commodities›Energy›EU moves to triple energy storage capacity amid renewa…
EU moves to triple energy storage capacity amid renewable curtailment
The bloc has about 55 gigawatt-hours of storage today, while officials estimate it will need 200 gigawatt-hours by 2030.
Europe is working to expand wind and solar capacity, but energy storage has not kept pace, contributing to wasted surplus power during peak production hours and more frequent negative energy prices, OilPrice reports.
OilPrice says EU energy ministers last month signed an agreement aimed at addressing the shortfall by tripling the bloc’s energy storage capacity, as Europe faces a third energy crisis in four years.
The outlet reports the EU estimates it will need 200 gigawatt-hours of storage capacity by 2030, compared with roughly 55 gigawatt-hours currently.
Under the agreement, member states have pledged to add about 30 to 35 gigawatt-hours of new storage capacity by 2028, with SolarPowerEurope CEO Walburga Hemetsberger describing the move as turning storage into a delivery priority.