Innovative energy storage solutions will play an important role in ensuring the integration of renewable energy sources into the grid in the EU at the lowest cost, according to the study “Contribution to the security of the electricity supply in Europe” recently released by the European Commission.
A few take-aways from this paper:
-The main energy storage reservoir in the EU at the moment is pumped hydro storage.
-However, as prices fall, new battery technology projects are emerging – such as lithium-ion batteries and behind-the-meter storage.
-By 2030, up to 108 GW of electricity storage would be necessary for the EU28, with a large development of stationary batteries.
You can read and download the full report here.