Energy storage can help improve supply security and decarbonization in the EU
At all times, the consumption of electricity must be perfectly matched with the generation of electricity. This balance is necessary for all grids to maintain a stable and secure supply. Energy storage can stabilize fluctuations in demand and supply by allowing excess power to be stored in large quantities over different time periods, from fast storage in seconds to longer storage in days.
Storage and Supply Security
Energy storage plays a key role in the transition to a carbon-neutral economy, addressing several of the core principles of the "Clean Energy for All Europeans" package. It represents a concrete means of improving energy efficiency and integrating more renewable energy into the power system by balancing the grid and saving surplus energy, but it will also help strengthen European energy security and create a well-functioning environment for consumers , a lower price internal market.
EU initiative on batteries
As electrification will be one of the main paths to decarbonisation, batteries as power storage devices will be one of the key drivers of a low carbon economy.
Given their ability to integrate more renewable energy sources into our energy systems and their ability to green the industrial and transport sectors, and have spillover effects on the electrification of many other sectors, global demand for batteries is expected to grow in the coming weeks. The rapid annual growth makes the battery market a very strategic market.
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