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The ninth edition of the European Market Monitor on Energy Storage (EMMES) by the European Association for Storage of Energy (EASE) and LCP Delta, is
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Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023. The eighth annual edition of the European Market Monitor on Energy Storage (EMMES) was published last week by consultancy LCP Delta and the European Association for Storage of Energy (EASE).
EU energy storage initiatives are a key part of advancing energy security and the transition toward a carbon-neutral economy, improving energy efficiency, and integrating renewable energy sources into electricity systems, and can play an integral role in balancing power grids and saving surplus energy.
Topsoni noted a “shift in policy trends,” had occurred in 2023, from national policymakers in Europe being focused previously on setting basic frameworks for increased market participation of storage, by adding new revenue streams and opening up markets to aggregation and other business models.
The European Commission in 2020 published a study on energy storage, which summarized some previous studies and reports, explored current and potential energy storage markets in Europe, and set out policy and regulatory recommendations for energy storage.
Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023, according to consultancy LCP Delta.
The key regulations relevant for energy storage in the EU include the following: Focus of EU Regulation The EU regulation of energy storage is generally spread across a number of regulatory acts, many of which require implementation at the level of the EU member states.