Energy Storage Coalition launched - more flexibility to help decarbonise Europe

On 4 May 2023 the Energy Storage Coalition, a new organisation aimed at accelerating the decarbonisation of the European energy system by increasing the deployment of sustainable and clean energy storage solutions to support renewables, hosted its launch event.

The event was attended by over 150 policymakers, industry and associations representatives. It provided an opportunity to discuss how the upcoming EU Electricity Market Design can address today’s barriers to the deployment and use of energy storage technologies in Europe.

The keynote speaker, Kadri Simson, European Commissioner for Energy, presented the work of the European Commission to foster renewable energy sources and energy storage deployment, particularly in the context of the upcoming EU Electricity Market Design revision. The Commissioner emphasised that energy storage is key to building a future-proof, resilient and decarbonised energy system and the Energy Storage Coalition is a welcome development, and will be an important interlocutor going forward.

The Coalition partners presented how energy storage can provide the flexibility needed to ensure the European Union meets its decarbonisation targets, strengthens energy security, and achieves lower energy prices.

The event facilitated a fruitful discussion on how upcoming legislation will accelerate a surge in renewables and energy storage, and demonstrated the need to reform the electricity market design to ensure energy security, that must be achieved through non-fossil solutions.

The event showcased the growing importance of energy storage in Europe’s energy transition, and the role it can play in achieving a sustainable, low-carbon future. All speakers agreed that it is paramount to increase the resilience of Europe’s energy system and ensure affordable electricity to protect consumers.