14.03.2023 / Press Releases
On the 14 March 2023, the European Commission unveiled communication on the Electricity Market Design Revision, which recognises the crucial role of energy storage in enabling the deployment of renewable energy and reducing dependence on fossil generation.
16.03.2023 / Press Releases
Energy Storage Is a “Net-Zero Strategic Technology”, but an EU Strategy Must Follow
16 March 2023: EASE – The European Association for Storage of Energy welcomes the proposed Net-Zero Industrial Act. It is encouraging to see that not only batteries, but all energy storage has been included as a Net-Zero Strategic Technology.
The inclusion of energy storage in the proposed Net-Zero Industrial Act is a welcome development, as it is a core strategic industry for Europe. Deploying enough storage capacity by 2030 and 2050 is crucial to meeting renewables and decarbonisation targets while ensuring energy security.
The definition of net-zero technology encompasses both electricity and heat storage. EASE welcome the Commission’s effort guarantee technology neutrality and a level-playing field for energy storage. Nonetheless, it is key to ensure that the definition of energy storage is in line with the Clean Energy Package, to ensure no technologies are unfairly excluded – e.g. those revolving around cooling.
The recognition of energy storage's industrial potential is an opportunity to unlock jobs and investments across all Member States and make Europe the first net-zero continent. Shorter permitting with one-stop-shops, better access to financing for manufacturing, the possibility to easily employ skilled workers, and the introduction of regulatory sandboxes – that can benefit smaller and bigger players alike - are excellent measures.
Still, if the European Union aims to attract capital investment, an EU-wide energy storage strategy is needed. It would complement the Net-Zero Industry Act, providing a clear political commitment and long-term investment signals.