EASE has responded to the European Commission's Public Consultation on 'Renewable Energy Projects - Permit-Granting Processes & Power Purchase Agreements . This initiative aims to facilitate renewable energy production projects. It will focus on the key barriers to implementing renewable energy projects and outline good practices addressing the identified barriers and good practices to facilitate power-purchase agreements, including across borders.
June 2022 / Reports and Studies
Energy Storage Targets 2030 and 2050
EASE has published an extensive review study for estimating Energy Storage Targets for 2030 and 2050which will drive thenecessary boost in storage deployment urgently needed today. Current market trajectories for storage deployment are significantly underestimating the system needs for energy storage. If we continue at historic deployment rates Europe will not be able to integrate the rapidly growing renewables and will fall short of its 2030 and 2050 climate targets.
In this report we highlight a number of areas in which storage needs are underestimated and find that many studies do not address all key energy storage technologies and durations, often undervaluing low emission technologies and energy shifting resources and overvaluing the use of fossil fuel plants especially in the 2030-time horizon. Furthermore, storage needs must be aligned with existing climate targets today especially as storage is a key enabler for the accelerated renewable buildout foreseen in Europe.
We account for these points in our target estimates for 2030 and 2050 and based on our analysis storage deployment needs to ramp-up to at least 14 GW/year in order to meet a target of approx. 200 GW by 2030.By 2050 at least 600 GW storage will be needed in the energy system, with over two-thirds of this being provided by energy shifting technologies (power-to-X-to-power). Our report is an important source of information for informing key assumptions for storage in future energy system planning.
Energy storage needs to become a political priority alongside renewables, without a parallel storage strategy and scaling up of market-ready energy storage technologies, the EU will be unable to achieve a net-zero power system, risking continued exposure to volatile fossil energy markets. We emphasisethese key priorities for storage:
A clear political commitment from the European Commission on an energy storage strategy including energy storage targets replicating in scope and ambition the Hydrogen strategy.
Promote the uptake of energy storage technologies, providing clear signals to investors and the energy storage industry to drive the necessary scale-up of storage solutions and a commitment to remove still existing barriers to their deployment and operation.
Mainstream energy storage in the European Commission’s implementation of the REPowerEU action plan and in the ongoing review of the Electricity Market Design.
EASE has responded to the European Commission's Public Consultation on 'Renewable Energy Projects - Permit-Granting Processes & Power Purchase Agreements . This initiative aims to facilitate renewable energy production projects. It will focus on the key barriers to implementing renewable energy projects and outline good practices addressing the identified barriers and good practices to facilitate power-purchase agreements, including across borders.
EASE has prepared a position paper on the proposal of the Energy Market Design revision, by outlining the key position of EASE on how to enhance the proposal and make non-fossil flexibility a central component of the new decarbonised energy system. On March 14, 2023, the European Commission released a proposed reform of the Electricity Market Design, which has the potential to significantly impact the energy storage sector.
EASE and LCP-Delta are pleased to announce the publication of the seventh edition of the European Market Monitor on Energy Storage (EMMES). The Market Monitor is based on the most extensive database of European energy storage projects. The database of over 2,600 projects includes detailed data on current installations by customer segment (residential, C&I and front-of-meter) across 24 European countries, future projects and forecasts to 2030.
EASE has published its 2022 Activity Report. In 2022, safeguarding our Energy Security became an urgent priority, underscored by geopolitical instability and the increasing pace of the climate crisis. At EASE, we have continued to push for the deployment of Energy Storage, which is key to secure an independent access to energy, whilst paving the way for a carbon neutral economy.
EASE has responded to the European Commission's Public Consultation on the Revision of the EU’s Electricity Market Design. This initiative aims to review the current electricity market design and identify areas for improvement that could support the integration of renewable energy sources, while ensuring security of supply and keep prices affordable for consumers.
