September 2023 / Policy Papers
Thermal Energy Storage
EASE has prepared a paper that aims to shed light on the numerous benefits of thermal energy storage (TES) by providing an overview of technologies, inspiring projects, business cases, and revenue streams. Policy recommendations are also discussed.
With renewable energy projected to constitute 69% of the EU's electricity mix by 2030, TES emerges as a crucial solution to address energy demand, grid stability, and decarbonization challenges. As Europe steers towards a carbon-neutral future, TES is positioned to bridge the gap between the current energy landscape and the renewable energy targets set for 2030 and 2050.
TES technologies are set to play an integral role in Europe's transition to renewable energy dominance, offering longer-duration storage solutions and reducing reliance on fossil fuels. As the EU pursues climate neutrality and energy security, TES deserves greater recognition and integration into energy policy to support the EU long-term energy goals.