The Net-Zero Industrial Act: Analysis of Proposed Measures to Foster Cleantech Manufacturing in Europe
The Net-Zero Industry Act (NZIA), announced by the European Commission on 16 March 2023, aims to increase the EU's domestic manufacturing capacity of cleantech equipment. The NZIA streamlines permitting procedures, incentivizes public procurement of cleantech, ensures a skilled workforce, and fosters innovation through regulatory sandboxes. The act also creates a list of eight key technologies to achieve the EU's climate targets, with batteries and energy storage included. The NZIA establishes that the EU's manufacturing capacity of strategic net-zero technologies should be at least 40% of the Union's annual deployment needs by 2030.
The EASE policy team has worked on this dossier to understand what the impact on the energy storage system will be and prepared an in-depth analysis for the EASE members.