European Energy Storage Market: Policy, Deployment & Business Cases

This document provides a comprehensive overview of the European energy storage market, presented by Patrick Clerens, Secretary General of Energy Storage Europe. It covers the organization's role, the current state of energy storage driven by decarbonization goals and REPowerEU, and the rapid uptake of renewables across Europe. Key statistics include 100 GW of installed storage capacity and projections of an additional 128 GW/300 GWh of electrochemical storage by 2030. The document delves into EU political developments, including the Batteries Regulation with PFAS ban proposals and recycled content targets, the Industrial Accelerator Act's 'Made in Europe' requirements and foreign direct investment rules, long-duration energy storage trends, and cybersecurity frameworks like NIS2 and the Cyber Resilience Act. Revenue and business cases are also discussed, highlighting the need for flexibility revenues and electrification-driven use cases. The conclusion emphasizes energy storage as a cost-effective solution for grid strain and energy security.