Ramping up energy storage: lessons for the EU
This paper explores how the EU can enhance its policy for a low-carbon future by learning from successful energy storage approaches in California, South Korea, and Australia. The EU’s decarbonisation goals will involve transformative change, and front and centre of this shift will be the bloc’s most polluting sector: electricity generation. Plans already exist to cut emissions. The EU aims to increase the share of renewables to at least 42.5% of the overall energy mix by 2030, with wind and solar leading the charge. While the targets are there, it is now time to meet them. Energy storage will be critical to ensuring grid stability as wind and solar capacity is increased. Although a relatively new technology, worldwide storage capacity has boomed in recent years, demonstrating how important storage is for ensuring a consistent supply of electricity when the sun sets or the wind stops blowing.