Investigating Europe''s energy storage financing landscape

According to Eurelectric''s Decarbonisation Speedways study from 2023, the financing required to support a major and much-needed step-up in energy storage systems leading to 2050 is estimated between €100 billion ($108.2 billion) and €300 billion ($324.5 billion). To paint an image of what this represents, Europe''s electricity sector ...

Customer Service
Northvolt in new sodium-ion battery breakthrough

Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition. The ...

Customer Service
Europe Archives

5 · Massive growth potential continues for battery storage in UK and Ireland, co-location emerging. June 28, 2024. The UK and Ireland''s energy storage pipeline is rapidly growing, with co-located solar PV and storage comprising around 20% of planned capacity, writes Mollie McCorkindale of Solar Media Market Research.

Customer Service
EU report details importance of hydropower and pumped storage

Worldwide, pumped hydropower storage (PHS) provides regulation, spinning reserve, and about 96% of utility scale energy storage. In the European Union (EU), hydropower installed capacity in 2022 was 152 GW and generated 374 TWh (including PHS). The EU hosts 46 GW of PHS capacity, which is a quarter of the global installed …

Customer Service
A Big Push for Energy Storage in Europe

In its latest effort to support the deployment of energy storage in Europe, the European Commission adopted its "Recommendation on Energy Storage – Underpinning a …

Customer Service
The European Association for Storage of Energy

EASE and LCP-Delta are pleased to announce the publication of the eighth edition of the European Market Monitor on Energy Storage (EMMES). The Market Monitor is an interactive database that tracks over 3,000 energy …

Customer Service
New energy storage technologies hold key to renewable transition

It totalled $910mn in 2021, a jump from $130mn in 2018, according to the LDES Council, although it reckons a cumulative $1.5tn-$3tn worth of investment between 2022 and 2040 will be needed to ...

Customer Service
Spain provides financial support for 600 MW of utility-scale storage …

The Spanish government say it will finance five hybrid battery energy storage projects, with a cumulative installed capacity of at least 600 MW. Each project can secure up to €15 million ($15.68 ...

Customer Service
Policies to promote electric vehicle deployment – Global EV Outlook 2021 – Analysis

Canada China European Union India Japan United States Regulations vehicles ZEV mandate British Columbia: 10% ZEV sales by 2025, 30% by 2030 and 100% by 2040. Québec: 9.5% EV credits in 2020, 22% in 2025. New Energy Vehicle dual credit system: 10-12% EV credits in 2019-2020 and 14-18% in 2021-2023. ...

Customer Service
EU Assistance to Ukraine (in U.S. Dollars) | EEAS

Last updated June 25, 2024. To view a PDF version, please click here. The European Union (EU) and our 27 Member States remain united and determined in our unprecedented support for Ukraine. Since the start of the war, the EU and our Member States have made available close to $110 billion* in financial, military, humanitarian, and …

Customer Service
Investigating Europe''s energy storage financing landscape

According to Eurelectric''s Decarbonisation Speedways study from 2023, the financing required to support a major and much-needed step-up in energy storage …

Customer Service
The Energy Storage Report

Aquila was one of the first movers in the Belgian BESS market and launched its first operational project in Germany in December, a solar-plus-storage system in Lower Saxony with a 6.9MWh BESS, while actively targeting Italy and Poland and Australia. We hear from its director for energy storage Kilian Leykam.

Customer Service
American Battery Solutions, Inc. Launches Energy Storage Solutions Division and Product Line

LAKE ORION, Mich., Aug. 18, 2022 (GLOBE NEWSWIRE) — Today, American Battery Solutions, Inc. – one of the nation''s leading commercial and industrial advanced battery systems manufacturers – is pleased to announce its new Energy Storage System division, branded ABS ESS. ABS ESS is unveiling TeraStor™, its new lithium-ion …

Customer Service
Energy financing and funding – World Energy Investment 2020 – Analysis

Among the top 25 listed energy companies, by capital expenditure, investors accounted for nearly USD 1 trillion, or 25%, of the market value of these firms, as of early 2020. Excluding Saudi Aramco, whose initial public offering took place in late 2019, the capital markets represented nearly 40% of ownership.

Customer Service
EUR-Lex

COMMISSION RECOMMENDATION. of 14 March 2023. on Energy Storage – Underpinning a decarbonised and secure EU energy system. (2023/C 103/01) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 292 thereof, Whereas: (1) The Commission has …

Customer Service
Energy storage and the EU: the push for carbon neutrality is underway

February 3, 2020. Energy storage is, in fact, a very traditional technical solution for driving up the efficiency of every energy network. This old ''trick'' of common sense is currently experiencing a revival as a key technology for the transformation of the energy system in the European Union to combat climate change in Europe.

Customer Service
EASE: ''Energy storage for European Union''s energy challenges''

Trade association EASE has urged policymakers to recognise the vital role energy storage can play in solving energy sector challenges as European Union (EU) elections take place. With EU elections underway from 6-9 June, EASE—the European Association for Storage of Energy—sent out a media alert regarding a ''manifesto'' it …

Customer Service
The Energy Storage Report

The Energy Storage Report, the supplemental publication for Solar Media''s Energy Storage Summit EU and USA events. In it, you''ll find the best of our energy storage …

Customer Service
Financial calendar

Global HQ European Energy A/S Gyngemose Parkvej 50 2860 Søborg, Denmark Reg. no. 18351331 Phone: +45 88 70 82 16

Customer Service
Five things we learned at the Energy Storage Summit 2023

March 7, 2023. The keynote panel on Day 2 consider the role of energy storage for the UK''s energy security. Image: Gareth Davies / Solar Media. The Energy Storage Summit 2023, hosted by our publisher Solar Media in London last month, was attended by more than a thousand delegates and featured a veritable who''s-who of the sector.

Customer Service
Recurrent Energy secures €1.3 billion financing for European …

Recurrent Energy, a developer of utility-scale solar and energy storage assets based in Austin, Texas, has secured a multi-currency revolving credit facility valued at up to €1.3 billion ($1.41 ...

Customer Service
Spot the difference: Europe and North America''s …

How about the scope for businesses to reduce their electricity costs using energy storage, as we''ve seen in the US with the success of commercial and industrial (C&I) energy storage to reduce …

Customer Service
European Commission and U.S. Department of Energy support …

On 14 March 2022, the Commission and the U.S. Department of Energy (DOE) announced support for a collaboration between the European Battery Alliance and the U.S. Li …

Customer Service
European and Chinese energy groups race to lock in LNG shipments from US

Together Europe and China accounted for nearly 40 per cent of the US''s LNG supply contracts agreed between 2021 and late June 2023, data from S&P Global Commodity Insights showed. China ...

Customer Service
Energy storage in Europe: Poised for greater role in power …

With the latest policy push, the European storage market is poised for an accelerated take off. According to previous forecasts by Wood Mackenzie, Europe''s grid-scale energy storage capacity is expected to expand 20-fold by 2031 to reach 45 GW/89 GWh. Of this, the top 10 markets are expected to contribute to 90 per cent of the new …

Customer Service
America, Europe & Asia-Pacific powered 74% of distributed energy storage

Clarion North America Energy announces partnership with US Energy Storage Association "Much of the early success in these regions is the result of financial incentives and government support for energy storage and other DER," says Ricardo F. Rodriguez, research analyst with Navigant Research.

Customer Service
Europe installed 10GW of energy storage in 2023

Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023. The eighth annual edition of the European Market Monitor on Energy Storage (EMMES) was published last week by consultancy LCP Delta and the European Association for Storage of Energy (EASE). capacity market, …

Customer Service
Energy Storage in North America: US market takes the lead

The energy storage industry in North America is surging ahead, driven by the record growth in the US during the past year. Notably, the COVID-19 pandemic has not stalled the momentum in growth of the sector. It is rather serving as a means to holding up the country''s economic prospects. During 2020, 1,464 MW/3,487 MWh of new storage …

Customer Service
Commission recommendations on how to exploit the …

The Commission has published today a series of recommendations on energy storage, with concrete actions that EU countries can take to ensure its greater deployment. Analysis has shown …

Customer Service
How much electrical energy storage do we need? A synthesis for the U.S., Europe…

2.3. Admissible scenarios The explored studies contain 527 scenarios. Not all scenarios are suitable, however, for comparison. We excluded those that differ significantly in their spatial scope from the majority of the reviewed body of literature. These are (Bussaret al, 2015, Bussaret al, 2016), who combined Europe, Middle East, and …

Customer Service
Energy support policies: putting the EU on a low-carbon path?

Energy support policies: ... '' Energy support measures and their impact on innovation in the renewable energy sector in Europe '' is a new report published by the European Environment Agency (EEA). Subsidies play an important role in sending signals to the energy market. Support for renewable energy has increased in recent years, …

Customer Service
Panama to launch 500MW renewables and energy storage auction

Image: Luis Gonzalez via Unsplash. Panama''s national secretary of energy has launched its first bidding auction exclusively for renewables and energy storage. The bidding process – held by the ...

Customer Service
European Commission and U.S. Department of Energy support collaboration between the European …

Batteries are critical to a clean energy economy. They help decarbonise the transport and energy sectors, by electrifying vehicles and providing stationary storage for the renewable-powered grid. Advancing the battery supply chain therefore requires an all-hands-on-deck, global approach.

Customer Service
Europe: Rising battery storage markets

February 28, 2024. German developer Eco Stor is planning this 300MW/600MWh BESS project in its home country, a market that is, Anna Darmani said, "really taking off". Image: Eco Stor. In Europe, Germany and Spain are among the energy storage markets that clients are most keen to learn more about, according to Wood Mackenzie analyst Anna ...

Customer Service
Policy Priorities | EASE: Why Energy Storage? | EASE

EASE also seeks to address pressing issues such as sustainability and safety of energy storage technologies. European Association. for Storage of Energy. Avenue Adolphe Lacomblé 59/8. 1030 Brussels. tel. +32.2.743.29.82. info@ease-storage . contact us. become a member.

Customer Service