Energy storage is by no means a new topic of discussion, but its importance in the renewable energy mix seems to be growing year-on-year. Now, it seems that we still have a ways to go if we’re to achieve EU’s energy and climate targets, namely obtaining energy security and the decarbonization of the sector. Are we up to the task? It remains to be seen. However, there are several projects worth mentioning, a number of ongoing investments that require more press time and a couple of laws that we have to change in order to streamline the process. Let’s see what’s what! Directives As mentioned above, Europe’s goal is to store energy so that it can be used at a later date, where and when it is more needed. Still, in order to rapidly deploy an increased share of renewable energy resources, we’ll require a bit more flexibility in adapting to the grid’s ever-changing needs. The solutions would then adjust demand and supply via storing excess electricity in large quantities over diverse time periods. As we speak, Europe’s main energy storage method is ‘pumped hydro’ storage. At the same time, we’re seeing more and more emerging battery storage projects and a variety of newer technologies which are quickly becoming competitive on the market. Taking into account the EU Commission’s recommendations on energy storage, the members should seriously consider the ‘consumer-producer’ double role by applying the regulatory framework provided by the Union and eliminating any barriers, such as double taxation. If we’re talking about financing, the goal should be the increase of both predictability of revenues and long-term visibility for investments, for example by allowing storage operators to receive remunerations for specific services provided at present. Competitive bidding procedures are among the other instruments which were mentioned in the official recommendations. In what pertains to batteries, the new regulation, entered into effect on the 17th of August 2023, stipulated that they should be collected, reused and recycled. By 2025, the new standard will be represented by declaration requirements, performance classes and new maximum limits on the carbon footprint of EVs, scooters, e-bikes and rechargeable industrial batteries. By 2027, consumers should be able to replace and remove portable batteries at any point of the life cycle. According to estimations by the EU, the share of renewable energy in the electricity system is estimated to reach approximately 69% by 2030 and as much as 80% come 2050. For this, EU countries will require both a resilient industrial value chain for energy storage tech, but also quick implementation of the following strategies: Identify capacity needs for energy storage technologies and potential financing gaps. Take the necessary actions to remove barriers to the deployment of demand response, as well as behind-the-meter storage. Establish cost-effective processes. Fast track the deployment of storag
Lun. Dic 23rd, 2024
