BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Electric Power

EC plans EU-wide energy storage inventory to promote optimal use

Electric Power

Platts M2MS-Power

Commodities | Energy | Electric Power | Emissions | Renewables | Natural Gas | Natural Gas (North American)

Northeast Power and Gas Conference

Agriculture | Sugar

El aumento de la molienda de caña de azúcar en el centro-sur de Brasil supera las estimaciones de los analistas

EC plans EU-wide energy storage inventory to promote optimal use

Brussels — The European Commission has commissioned an EU-wide inventory of energy storage assets and policies to analyze the bloc's storage needs and how to optimize its use across power, gas and heat sectors, an EC official said Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The long-term aim is to develop policy recommendations to put to the next college of EU commissioners who are to decide the EC's legislative work program for the next five years after they take office in November.

"There is a very important need for further investment in storage -- we need more volumes," the EC energy department's head of unit for security of supply, Stefan Moser, told an industry event in Brussels.

"We will not reach our decarbonization objectives without energy storage."

The EU wants to decarbonize its economy by 2050, and has adopted binding 2030 targets to cut CO2 emissions by at least 40%, and source at least 32% of its final energy from renewables.

The EC has commissioned a consultancy to gather data on energy storage assets across the EU, including location, technology, capacity and type, Moser said.

It will also collect information on national governments' energy storage policies and data.

The aim is to look at the scope for regional cooperation and cross-border use of storage assets and assess any barriers - regulatory, fiscal, economic or technical.

"We would like a full inventory of what could be further improved and what good practices could be shared," Moser said.

The EC would also like to quantify how storage can contribute to electricity security of supply, and to see how much energy storage overall is needed.

The inventory work is likely to run into next year, and include extensive discussions with national governments, industry and stakeholders.

-- Siobhan Hall, siobhan.hall@spglobal.com

-- Edited by Dan Lalor, daniel.lalor@spglobal.com