Southern Europe Energy Storage New Energy

What is the European energy storage inventory?

A new interactive platform delivers real-time clean energy storage insights as Europe shifts toward sustainable energy sources. Energy storage helps to balance supply and demand. The European Energy Storage Inventory is the first of its kind at European level to show all forms of clean energy storage solutions.

How can the EU save energy?

With adequate growth in electricity storage, demand side flexibility and cross-border interconnectivity to help take advantage of abundant home-grown clean power, the EU could reduce fossil dependance, avoid costly energy imports, and protect consumers and businesses from volatile international energy prices.

How does solar power affect battery storage in the EU?

Years of strong solar growth and high gas prices have increased electricity price volatility across the EU, strengthening opportunities for battery storage. In turn, batteries can increase power demand at peak solar times, supporting solar revenues.

What is the EU energy technology inventory?

The inventory provides policymakers with up-to-date data to shape energy security strategies and the EU's revised Strategic Energy Technology Plan (SET Plan). The inventory also has the potential to feed into the Clean Energy Technology Observatory, ensuring that storage trends are considered in EU-wide energy technology assessments.

Could the EU save €9bn by capturing excess wind and solar?

In 2030, the EU could avoid gas costs worth €9bn by capturing excess wind and solar. Between August 2023 and July 2024, nine EU countries saw solar alone exceeding 80% of their hourly domestic demand. Germany could have avoided 36 GWh of expensive fossil power and up to €2.5mn fuel costs in June 2024 alone with 2 GW more of additional batteries.

How can the EU benefit from home-grown wind & solar?

Sebastian Kahnert/ dpa picture alliance / Alamy Stock Photo Coupling renewables and clean flexibility growth, the EU can benefit from abundant home-grown wind and solar, reduce dependence on imported fossil energy, and avoid costs.