The European Commission, the executive arm of the European Union (EU), has said countries across the continent should be encouraged to deploy energy storage. The group has said storage will support the integration of renewable energy resources to the grid, and increase power system flexibility.
The use of energy storage also is key to Europe’s decarbonization strategy, as countries move away from fossil fuels. The market for energy storage systems in Europe is forecast to grow by $30 billion from this year to 2031, according to Statista. The group said the market was valued at about…