Electricity storage covers a range of technologies that can deploy at different scales and provide output for different durations. This includes lithium-ion battery storage and pumped hydro storage as well as emerging technologies including liquid air energy storage and flow batteries.
The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.
Long Duration Electricity Storage (LDES) technologies contribute to decarbonising and making our energy system more resilient by storing electricity and releasing it when needed. LDES can also help reduce costs for consumers through reducing their bills and by avoiding the need for expensive electricity grid upgrades.
Ofgem is the regulator for Long Duration Electricity Storage and oversees implementation of a 'cap and floor' regime for LDES projects, proposed by the Department for Energy Security and Net Zero (DESNZ). The aim of this regime is to stimulate investment in Long Duration Electricity Storage projects.
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Recommendations on energy storage
The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU''s …
EUROPEAN COMMISSION
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