Eu Approves €20 Million State Aid To Energy Storage

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    EU energy storage initiatives are a key part of advancing energy security and the transition toward a carbon-neutral economy, improving energy efficiency, and integrating renewable energy sources into electricity systems, and can play an integral role in balancing power grids and saving surplus energy.

    How will the European Commission support large-scale energy storage in Spain?

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    What is the European Commission doing about energy storage?

    The European Commission in 2020 published a study on energy storage, which summarized some previous studies and reports, explored current and potential energy storage markets in Europe, and set out policy and regulatory recommendations for energy storage.

    Will Spain be able to deploy large-scale electricity storage?

    The European Commission has approved a new aid scheme that will allow Spain to deploy large-scale electricity storage, both in hybridisation with renewable energy facilities and stand-alone and thermal.

    Can Spain deploy large-scale energy storage with co-financing of 85%?

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    Why is European energy storage important?

    This is particularly important in the context of EU energy security and the transition away from fossil fuels for both environmental and geopolitical reasons. To help track this growing industry, the European Union has created a comprehensive database of the European energy storage technologies and facilities.

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