New policy for exporting solar energy storage batteries to europe

Does Europe have a battery storage market?

Europe’s annual battery storage deployments doubled in 2023, but the pace of adoption is still much slower than required, according to SolarPower Europe. The continental trade association for solar PV industries published new analysis of the sector in its report, European Market Outlook for Battery Storage 2024-2028.

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 new EU Battery regulation?

The new EU Battery Regulation aims to make the battery value chain more sustainable. To support this goal, the JRC contributed to the preparation and negotiation of the Regulation and will continue to provide technical support for its implementation from 2024 onwards.

Why is energy storage important in the EU?

It can also facilitate the electrification of different economic sectors, notably buildings and transport. The main energy storage method in the EU is by far 'pumped hydro' storage, but battery storage projects are rising. A variety of new technologies to store energy are also rapidly developing and becoming increasingly market-competitive.

What is batteries Europe?

Batteries Europe, launched in 2019, is the technology and innovation platform of the European Battery Alliance, run jointly by the Commission and stakeholders in the battery industry.

Is battery storage the key to integrating renewables on the grid?

SolarPower Europe said that with around 40% of energy consumption across the continent being met by renewable energy sources, battery storage is increasingly becoming the most crucial tool for integrating renewables on the grid.