Europe s approach to investigating chinese energy storage projects

Should China invest in the European energy sector?

We highlight the significant opportunities for, as well as the political and economic risks of, Chinese investments in the European energy sector. On the one hand, the benefits can be substantial, as China's new role as a global investor offers substantial economic benefits and political partnership.

How does the EU energy crisis affect China's energy storage?

The EU energy crisis has contributed to China's development of these energy storage modes. It is essential to assess the impact of the EU energy crisis on the growth of China's energy strategic storage. From the EU energy crisis research, Halkos et al. analyzed the effect of EU energy crisis on energy poverty.

Does the EU need a comprehensive approach to energy storage?

There must be a comprehensive approach to energy storage at EU level. The report calls on the European Commission to develop a comprehensive strategy on energy storage covering all technologies.

What is the difference between China and the EU energy storage system?

There are differences in the energy storage system between China and the EU. EU countries have established IEA to build the national energy strategic storage, and China's strategic energy storage is less than the EU's.

What are the main energy storage methods in China?

With the development of energy storage technology and the energy market in China , electrochemical energy storage and underground energy storage are the main energy storage methods [4, 5]. The EU energy crisis has contributed to China's development of these energy storage modes.

How can China and the EU prevent the energy crisis?

Based on the above economic model, it is crucial for China and the EU to add strategic energy storage to prevent the energy crisis. The average natural gas storage of the EU is 400 billion m 3, the Russia offers 150 billion m 3 natural gas. To prevent the energy crisis, the EU should store 450 billion m 3 at least to keep the energy supply safe.