Battery storage: perhaps not as big as pumped hydro, but certainly quicker and easier to build. Image: Fluence.
There is growing consensus from European Union policymakers and regulators that energy storage is vital to securing affordable and low carbon energy, but the technologies still face market challenges.
As a relatively new and complex technology with a wide variety of different use cases open to it, battery-based energy storage isn’t yet being made the most of, Lars Stephan, policy and market development manager for Fluence, told Energy-Storage.news.
In May, as the European Union (EU) launched REPowerEU, the energy storage industry’s initial disappointment at being excluded from an early leaked draft of the document – which set out pathways to reduce dependence on Russian gas and accelerate decarbonisation – gave way to a more positive…