Why is Europe wasting clean energy? - Projects to expand energy storage launch
Europe is producing more renewable electricity than ever before, but much of it can't be used when demand is highest. That's why EU governments are developing a new initiative to expand energy storage, hoping to make clean energy reliable and reduce reliance on fossil fuels.
In the EU, excess renewable electricity is sometimes wasted because there is not enough capacity to store it until it is needed. Fossil fuel power plants are still needed when renewable energy production falls. Demand for electricity is growing, from electric vehicles, heat pumps and data centres driven by artificial intelligence. Expanding energy storage has become increasingly important to keep the energy system reliable and green.
EU energy ministers signed the bloc’s first-ever tripartite agreement on energy storage on June 26, bringing together member states, industry and financial institutions. Twenty-two countries pledged to add 30-35 gigawatts of new storage capacity by 2028, contributing towards the EU’s target of reaching 200 gigawatts by 2030, compared to around 55 gigawatts today.
The agreement aims to accelerate investment in batteries, pumped hydro, thermal storage and other technologies that can capture excess renewable electricity and release it when demand increases. Member states also pledged to remove regulatory barriers, improve planning and permitting, and mobilise public and private financing.
Although the commitments are voluntary, the EU hopes the initiative will reduce the loss of renewable energy, strengthen energy security, stabilize electricity prices and support its transition away from fossil fuels.
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