Energy Storage News•about 7 hours ago
EU ‘Made in Europe’ regulation welcomed but ‘will not remove dependency on China’
Key Takeaway
European developers and large power consumers should anticipate supply chain shifts and potential cost implications for energy storage projects due to new domestic content requirements, which may not fully eliminate reliance on Chinese components.
AI Summary
- •The European Commission (EC) is proposing new domestic content requirements for energy storage.
- •This policy is expected to significantly impact the European energy storage industry, potentially affecting project costs and supply chain strategies for developers and large power consumers.
- •Despite the 'Made in Europe' initiative, the EU's overall dependence on China for energy storage components is not expected to be fully removed.
Topics
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