Energy Storage News•about 1 month ago
AccelerateEU ‘emergency toolbox’ policy on fossil fuel dependence falls short on energy storage, trade groups say
Key Takeaway
The EU's new policy to reduce fossil fuel reliance is criticized for insufficient energy storage provisions, signaling potential gaps in future market opportunities and grid stability for developers and large consumers.
AI Summary
- •The AccelerateEU 'emergency toolbox' policy aims to reduce the EU's reliance on fossil fuels and mitigate energy price volatility.
- •Clean energy associations welcome the policy's intent but criticize its inadequate provisions for energy storage.
- •This perceived shortfall in energy storage policy could impact future investment signals for storage developers and the long-term stability and cost-effectiveness of energy supply for large power consumers.
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