SolarPower Europe Champions Hybrid Renewable Systems & Battery Storage
Speaking at a recent summit in Brussels, SolarPower Europe emphasized that investment in energy storage and grid flexibility can structurally decouple the European
Investment in energy storage and grid flexibility, SolarPower Europe told EU energy ministers at a recent summit in Brussels, can structurally decouple the European economy from imported fossil fuels, making energy more affordable, less volatile, and more secure.
As renewable energy continues to expand in Europe, energy storage must keep pace to ensure the grid remains flexible and stable. The Energy Storage Coalition urges the European Commission to develop an Action Plan on Energy Storage, providing much-needed regulatory clarity and supporting Member States in scaling up energy storage capacity.
The new reports underline the potential of solar and storage delivering European energy security and competitiveness. 'Embracing the benefits of Hybrid PV systems' – which includes solar hybrid projects with storage, wind, or both – estimates that hybrid projects have a 10% lower Levelised Cost of Electricity compared to standalone projects.
The Energy Storage Coalition's call aligns with previous European Parliament recommendations, which in 2020 called for a strategy on energy storage. With ongoing electricity market reforms and increasing renewable energy deployment, the time is ripe for a more comprehensive approach to energy storage.
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