Battery energy storage systems, perfect allies for Europe’s energy transition
The large-scale integration of renewable power sources in European grids marks a significant transition in the energy landscape and plays a central role in advancing Europe’s net zero ambitions.
But the inherent variability for these sources makes the management of the grid much more challenging if the targets set by the EU and US governments for demand coverage by renewables are to be met.
In the EU, the Renewable Energy Directive was recently revised to raise the EU’s binding renewable target for 2030 to a minimum of 42.5%, up from the previous target of 32% and almost double the share that currently comes from renewable sources.
To meet these ambitious targets while ensuring supply reliability will require major investment in digital technologies and new assets to provide more flexibility in power generation and meet demand requirements.
By 2030, the EU predicts €170bn will need to be spent on digital technologies to upgrade European grids. Within this scenario, Battery Energy Storage Systems (BESS) have emerged as a leading business opportunity.
Download report