Key facts on energy storage
Different studies have analysed the likely future paths for the deployment of energy storage in Europe. They point to more than 200 GW and 600 GW
They point to more than 200 GW and 600 GW of energy storage capacity by 2030 and 2050 respectively (from roughly 89 GW in 2024, mainly in the form of pumped hydro storage). Compared to 2024, an additional 128GW/300GWh of electrochemical storage is expected to be added to European grids by 2030.
Different studies have analysed the likely future paths for the deployment of energy storage in Europe. They point to more than 200 GW and 600 GW of energy storage capacity by 2030 and 2050 respectively (from roughly 89 GW in 2024, mainly in the form of pumped hydro storage).
This milestone represents enough capacity to meet the peak electricity demand of Germany and the Netherlands. With storage capacity forecast to grow by a further 115% by 2030, this will play a crucial role in Europe's energy transition, creating more space for renewables on the grid.
European energy storage inventory . With the common target of 20 % renewable energy use by 2020 and 42.5 % by 2030, many Member States have introduced economic support programmes for renewable generation. In this context, PSH systems could facilitate their expansion.
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