EU approves 45 GW energy storage target in bid to reduce gas exposure

AI Summary

The European Union has approved a 45 GW energy storage target to reduce reliance on gas. This involves commitments from member states, developers, and investors, with anticipated increases in manufacturing and commercial & industrial sector expansion.

Tripartite agreement puts new energy storage obligations on 22 member states, while renewable and energy storage developers commit to robust deployment pipeline, and multinational investors prepare to assign more capital to segment. More funds for EU manufacturing anticipated plus significant C&I segment expansion. The post EU approves 45 GW energy storage target in bid to reduce gas exposure appeared first on pv magazine Global.