The European Electricity Grids Initiative (EEGI) has conducted a mapping of all storage projects currently taking place all over Europe, highlighting intense activity. The mapping is a major input towards the European Commission’s Horizon 2020 funding programme, so its findings will soon be translated into actions.
Peter Verboven, innovation developer, Smart Grids of EnergyVille, Belgium, will present an overview of the major developments and investments on the continent and will highlight the gaps that still need to be addressed during European Utility Week. In his opinion, we have finally seen real progress in the development and rollout of smart grids.
Although there are many challenges that still remain, the technology that underpins it all is in place, except for one area. The one area that still needs substantial development is storage technology and solutions. The current generation of solutions is not always cost-competitive, suffers from limited energy density or capacity, and grid integration may prove problematic.
Europe will only be able to fully balance and manage its grids and all the renewables connected to it if there is sufficient buffer capacity available, according to Verboven. Fortunately the interest in storage has surged over the past two years and lots of exciting developments are taking place. To hear more, register for European Utility Week’s track on Renewable Energy Integration & Energy Storage.
The topics addressed include technology development, business models, regulatory aspects and grid services rendered by storage and financing. Energy Storage Report readers get a 10% discount on the conference fee or have FREE entrance to the exhibition, so register now to make sure you don’t miss out.