European energy storage needs to reach 600GW by 2050
The European Association of Energy Storage estimates that Europe will require 187 GW of energy storage overall by 2030 and 600 GW by 2050 to reach its environmental targets. The 2030 estimate was released for the first time last month, while the 2050 goal of an 85% renewable mix for the EU is a brand-new projection. Gas turbines provide the balance of the required 811 GW of flexibility capacity.
65GW will be pumped hydro energy storage (much of which already exists), 67GW will be battery storage and other short-duration solutions, and 55GW will be energy storage from batteries with longer durations and other energy storage options.
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