As part of the agreement, storage developers will provide yearly estimates of new project capacity while energy-consuming industries have committed to deploying storage on-site.
Member states meanwhile have committed to removing barriers that slow progress, and in some cases will provide financial support for deployments and manufacturing through national and EU funding.
The European Commission, the executive arm of the EU, will support member states to create funding schemes for storage and decarbonising energy-intensive industry.
The aim is to better integrate renewables, reduce curtailment and lower prices. Specifically, it aims to reduce gas demand and ensure storage meets 10% of peak demand, up from 5% in 2025.
It also aims to increase the volumes of storage-tied power purchase agreements (PPAs) from 1.5GW in 2026 to 4.5GW in 2028.
