Published on
13/07/2026 - 8:00 GMT+2
European energy ministers signed the EU’s first-ever tripartite agreement on 26 June to expand the bloc’s energy storage capacity and strengthen Europe’s energy security.
Europe wants to reach at least 42.5 per cent of renewable energy production by 2030. Its storage capacity remains insufficient to fully absorb it. The extra energy that Europe cannot store is wasted, forcing it to increase fossil-fuel power generation.
This is why expanding storage capacity is important for absorbing surplus energy from renewables and using it when production drops during off-peak periods. It helps to respond rapidly to increases in energy demand and reduce dependence on fossil fuels, while keeping energy prices affordable for citizens and industries.
