The EU’s plan to triple energy storage as renewable power is wasted

Published on

16/07/2026 - 8:15 GMT+2

The deal, signed on 26 June in Luxembourg, brings together the European Commission, 22 member states, storage developers and manufacturers, and financial institutions including the European Investment Bank.

The Commission has stressed that energy storage is now "indispensable" to the EU's energy system.

Europe currently has around 55 gigawatts of storage capacity. The goal is to reach 200 gigawatts by 2030, with an interim target of 30 to 35 gigawatts by 2028. The share of storage in peak power demand is expected to double from 5 percent to 10 percent.