The EC has released its final Electrification Action Plan, reaffirming its belief that the EU needs 200GW of energy storage by 2030.

After months of speculation, the European Commission announced a 46 percent electrification target for the bloc's economy by 2040. The move is intended to cut dependencies on…

The European Commission's Electrification Action Plan aims to raise electrification of final energy demand from 23% to 46% by 2040, cutting annual fossil fuel import costs by an…