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Why is energy storage important in Europe?
In Europe, there is a growing consensus amongst policymakers that energy storage is crucial to securing affordable and low carbon energy. In May 2022, European Union launched their REPowerEU plan, a part of the European Green Deal, which mandates that 45% of Europe's energy generation needs to come from renewable sources by 2030.
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Who is leading energy storage innovation in Europe?
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Which companies are accelerating energy storage?
Because of the growing importance of energy storage, Storm4 decided to spotlight six companies in the European market that are accelerating the sector. Founded in 2016 and based in Stockholm, Sweden, Nortvolt is an operator of lithium-ion battery plants intended to produce batteries for variety of solutions, including evs and battery storage.
Who is Polarium and VoltStorage?
In 2021, Polarium launched a partnership with Northvolt, to develop solutions for the telecom industry. Based in Munich, Germany and founded in 2016, Voltstorage is a developer and maker of energy storage systems using vanadium flow batteries. The focus primarily on long duration storage and commercial storage systems.
Where does SSE Renewables operate?
SSE Renewables operates across the United Kingdom, Ireland, Continental Europe, and Japan. ENGIE UK is a utility company and Independent Power Producer (IPP) specializing in renewable energy generation, flexible energy storage, and energy supply solutions for businesses.