Recording of Tuesday, June 18, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 5:52 .

REPowerEU Initiative Targets Tripling Renewable Energy by 2030, Demands Major Storage Investments

In 1922, amidst geopolitical tensions with Russia and Ukraine, Europe faced the need to reduce dependency on imported Russian gas. The European Commission launched "Repower You," aiming to significantly amplify renewable energy capacity by tripling it by 2030—a monumental challenge given the timeline. Countries like Germany exemplified both progress and setbacks in this domain; despite being among leading builders of renewables such as PV and wind power, Germany curtailed a significant amount of energy due to grid inadequacies—10 gigawatt hours last year alone. The European Joint Research Center projected that if current practices persisted ("business as usual"), by 2040 Europe would curtail approximately 310 terawatt hours of electricity annually—equivalent to half the consumption of EU's smallest member states collectively. To counteract this inefficiency, substantial investment in storage is crucial: an estimated need for 200 gigawatts (rising potentially higher) of installed storage capacity by 2030, scaling up to around 600 gigawatts by mid-century. This shift towards enhanced storage could mitigate financial losses from curtailment costs already experienced—for instance, Germany spent €4 billion on curtailment recently. Effective utilization of funds for procuring advanced storage solutions is essential. With these strategic advancements in place, Europe aims not only at bolstering its renewable infrastructure but also ensuring efficient management through improved grid systems and robust storage capacities. Following this framework presentation are four detailed sessions covering specific aspects related to challenges and innovations within Europe's renewable transition landscape; questions will be fielded post-presentations during a dedicated Q&A panel discussion.

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Speaker

Patrick Clerens
Secretary General
EASE - The European Association for Storage of Energy
Belgium

Talk of session: Large, Grid-Scale Storage for More Supply- and Demand-Flexibility

As the world embraces renewables, and particularly large-scale, variable solar and wind power, grid-scale storage, especially batteries, become key. This session will provide insights into improved network development plans and flexibility strategies, address grid congestion and effective capacity management. Delve into case studies of successful deployment strategies and business models for the seamless integration of storage, enhanced grid stability and optimized energy management. Join us for insightful discussions on the future of energy storage, system costs, integration timelines, and the dynamic landscape of large, grid-scale storage.

Further Talks of this session:

Co-Located Renewables & Battery Storage - The System Combination of the Future

Speaker

Marcel Schepers
Product Manager Flexibility Marketing
EnBW Energie Baden-Württemberg AG
Germany

To Talk

Compressed Air Energy Storage (CAES) for Large Scale Power Storage - Developments in Germany and Europe

Speaker

Klemens Kaar
Development Director
Corre Energy
Germany

To Talk

The Success Story of Energy Cells Lithuania: The Biggest Battery Energy Storage System in Europe

Speaker

Vitalijus Baranskas
Chief Technical Officer
Energy cells JSC
Lithuania

To Talk

Role of Battery Energy Storage Systems (BESS) in the Grid of the Future

Speaker

Sankara Subramanian
ESS- Utility Market Leader
Saft Batteries
France

To Talk

Panel Discussion

Speaker

To Talk

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