New poll finds energy storage vital for European power sector

Energy storage is seen by power industry professionals as the most vitally important area for the European electricity sector over the next two decades.

A new poll - the POWER-GEN Confidence Index - asked more than 800 power players to rank the areas which they felt were most important to the European power market, firstly in the next 10 years, and then in the next 20.

Energy storage topped the list in both categories – with 38 per cent of votes for the period to 2026 and rising to 41 per cent for the period to 2036.

Other categories that made the top 10 of both timeframes were combatting cybersecurity threats, smart grid development and decarbonisation.

Electric vehicles and their related infrastructure came in at number 13 in the ten-year timeframe but rose to number five when looking 20 years ahead.

Similarly, smart cities was number 18 (25 per cent) over ten years but jumped ten places to number eight (33 per cent) over 20 years.

Coal-fired generation came bottom of the 24-category list over both timeframes.

Wave and tidal technologies came second from bottom with 5 per cent over ten years, and while rising only one place over 20 years, nevertheless polled 22 per cent of respondents, showing that the technology is seen as one that will eventually come to figure in the European energy mix.

Carbon capture and storage was similarly viewed, scoring 7 per cent of votes over the next ten years but increasing to 26 per cent over two decades.

The POWER-GEN Confidence Index surveyed 833 power players, ranging from chairman and chief executives to on-the-ground engineers, who work in all sectors of the energy industry.

Click here to download a copy of POWER-GEN Europe Confidence Index

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...