European Union (EU)

Renewable energy in EUThe European Union (EU) is a political and economic union of 28 member states that are located primarily in Europe.

Energy storage in EU

In 2019, a consortium of European companies including PSA Peugeot Citroën, its German subsidiary Opel and French battery manufacturer Saft, as well as Siemens and Manz, have launched pan-European project to counter Asian dominance on the battery market. France allocated 700 million euros and Germany 1 billion euros for a project, which envisages construction of factories in both countries in the future. The debut plant is to be built in France. EU Energy Commissioner Maroš Šefčovič and Competition Commissioner Margrethe Vestager have endorsed the initiative.

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