Clean Energy Technology Observatory, Novel thermal energy storage in the European Union : status report on technology development, trends, value chains and markets : 2024

This report analyses the technology status, value chain and markets of energy storage technologies which are considered 'novel'. While most of the technologies covered are still in the research phase and therefore fall into the novel category, some classic energy storage technologies are also included to provide the bigger picture. Energy storage technologies can contribute significantly to the decarbonisation of the energy system, cost reduction, and the enhancement of energy system flexibility by saving large amounts of energy for a later moment of need. By deploying innovative energy storage technologies, the European Union can unlock new opportunities for the global energy transition.