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● Tuesday
30 Jun 2026
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R.
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Today's signal: Europe is doubling down on storage as the linchpin of grid stability, with the EU's tripartite deal targeting 30-45 GW of new capacity by 2028 and Ofgem's cap-and-floor scheme backing 16 projects dominated by pumped hydro and lithium—a bet on proven technologies over speculative bets. That contrast sharpens against green hydrogen's retreat, as Germany now expects only 5.5 GW by 2030 against its 10 GW goal, signaling capital is migrating from hydrogen's unmet promises toward storage and grid assets with clearer revenue mechanisms.
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Grids Package
· EU · Energy Storage News
The Commission, member states and industry agreed a tripartite framework imposing energy storage obligations on 22 member states, with deployment targets cited variously at 30-35 GW by 2028 and a headline 45 GW figure, explicitly framed as reducing gas exposure. The deal pairs binding member-state obligations with developer deployment commitments and signals additional funds for EU manufacturing.
Grids Package · Batteries · Industrial Policy
Source →
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Grids Package
· EU · Euronews / E3G
EU energy ministers agreed a Council position on the Grids Package giving member states a larger say in the bloc's future power grid planning, following disputes with Brussels over centralisation. The compromise shifts the balance of network planning authority back toward national capitals.
Grids Package · Industrial Policy
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Hydrogen
· DE · Hydrogen Insight
Analysis indicates Germany could reach 5.5 GW of green hydrogen electrolysis by 2030, far short of its 10 GW national target, with further delays and project cancellations described as very likely. The National Hydrogen Council separately revised down Germany's hydrogen demand forecast.
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Industrial Policy
· ES · El Periódico de la Energía
The US Supreme Court declined Spain's appeal, removing a key obstacle to enforcement of arbitration awards stemming from Spain's retroactive cuts to renewable subsidies over a decade ago. Investors can now pursue execution of the laudos against Spanish assets in US jurisdictions.
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Batteries
· UK · PV Magazine
Ofgem published a provisional list of 16 projects to progress through its new long-duration energy storage cap-and-floor support scheme, spanning four technologies. Pumped storage hydro and lithium-ion batteries were the biggest winners by capacity.
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Hydrogen
· IT · Staffetta Quotidiana
Italy has launched a call for candidatures for hydrogen and carbon capture and storage projects seeking European Project of Common Interest (PCI) status. PCI designation unlocks streamlined permitting and access to EU funding mechanisms.
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Batteries
· DE · battery-news.de / Charged EVs
Luxembourg-based OCSiAl signed a supply agreement to provide single-wall carbon nanotubes as a conductive additive for Volkswagen battery unit PowerCo's Unified Cell platform at Salzgitter. The deal supports VW's vertically integrated European cell manufacturing ramp.
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Market Snapshot
NH₃ Fossil ("Grey")
$688.25
/t Dlvd NWE
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NH₃ Low-Carbon ("Blue")
$738.92
/t Dlvd NWE
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NH₃ RFNBO ("Green")
$909.81
/t Dlvd NWE
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EUA (EU ETS)
€80.15
/tCO₂
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DE Baseload DA
€140.28
/MWh
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AI-assisted briefing for informational purposes only. Not investment, legal, or regulatory advice. No liability assumed. Views are the author's own.
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