The European Commission has announced it will launch a “European Grid Package” in Q4 which will place energy storage capacity front and center, to enable further investments into clean energy-based electrification in general. This is yet another case of battery energy storage surging ahead, even when other renewable industries (namely solar power) are stalling in the European market. Energy storage will be needed as the inevitable partner to intermittent renewables, but is also needed to ease the burden of grid expansion. In May 2022, the Commission estimated that some $620 billion of grid investments would be needed ahead of 2030 to meet energy transition targets – that’s more than half of the grid investment which China will enact in the same timeframe,…