Europe faces an unusual problem: ultra-cheap energy - https://web.archive.org/web/20240620151949/https://www.economist.com/finance-and-economics/2024/06/20/europe-faces-an-unusual-problem-ultra-cheap-energy
Europe faces an unusual problem: ultra-cheap energy - https://web.archive.org/web/20240620151949/https://www.economist.com/finance-and-economics/2024/06/20/europe-faces-an-unusual-problem-ultra-cheap-energy
And that’s why it’s currently a problem. There’s not enough buyers, and not enough capability to switch supply in and out.
Without the price incentives to build large scale storage, it hasn’t been done. The problem is that there is a delay between needing the storage, and it actually being built at scale.