The European Council and Commission have signed agreements to significantly increase energy storage deployment in EU member states, aiming to reach 200 GW of storage capacity by 2030. The deals involve various stakeholders, including public sector, financial institutions, clean energy developers, and industrial energy offtakers, to create an investment climate for long-term economic growth. Multinational investors like the EIB Group and EBRD are also increasing support for energy storage projects. This tripartite agreement with renewable energy project developers will drive implementation of energy storage projects and strengthen Europe's strategic autonomy, with member states committing to national capacity pledges. Energy Storage Europe has welcomed these agreements as a crucial step towards recognizing the importance of energy storage at the EU level.