Planning for the Energy Transition

FETSA’s Ravi Bhatiani looks at the contribution of the tank storage industry The Federation of European Tank Storage Associations (FETSA) represents European national tank storage associations and independent private storage companies operating bulk liquid storage terminals. FETSA represents 141 companies operating 743 terminals across Europe. Increasingly storage assets are being used in new ways such as flow batteries, or storage for waste that can be then re-used in the circular economy. Looking to the future, whilst liquid products will evolve to meet climate obligations, the importance and function of liquid storage within European supply chains will remain constant. Key figures 2020: EU data INVESTMENT IN THE ENERGY TRANSITION FETSA members are ready to support the EU and national governments in the energy transition by ensuring that existing infrastructure can be used for both traditional and alternative fuel sources; by adapting infrastructure to accommodate alternative liquids and gases; by maintaining and developing supply chain efficiency; and by storing reserves for energy resilience. FETSA members expect to invest €5.7 billion in new infrastructure,...