the latest news on european energy storage battery subsidies

Poland capacity auction to lead BESS deployments in Eastern Europe

Poland has made significant progress this year, with the announcement of major reform to the balancing markets encouraging greater participation of battery storage in the capacity market. Last year''s auction awarded contracts to 4 storage projects with around 150MW of capacity, most of which were awarded to local developer Columbus …

Bulgaria opens calls for battery storage subsidies within renewable energy projects

The goal is to add 200 MW in combined capacity with at least 100 MW of battery energy storage supported by subsidies. Participants are competing for EUR 55 million. Maximum support per plant is EUR 549,000 per MW, excluding value-added tax, of the storage unit''s operating power.

EU batteries chief on guard over China, US battery subsidies

EU batteries chief on guard over China, US battery subsidies July 6, 2023: European Commission VP and batteries czar Maroš Šefčovič has said the bloc is monitoring "massive" Chinese and US battery industry subsidies — but signalled a conciliatory approach to protecting European manufacturers.

Germany launches battery subsidy package

Germany launches battery subsidy package. The German Federal Ministry for Economic Affairs and Energy (BMWi) has announced a subsidy programme for battery production with bids invited until March 15. The ministry said it wanted to forge an alliance with other European countries to produce world-class batteries.

Croatia allocating €500 million in subsidies for battery storage

Croatia will provide some €500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister has said. Minister of Economy and Sustainable Development Damir Habijan revealed the funding, part of a larger €1.6 billion for energy projects, at the JANAF conference in Zagreb earlier this …

UPDATED: What do we know about Sweden''s energy subsidy?

Energy subsidy 1 (the subsidy announced in November 2022) will be available for energy users in energy zones 3 and 4 (most of southern Sweden), who had their own energy contract on November 17th, 2022. This means both houses and apartments, as well as companies and organisations (although it''s unclear when the latter …

EIB provides €1 billion in funding to support European battery industry

Gravitricity set to pilot new gravity-based energy storage technology. The Bank expects to increase its backing of battery-related projects to more than €1 billion ($1.10 billion) of financing in 2020. This matches the level of support the EIB has offered over the last decade. Since 2010, battery projects financed by the EIB totalled €950 ...

How EU Funding is Driving Energy Storage Innovation

Investment in research is key in driving innovation in storage sector. EASE, as the voice of the energy storage industry, is an active contributor of the design of upcoming funding programmes for energy storage research and development and collaborated to the development of important instruments such as the Innovation Fund and Horizon Europe.

Energy storage could save Germany €3 billion in subsidies by 2037

Energy storage could save taxpayers in Germany some €3 billion (US$3.3 billion) in subsidies for renewable energy assets by 2037, simply by increasing demand in the wholesale electricity market. That is according to a new report produced by consultancy Global Experts Energy Consulting (GEEC) for German developer and …

France to push European-made EVs with new subsidy requirements

1. France will be the first country to implement new prerequisites for EV subsidies, similar to the US Inflation Reduction Act. The government will thus specifically reward buyers of European-made electric cars. And Paris is calling on other European countries to follow its lead. "We will be the first European country to reform the criteria ...

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Poland to lead battery storage deployments in Eastern Europe

Image: Polskie Sieci Elektroenergetyczne. Poland looks set to lead battery storage deployments in Eastern Europe, with 9GW of battery storage projects offered grid connections and 16GW registered for the ongoing capacity market auction. Eastern Europe has languished behind other regions in developing battery storage, but …

Energy storage

The main energy storage reservoir in the EU is by far pumped hydro storage, but batteries projects are rising, according to a study on energy storage published in May 2020. Besides batteries, a variety of new technologies to store electricity are developing at a fast pace and are increasingly becoming more market-competitive.

EU approves 900-mn-euro German aid for battery plant

The project—which aims to have a capacity to produce batteries for around one million electric vehicles a year—should reach full capacity in 2029. The EU approved Monday a 900-million-euro German state subsidy for electric vehicle battery firm Northvolt to build a plant in Germany that might have otherwise been lured to the United States.

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