the latest news on european energy storage battery subsidies

Sweden To Give 60% Subsidy For Residential Energy Storage Batteries

Sweden has announced a government subsidy that will cover 60% of the cost for installing a residential energy storage system, up to a maximum of 50,000 kroner (US$5,400). Battery, wiring, management systems and installation will all be eligible for payment under the subsidy. The subsidy is part of Sweden''s plan to boost PV utilization and ...

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 …

Sweden introduces energy storage subsidy for households

The government subsidy will cover 60% of the cost of installing a residential energy storage system up to a maximum of 50,000 kroner or $5,600. According to Renewable Energy World, the credit applies to the battery, wiring, control systems, smart energy hub, and installation work for homes with rooftop solar systems.

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 …

Slovenia state-aid for BESS, renewables gets EU green light

June 15, 2023: The European Commission said on June 9 it had approved a €150 million ($163 million) state-aid scheme to develop battery storage and renewables in Slovenia. This follows a spate of recent approvals for EU member states to support battery storage-related projects, amid concerns the bloc is lagging behind the US and Asia in investments.

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.

One of Europe''s Largest Battery Energy Storage Plants Launches in Belgium

Continental Europe''s largest energy storage facility recently launched in Belgium''s Deux-Acren village, bringing 100 megawatt-hours (MWh) of lithium-ion battery storage capacity and up to 50 MW of power. The new plant, situated in Belgium''s Wallonia region, reportedly replaces a turbojet generator that previously provided energy to the ...

Renewable energy storage from second-life batteries is viable but …

Renewable energy storage from second-life batteries is viable but may benefit from subsidies. Issue 609: Using recovered electric vehicle batteries to create storage for energy surpluses from wind farms in Tenerife is technically and economically …

European Court of Auditors warns over EU battery ambitions

European Court of Auditors warns over EU battery ambitions - Energy Storage Journal. July 6, 2023: The EU risks falling behind in its bid to become a global battery powerhouse, according to a report published on June 19 by the European Court of Auditors. Access to raw materials remains a major roadblock, along with rising costs and …

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 ...

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.

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.

''Unfair'' subsidies probe puts EU on collision course with China over EVs, batteries

September 21, 2023: The EU is launching a formal probe into Chinese subsidies for EVs and batteries, amid fears Beijing could steer Europe''s green energy transition off course. European Commission president Ursula von der Leyen (pictured) announced the move ...

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 ...

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.

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 …

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.

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.

Bavarian solar-plus-storage subsidy scheme launches today

A new subsidy scheme for residential solar-plus-storage installs is now live in Bavaria. The state in southern Germany will provide €500 (US$550) for a storage system of at least 3kWh and a further €100 (US$110) for each additional 1kWh up to a maximum of €3200 (US$3530). The storage system must be paired with a solar installation.

Global news, analysis and opinion on energy storage innovation and technologies

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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 …

EU approves €900m German subsidy for new EV gigafactory

The aid was approved under the Temporary Crisis and Transition Framework, which enables EU members to provide support to companies in sectors important for the net zero transition. The German government will provide € 902m (£776m) in aid to Northvolt, with total investments in the gigafactory reaching around € 2.5bn …

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 …

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