The Ministry of Economic Affairs and Employment in Finland has granted €19.5 million (US$19.3 million) to a hybrid plant project combining wind, solar and 25MW/50MWh of battery storage.
Oil and gas major TotalEnergies, thermal energy storage system company 1414 Degrees and six other companies have joined the Long Duration Energy Storage (LDES) Council.
Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).