Germany-based flow battery company VoltStorage has been granted a venture debt loan of €30 million (US$33 million) by the European Investment Bank (EIB), guaranteed by the European Commission.
Utility and network operators RheinEnergie and Bayernwerk have respectively started building and commissioned 7MWh battery storage projects in Germany.
Developers Eku Energy and Renera Energy have signed an agreement to deploy 1GW of battery storage projects in Italy, the latest in a flurry of companies entering the market.
Developer Altea Green Power is selling 2GW of battery storage projects in Italy with expected ready-to-build (RTB) status in Q2 2025 – and responded to cautionary comments about large early-stage deals.
A state agency in Estonia has provided €5.2 million (US$5.7 million) in grants for 10 energy storage projects, including a 4MW/8MWh battery storage project from utility Eesti Energia.
Dutch transmission system operator (TSO) TenneT says the Netherlands will need 9GW of large-scale battery energy storage system (BESS) capacity connected to its grid by 2030.
The European Commission has approved a €1.1 billion (US$1.2 billion) scheme from the government of Hungary to support large-scale energy storage projects.
The Regulatory Authority for Energy (RAE) in Greece has launched an auction for grants towards 400MW of energy storage, with three weeks to submit project proposals.
