Fuergy, a Slovakia-based company providing energy storage and management solutions, has raised €16 million (US$17.4 million) from local private equity firm Pro Partners Holding.
The renewables arm of Italy-based power company Enel is seeking approval to add a 38MWh battery storage system to an existing 42.25MW solar PV plant in Spain.
The European Union (EU) has unveiled its plans for its own Inflation Reduction Act-style support package, the Green Deal Industrial Plan, for clean energy technologies including energy storage.
A pair of 20.7MW battery energy storage systems have been added to the electricity grid in Bavaria, Germany, by Austria-based utility Verbund and developers ECO STOR and Kyon Energy.
New energy storage projects co-located with renewables in Spain will be eligible to have 40-65% of their investment costs covered under a government scheme launching in a week’s time.
Some companies which were previously considering Europe for lithium-ion gigafactory projects are now looking to the US instead, executives working in site selection and design told Energy-Storage.news.
CO2 Battery company Energy Dome has won €17.5 million (US$18.5 million) in grant and equity financing from the European Innovation Council, the maximum amount available.
