The European Commission has approved a €1.2 billion (US$1.32 billion) state aid package for Poland to support the deployment of electricity storage facilities.
The European Commission is targeting 90% renewable electricity by 2040 in the EU and sees energy storage as one of several key areas of investment to get there, according to a leaked draft.
The National Energy and Climate Plans (NECPs) of European Union (EU) Member States are largely falling short in recognising the vital role of energy storage, the Energy Storage Coalition has said.
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.
Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC).
The European Commission has given the go-ahead to a €150 million (US$160 million) state aid scheme for renewable energy and energy storage in Slovenia.
