New regulations governing the production, sale and use of batteries in the European Union (EU) came into force last month, with energy storage industry associations welcoming their introduction.
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.
Presenting the most-read news stories on Energy-Storage.news for the first half of 2023, including policy, technology and market developments shaping the industry.
The backing of new Electricity Market Design proposals by the European Parliament is welcome, but the plan still falls short in its support for energy storage technologies.
Cyprus has set out a policy framework for the integration of energy storage systems after reaching a funding agreement with the European Commission (EC).
FREYR Battery, which is targeting the battery storage sector with its product line, has received a €100 million (US$112.29 million) grant commitment.
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.
