Greece-based battery manufacturer Sunlight Group has secured a €140 million (US$136 million) loan for its manufacturing and R&D investments.

The EU has approved a plan by the government in Greece to put €341 million towards a 900MW energy storage pipeline, under its state aid rules.

European energy storage is still held back by regulation but Greece is a bit further ahead, specialist battery insurance group Altelium told Energy-Storage.news while discussing take-up of its new product.

Greece-based battery manufacturer Sunlight Group has received €275 million (US$290 million) in loan financing to expand production and research.

London-listed energy storage investor Gore Street Capital CEO Alex O’Cinneide discussed its fund’s recent expansion outside UK/Ireland and which markets are most of interest, in an interview with Energy-storage.news.

Greece has doubled its 2030 target for energy storage deployment to 3GW as it aims for a renewable electricity generation proportion of 70%.

Energy-Storage.news proudly presents this sponsored webinar with consultancy Clean Horizon, discussing why Greece can be an important European market for energy storage.

Greece’s electricity market holds the potential to become an important European market for energy storage technologies like lithium-ion batteries in the coming months and years.

Greek industrial group Mytilineos has acquired a portfolio of solar and battery storage projects in a €56 million (US$67.8 million) transaction it says “heralds the transition to a new era” for the company.