European Commission funding is supporting a project to integrate battery storage at a pumped hydro energy storage (PHES) plant in Slovakia.

The European Council has formally adopted the EU’s support package for its clean energy manufacturing industry, the Net-Zero Industry Act (NZIA), amidst mixed fortunes for local battery gigafactory projects.

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.

Leclanché will deploy a short duration battery energy storage system (BESS) and energy management software to a natural gas power plant in Levice, Slovakia.

The past few days have seen various announcements across the lithium-ion battery production value chain in Europe, Australia and the US.