The first programme is set to allocate EUR 180 million -- EUR 150 million to support standalone energy storage projects, with thermal storage initiatives receiving a funding boost of EUR 30 million. The second funding programme, with a budget of EUR 100 million, will specifically target pumped storage hydro projects.
The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy. The scheme totalling €17.7 billion (US$19.5 billion) will provide annual payments covering investment and operating costs for those developing, building and operating large-scale energy storage in Italy.
Long Duration Electricity Storage investment support scheme will boost investor confidence and unlock billions in funding for vital projects. The UK is a step closer to energy independence as the government launches a new scheme to help build energy storage infrastructure.
Chinese electric battery makers have been offered subsidies that could account for more than 50 per cent of the cost of the product. In October, China’s biggest electric vehicle maker BYD posted higher quarterly revenues than US rival Tesla for the first time, highlighting how competitive the Asian powerhouse has become.
The programmes are funded through Spain's coronavirus recovery facility. The Institute for Diversification and Energy Saving (IDAE), the agency of the ministry for the ecological transition, will manage the tendering process. Applications for funding for pumped storage hydro project can be sent from September 22 until October 20, 2023.
The total support of the mechanism to these projects amounts to 27.5 million, which will contribute to the achievement of the national targets for renewables in Finland and Luxembourg. A second tender was opened on 30 July 2024 and will remain open until 4 March 2025.
In 2020-2021, in response to the COVID 19 pandemic, Sweden has committed at least USD 7.10 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly …
To support EU countries in achieving their renewable energy ambition and encourage a greater uptake of renewable energy sources across the EU, Regulation (EU) 2020/1294, establishing the EU renewable energy …
The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy. The scheme totalling €17.7 billion (US$19.5 billion) will provide annual …
The EU''s action highlights how the bloc is eager to match renewable energy subsidies adopted by the US and China in recent years. The Biden administration''s 2022 …
It supports investments in generation and use of energy from renewable energy sources, energy efficiency, energy storage, modernisation of energy networks and the just transition in carbon …
In recent years, the bloc has adopted the forced labour regulation, created the International Procurement Instrument, introduced the foreign subsidies regulation, revised its …
Excessive reliance on foreign energy has brought about an energy crisis, and the Russian-Ukrainian war has exacerbated the conflict—natural gas accounts for a high proportion of …
The first programme is set to allocate EUR 180 million -- EUR 150 million to support standalone energy storage projects, with thermal storage initiatives receiving a funding …
Assessing the relative merits of services from stationary vs mobile (aggregated EV) storage …
This interactive global battery storage regulatory guide includes a succinct …
The EU''s Foreign Subsidies Regulation (FSR) gives the European Commission (EC) broad powers to control subsidies from non-EU countries, complementing the EU''s longstanding …
This report documents the work completed for the Directorate General for Energy (DG ENER) of the European Commission (EC) on the Study on energy subsidies and …
To support EU countries in achieving their renewable energy ambition and encourage a greater uptake of renewable energy sources across the EU, Regulation (EU) …
The Danish authorities have reopened a subsidy pool to promote exports of Danish energy technologies, offering a total of DKK 9.3 million ($1.36 million). Applications for …
new scheme will remove barriers which have prevented the building of new storage capacity for nearly 40 years, helping to create back up renewable energy; increasing …
Foreign Subsidies Regulation and the brewing green subsidies war – specifically ... estimates that China spent the equivalent of 1.73 percent of its 2019 Gross Domestic …
This interactive global battery storage regulatory guide includes a succinct summary of the current BESS market, related regulatory and licencing requirements, revenue …
The first programme is set to allocate EUR 180 million -- EUR 150 million to support standalone energy storage projects, with thermal storage initiatives receiving a funding boost of EUR 30 million. The second funding …
ETN news is the leading magazine which covers latest energy storage news, renewable energy news, latest hydrogen news and much more. This magazine is published by CES in …
energy subsidies – and more specifically fossil-fuel subsidies– in the EU. Phasing out these ... In the transport sector, fossil-fuel subsidies (primarily on oil products) increased dramatically (by …
The European Union (EU) Commission has approved a state aid scheme aiming to fund the rollout of over 9GW/71GWh of energy storage in Italy. The scheme totalling …
Explore India''s latest solar energy schemes offering subsidies and incentives for sustainable power initiatives and clean energy adoption. ... By March 2024, India had installed …
Based on panel data of Chinese 101 energy storage enterprises from 2007 to …
This report documents the work completed for the Directorate General for …
Assessing the relative merits of services from stationary vs mobile (aggregated EV) storage facilities, and identifying opportunities for mutual learning could have an added value. …
Based on panel data of Chinese 101 energy storage enterprises from 2007 to 2022, this paper examines the effectiveness of government subsidies in the energy storage …
new scheme will remove barriers which have prevented the building of new …