Slovenia to subsidize battery storage for businesses with EUR 17 million

Slovenia’s Ministry of the Environment, Climate and Energy, in cooperation with electricity market operator Borzen, has allocated nearly EUR 17 million in grants for businesses planning to install battery storage systems.

The grants are intended for the purchase and installation of battery storage units, hybrid inverters, and electrical installations and equipment. The subsidy can cover up to 45% of eligible investment costs, or a maximum of EUR 225 per kWh of battery storage capacity.

New batteries can be combined with existing energy storage capacities or solar power plants

Eligible applicants are companies, sole proprietors, and cooperatives. Grants can be combined with a solar power plant or existing storage units without restrictions.

The total amount of aid that can be granted to an individual beneficiary may not exceed EUR 300,000 over three years. More information will be available after a public call is announced, the ministry added in a LinkedIn post.

A contract on launching a public call for grants was signed by Minister of the Environment, Climate and Energy Bojan Kumer and Borzen General Manager Mojca Kert.

Slovenia is using EU funds to support new solar and wind projects, including batteries

Slovenia’s Ministry of Cohesion and Regional Development recently approved EUR 63.5 million in European Union funds for co-financing investments in new solar and wind power plants in the period until 2029. The scheme includes the possibility of storing electricity, according to the announcement.

At the same time, the ministry allocated EUR 23.5 million in EU funds for a program to tackle energy poverty in Slovenia in the 2024-2027 period.