energy storage
Italy to subsidize centralized energy storage system projects with EUR 17.7 billion
27 December 2023 - Italy is launching a state aid package of EUR 17.7 billion for the establishment of a centralized electricity storage system
YEO Technology to open Reap Battery gigafactory in Turkey in 2024
25 December 2023 - YEO Technology expects its subsidiary Reap Battery to begin mass production of battery energy storage systems in the second half of 2024
North Macedonia drafts two laws introducing energy storage to market
21 December 2023 - In drafts for a set of key laws, North Macedonia defined energy storage operators and facilities and energy communities or cooperatives
Seven European countries to shut down all CO2-emitting power plants by 2035
19 December 2023 - The agreement was concluded as part of the Pentalateral Energy Forum, chaired by the Netherlands this year
Statkraft acquires water battery project near Loch Ness
19 December 2023 - Norwegian company Statkraft has acquired a pumped storage hydro project in Scotland, with an expected capacity of 450 MW
Belgium-based ABEE to invest EUR 1.1 billion in battery production in Bulgaria
15 December 2023 - ABEE launched a EUR 1.1 billion project for a battery plant, recycling facility and an R&D center in Bulgaria
Bulgaria offers highest profitability for battery storage in Europe
15 December 2023 - Profitability issues could hinder the development of battery storage, which is critical for the green energy transition, Rystad Energy warns
World’s largest concentrated solar power plant completed in Dubai
08 December 2023 - A 950 MW solar energy complex, including the biggest concentrated solar power plant, was inaugurated in Dubai during COP28
Bulgaria earmarks EUR 8.2 million for Stara Zagora hydrogen valley
07 December 2023 - Minister of Innovation and Growth Milena Stoycheva said the Stara Zagora hydrogen valley project would get EUR 8.2 million in EU funds
Vulcan opens Europe’s first fully domestic lithium production plant in Germany
30 November 2023 - Lithium extraction from salt water has a much lower environmental impact than projects at salt deserts and mines
World’s largest energy storage system is being built in Atacama Desert
28 November 2023 - Spanish green energy producer Grenergy has begun the construction of an energy storage facility in Chile's Atacama Desert
EU approves REPowerEU green energy projects submitted by Greece, Romania
23 November 2023 - Through the revision of their resilience plans, Greece and Romania got EUR 795 million and EUR 2 billion, respectively, in REPowerEU funds
New Government of Montenegro affirms support to EPCG – UGT Renewables partnership
17 November 2023 - Representatives of UGT Renewables, Hyundai Engineering and Elektroprivreda Crne Gore met with Montenegro's top government officials
Romania to turn 17 coal mines into gravity energy storage systems
10 November 2023 - Romania agreed with Green Gravity to study gravity energy storage technology in 17 coal mine shafts in the Jiu Valley complex
New rules announced for 2023/2024 rounds of energy storage auctions in Greece
10 November 2023 - After the success of Greece's first energy storage auction, the government has changed the terms ahead of the upcoming second and third ones
Serbia selects Hyundai Engineering, UGTR consortium as strategic partner for solar power plants of 1 GW in total
06 November 2023 - The Government of Serbia selected the consortium of Hyundai Engineering and UGT Renewables as its strategic partner for a major solar power project with storage