EU Commission approves €5.7 billion Italian scheme for energy …
The European Commission said last week it has greenlighted a €5.7 billion ($6.24 billion) scheme for Italy to develop renewable energy communities up to 1 MW in size.
Massive Carbon Capture & Storage Project to Receive €2 Billion …
Mark Segal May 10, 2021. A consortium of four companies will receive a subsidy of approximately €2 billion from the Dutch government towards the development of Porthos, one of the world''s largest carbon capture and storage projects, according to news reports from NOS and Reuters. The Rotterdam port area accounts for around 15% of CO2 ...
Energy storage could save Germany €3 billion in subsidies by 2037
Energy storage could save taxpayers in Germany some €3 billion (US$3.3 billion) in subsidies for renewable energy assets by 2037, simply by increasing demand in the wholesale electricity market. That is according to a new report produced by consultancy Global Experts Energy Consulting (GEEC) for German developer and …
€2 billion ''water battery'' turns on in Switzerland | The Independent
The €2 billion water battery project, built between the reservoirs of Emosson and Vieux Emosson in Valais, Switzerland, will allow surplus energy from …
Croatia allocating €500 million in subsidies for battery storage
Croatia will provide some €500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister has said. Minister of Economy and Sustainable Development Damir Habijan revealed the funding, part of a larger €1.6 billion for energy projects, at the JANAF conference in Zagreb earlier …
Giant Pumped Storage Hydropower Facility Opens in …
Giant Pumped Storage Hydropower Facility Opens in Switzerland. August 12, 2022 by Ian Hahn. Fourteen years and more than $2 billion later, the Nant de Drance power plant has begun operation in …
Switzerland''s 20 million kWh ''water battery'' is now operational
A 900 MW ''water battery'' that cost Switzerland €2 billion and was under construction for 14 years, is now operational, Euronews reported. The battery is located nearly 2,000 feet (600 m ...
€2 billion underground ''water battery'' turns on in Switzerland
T he €2 billion project, located nearly 600 metres beneath the Swiss Alps, was under construction for 14 years. Its 20 million kWh capacity will allow excess energy …
Switzerland''s 20 million kWh ''water battery'' is now operational
The water battery that recently went operational in Switzerland has a storage capacity of 20 million kWh, the equivalent of 400,000 electric cars, and is aimed …
Swiss ''water battery'' boosts Europe''s energy storage plans
A 2-billion-Swiss franc (€2.05 billion, $2.10 billion) project could help stabilize Europe''s increasingly expensive electricity as it shifts to renewable energy. The …
Switzerland spent 14 years and €2 billion on this ''water battery''
July 4, 2022 13:02 Water Network Research, Official research team of The Water Network. A water battery capable of storing electricity equivalent to 400,000 electric car batteries will …
German consortium to invest €2 billion in PV manufacturing
Three German solar PV companies have partnered to invest €2 billion (US$2.2 billion) to build a vertically integrated manufacturing capacity. Comprised of solar module distributor Wattkraft ...
Commission approves up to €1.2 billion of State aid by seven Member States for an Important Project …
The Commission has approved, under EU State aid rules, an Important Project of Common European Interest (''IPCEI'') to support research, development and first industrial deployment of advanced cloud and edge computing technologies across multiple providers in Europe.
Swiss ''water battery'' boosts Europe''s energy storage …
A 2-billion-Swiss franc (€2.05 billion/$2.10 billion) project could help stabilize Europe''s increasingly expensive electricity as it shifts to renewable energy.
Verkor secures more than €2 billion to launch high performance …
14 September 2023 – Verkor secures more than €2 billion in financing following the signing of a minimum of €850m Series C funding 1, approval of European Investment Bank for €600m debt support and French subsidies for an amount around €650m, subject to final approval by the European Commission. ...
EU launches €4 billion funding for clean energy & energy storage
The EU has today (23 November) launched a grant funding opportunity worth €4 billion (US$4.4 billion) for upstream and downstream clean energy projects, including energy storage. The grant funding will come from the EU''s Innovation Fund, which is funded by revenues from the bloc''s Emissions Trading System (ETS), a scheme which aims to ...
Switzerland''s water battery fully complete after 14 years of …
Switzerland''s water battery fully complete after 14 years of construction. A 900 MW "water battery," which cost Switzerland €2 billion and took 14 years to build, is …
EBRD marks another year of record impact with €13.1 billion …
EBRD marks another year of record impact with €13.1 billion invested. By Dilara Sarı. 11 Jan 2024. EBRD Annual Bank Investment of €13.1 billion exceeded 2022''s record. Milestones include a capital increase, and more than €2 billion deployed for Ukraine. Green financing and mobilisation reached record levels, exceeding targets.
Recurrent Energy secures €674 million financing
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
State aid: Commission approves €2.27 billion Greek aid
State aid: Commission approves €2.27 billion Greek aid. State aid: Commission approves €2.27 billion Greek aid scheme to support electricity production from renewable energy sources and high efficiency combined heat and power.
Switzerland spent 14 years and €2 billion on this ''water battery''
With a storage capacity of 20 million kWh of electricity, it is hoped the water battery will play a significant role in stabilising Switzerland and Europe''s energy grids.
A giant ''water battery'' has been switched on in Switzerland – …
The €2 billion project, located nearly 600 metres beneath the Swiss Alps, was under construction for 14 years. Its 20 million kWh capacity will allow excess energy …
EU Commission approves €3.2 billion in battery storage technology funding
The seven Member States will provide in the coming years up to approximately €3.2 billion in funding for this project, which is expected to unlock an additional €5 billion in private investments. The completion of the overall project is planned for 2031 (with differing timelines for each sub-project).
Enel Weighs Sale of €2 Billion Energy Storage Business
Enel SpA is evaluating the sale of a majority stake in its energy storage business, in a move aimed at further reducing the company''s debt burden, according to people familiar with the matter ...
€2 billion underground ''water battery'' turns on in Switzerland
A giant ''water battery'' capable of storing as much energy as 400,000 electric car batteries has been switched on in Switzerland.The €2 billion project, located nearly 600 metres beneath the ...
EIB Board of Directors approves €12.8 billion new financing for transport, energy …
The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help business to expand.
Italy devotes €1.1bn to agrivoltaics, €2bn to energy communities and storage
In total, Italy decided to devote €23.78 billion of its EU recovery funds to renewable energy, hydrogen, smart grids, and mobility. According to the draft Covid-recovery plan, the largest chunk ...
EU earmarks €2.2 billion in hydrogen funding for spring 2024
The project is part of a €2 billion Global Gateway investment in the hydrogen value chain in Brazil. This new Green Energy Park will be a 10 GW production facility for clean hydrogen and ammonia, which will then be shipped to the island of Krk in Croatia, and from there, hydrogen will travel to serve industrial off-takers in South-East …
Slovakia''s Fuergy raises €16 million private equity to expand energy-as-a-service model
The company said it deployed the largest battery energy storage system in Slovakia back in 2020, another 432kWh system, for energy supplier G&E Trading. However, that was later eclipsed by a 5.3MW/2.9MWh system that Switzerland-headquartered firm Leclanché installed for frequency regulation at a medium voltage grid …
