Greece Launches €200 Million Storage Subsidy Scheme
The Greek Ministry of Environment and Energy is finalizing preparations for a €200 million storage subsidy scheme, expected to launch by the end of 2026. The funds will be strategically divided into four €50 million budgets to stimulate various segments of the market. Two budgets will target municipal and business self-consumption projects, offering a 50% subsidy for municipalities. Another budget is dedicated to batteries combined with renewables, including behind-the-meter and shared batteries, while the final €50 million will support standalone storage projects.
Evaluating 4.7 GW of Merchant Projects
To ensure a robust pipeline for the standalone storage tender, Greece is currently evaluating expressions of interest for up to 4.7 GW of merchant battery projects. This massive pool of projects, which have already secured electrical space and connection capacity, will be eligible to compete for the subsidies. This initiative is expected to significantly accelerate Greece's energy transition and grid stability.
EU-Funded Hydrogen and Storage Integration in Germany
Meanwhile, in Germany, the integration of hydrogen and battery storage is receiving significant EU backing. The city of Chemnitz has received €30.3 million from the EU Just Transition Fund to build a hydrogen main grid connection and a 15MW PV plus 15MW/30MWh storage park in Galgenberg. Scheduled to be operational by 2029, the project will seamlessly integrate green power production, storage peak-shaving, green hydrogen distribution, and industrial decarbonization. This holistic approach highlights the EU's commitment to coupling short-term battery flexibility with long-term chemical storage solutions.
Source: Energypress, Solarbe
This article was assisted by AI analysis. Please refer to the original source for official information.