What will the Czech electricity storage scheme do in ?
In an announcement released on March 7, , the executive arm of the European Union said that the Czech scheme will support the installation of at least 1.5 GWh of new electricity storage facilities. The measure will be open to all storage technologies directly connected to the transmission network or distribution network.
How will Czech state aid help a net-zero economy?
The aid will take form of direct grants which will cover up to 50% of the investment cost of supported projects. From ESS News The European Commission (EC) has authorized a €279 million ($303 million) Czech state aid scheme to support investment into electricity storage facilities and foster the transition towards a net-zero economy.
Which storage technologies will be supported by a storage grant?
The measure will be open to all storage technologies directly connected to the transmission network or distribution network. It will support only newly installed storage facilities. The aid shall take the form of direct grants.
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