Austria making €18 million available for medium-scale energy storage projects
- Admin
- Jun 14, 2024
- 1 min read
The article discusses the availability of €17.9 million in grants for medium-sized distributed-scale energy storage projects in Austria. The funding is provided by the Federal Ministry for Climate Protection and the EU's European Agricultural Fund for Rural Development. Projects are encouraged to benefit the grid and optimize energy consumption from PV plants. Eligible applicants include various entities interested in grid stability and renewable energy integration. The usage of electrochemical storage technologies like lithium-ion is anticipated. The primary goal is to generate electricity from clean sources by 2030 and enhance grid stability. The market for grid-scale energy storage systems like BESS is growing, including opportunities in ancillary services in Austria.
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