EU approves €180m for 1.2GWh energy storage rollout in Lithuania
The money will be available to all energy storage technologies that are directly connected to the transmission network, and winning projects will be selected through a
Image: Energy Cells via LinkedIn. Lithuania can move ahead with a scheme to provide €180 million (US$200 million) in grants to energy storage projects after it was approved by the EU. The programme will provide direct grants for the construction of the projects, with a target to support at least 1.2GWh of energy storage projects.
European Commission delegation visiting a Fluence battery storage project in Lithuania. Image: Energy Cells via LinkedIn. Lithuania can move ahead with a scheme to provide €180 million (US$200 million) in grants to energy storage projects after it was approved by the EU.
The Strategy has 4 main objectives – to ensure a secure and reliable supply of energy to all consumers, to achieve 100% climate-neutral energy for Lithuania and the region, to transition to an electricity economy and develop a high value-added energy industry, as well as to ensure the accessibility of energy resources for consumers.
According to the National Energy Independence Strategy, there are three main sectors, where the development of RES is planned and accounted for in the National statistics of Lithuania: the electricity sector, the district heating/cooling sector, and the transport sector.
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