Overseas agent for croatia independent energy storage project

How much ie-energy aid will Croatia get?

The European Commission has approved €19.8 million (US$20.1 million) in state aid from the government of Croatia to energy storage operator IE-Energy for a series of grid-connected projects. The aid will be a direct grant to IE-Energy and will cover approximately 30% of capital expenditures for a series of grid-scale battery energy storage systems.

Did Croatia get the green light for IE-energy's massive energy storage project?

Croatia got the green light from Brussels for a EUR 19.8 million grant to IE-Energy for a massive energy storage project.

Will ie-energy be the biggest energy storage project in southeastern Europe?

Croatia got the green light from Brussels to give a EUR 19.8 million grant to a domestic startup for a massive energy storage project. IE-Energy is planning to build a battery system of 50 MW, which means it would be the biggest in Southeastern Europe.

Will ie-energy accelerate the decarbonization of Croatia's energy sector?

In addition, it will accelerate the decarbonization of the Croatian energy sector, according to the announcement. IE-Energy is based in Rijeka, Croatia’s fourth-largest city. It joined the intraday and day-ahead markets at the Croatian Power Exchange (CROPEX) last year. Documents reveal the project is scheduled to start on December 1.

Will ie-energy build the biggest battery system in southeastern Europe?

IE-Energy is planning to build a battery system of 50 MW, which means it would be the biggest in Southeastern Europe. The European Commission has approved, under the European Union’s aid rules, a EUR 19.8 million Croatian aid measure in favor of energy storage operator IE-Energy.

Is there a storage facility in southeastern Europe?

There is no storage facility in Southeastern Europe yet with such a capacity. Of note, a 250 MW project is under development in Turkey, with an envisaged capacity of 1 GWh. The batteries would be used for balancing services for the independent Transmission System Operator in Croatia (HOPS), domestic media reported.