How will Lithuania support energy storage projects?

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.

Will EU grant a battery storage project in Lithuania?

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.

Does Lithuania need a new energy system?

Lithuania imports a large share of its electricity needs, while bioenergy is taking the lead in domestic energy supply. By 2030, Lithuania wants to reduce its electricity imports by half and produce 70% of its electricity needs from domestic sources. It plans to complete its synchronisation with the continental European power system by early 2025.

Why is energy policy development important in Lithuania?

This process supports energy policy development and encourages the exchange of international best practices and experiences. Lithuania has made strong progress towards realising its vision of a secure, competitive, sustainable and innovative energy system in the Baltic region.

What is the energy storage grant programme?

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. The grants will cover a maximum of 30% of the projects’ capital expenditure costs.

When will energy storage funding be available?

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 competitive bidding process. Aid will be granted no later than 31 December, 2025.