Additional funding for storage facilities amounts to 37.33 million euros and is intended for legal entities to install electricity storage facilities. The Ministry of Energy made the decision after assessing the results of the call that ended on June 17 - APVA received more than 50 applications for almost 198 million euros, although only 102 million euros were initially allocated.
According to Energy Minister Žygimantas Vaičiūnas, investor activity shows a growing need to develop high-capacity storage capacities that ensure system flexibility and reliability. Environment Minister Povilas Poderskis emphasizes that this support will contribute to the development of renewable energy, strengthening energy independence and reducing greenhouse gas emissions.
Applications are currently being assessed: administrative compliance is checked for up to 30 working days, technical assessment may take the same amount. Support is provided for storage facilities with a capacity of 15 MW to 150 MW, intended for balancing services. The subsidy can amount to up to 30% of eligible costs.
By 2028, it is planned to create an investment and regulatory ecosystem, expanding the capacity of electricity storage facilities to 1.5 GW, with a total capacity of 4.4 GWh.
More information: Announcement from the Ministry of Energy