Marija Maisch
Spain opens €90 million funding round for 7 GWh of pumped hydro storage
Spain will provide €90 million ($105.3 million) in funding for nearly 1 GW of pumped hydro projects, adding 7 GWh of long-duration energy storage (LDES) by 2035. Each project will be eligible for a maximum €50 million grant and all work must be completed by June 30, 2035.
Spain allocates funding for 9.4 GWh of large-scale storage projects
Spain has awarded more than €818 million ($956.3 million) in European Union funding to 126 energy storage projects totaling 2.2 GW of power and 9.4 GWh of capacity.
India mandates 20% domestic content in battery storage projects
The Indian Ministry of Power has ordered all battery energy storage system (BESS) projects supported under the viability gap funding (VGF) scheme to meet a minimum 20% local content threshold, aiming to boost domestic manufacturing and innovation.
Poland allocates subsidies to 14.5 GWh of energy storage projects
Poland has awarded public support to 172 large-scale battery storage projects totaling 14.5 GWh, with construction required to be completed by the end of 2028.
Saudi Arabia connects 7.8 GWh battery storage project to grid
Saudi Electricity Co. has completed a massive storage project across three sites, enhancing grid stability and renewable integration. Once fully operational, the installation will become the world’s largest battery energy storage system (BESS).
Hungary launches $305 million subsidy for residential battery storage
The Hungarian government says its new HUF 100 billion ($305.4 million) program will support 10 kW home battery systems to boost solar self-consumption and cut evening-peak demand.
EU shift to 15-minute trading supports battery storage profits, says Rystad
Europe’s move to 15-minute spot-market intervals, effective Oct. 1, is altering the economics of battery storage, with Rystad Energy estimating that battery energy storage systems (BESS) profits in some countries have increased by more than 20%.
Poland shortlists 183 energy storage projects for EU funding
Poland’s state environmental fund says developers sought PLN 28 billion ($7.7 billion) for 20 GW and 122 GWh of storage projects – nearly seven times the program’s budget, with 183 projects eligible for funding.
Global lithium-ion battery pack prices fall to $108/kWh, says BNEF
Battery pack prices for stationary storage fell to $70/kWh in 2025, a 45% drop from 2024, making it the cheapest lithium-ion category for the first time, according to BloombergNEF (BNEF).
European energy storage startups raise €2.14 billion in equity funding
European energy storage hardware startups have secured €2.14 billion ($2.5 billion) in equity funding for commercial, industrial, and grid-scale applications, says Avnet Silica. Nearly half of that funding was raised in the past three years, and more than 80% in the last five.
