Remove Economy Remove Energy Storage Remove Financing Remove Poland
article thumbnail

EC approves €3.2B public support by 7 Member States for a pan-European battery push

Green Car Congress

The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. stationary energy storage, power tools, etc.).

Batteries 259
article thumbnail

BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

Other areas of energy transition investment also showed strength. Domestic installation of energy-efficient heat pumps came to $50.8 billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 Biomass and waste-to-energy financings were down 3% at $10 billion.

2020 259
article thumbnail

BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

A similar plant in China and Poland would cost an estimated $112 million and $65 million, respectively. Precursor material produced at plants in the DRC could be cost competitive with material produced in China and Poland but with a lower environmental footprint. —James Frith, head of energy storage at BNEF.

Africa 221