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21 Jun
14:26

European Commission approves Hungary’s €1.1 billion aid for energy storage projects

The European Commission has approved a €1.1 billion ($1.2 billion) state aid scheme proposed by Hungary to fund energy storage projects, including stationary battery storage, Kallanish reports.   The clearance comes under the EU’s Temporary Crisis and Transition Framework regulation, adopted this March to accelerate the green transition and reduce fuel dependency from Russia. The aid will be granted both as an investment grant paid during the const…
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