Utility scale ESS project financing options in Czech 2025

How much energy storage will Europe have in 2022?

Many European energy-storage markets are growing strongly, with 2.8 GW (3.3 GWh) of utility-scale energy storage newly deployed in 2022, giving an estimated total of more than 9 GWh. Looking forward, the International Energy Agency (IEA) expects global installed storage capacity to expand by 56% in the next 5 years to reach over 270 GW by 2026.

How will the EIB loan help the Czech Republic?

With the EIB loan ČEZ will upgrade the power grid that would be thus able to absorb up to additional 5.5 gigawatts of new renewables. The increase in renewables supply in the Czech Republic will enhance the country’s energy independence.

How much ERDF does the Czech Republic spend on climate?

Furthermore, 30 per cent of the ERDF and 37 per cent of the Cohesion Fund is expected to be earmarked for climate objectives. However, using an alternative methodology to the government’s, we found that the Czech Republic’s climate spending does not reach the overall target of 30 per cent.

What does the European Commission say about energy storage?

The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.

How much energy storage capacity does the EU need?

These studies point to more than 200 GW and 600 GW of energy storage capacity by 2030 and 2050 respectively (from roughly 60 GW in 2022, mainly in the form of pumped hydro storage). The EU needs a strong, sustainable, and resilient industrial value chain for energy-storage technologies.

How much flexibility is needed in the EU electricity system?

The need for flexibility in the electricity system will increase significantly in all EU countries, reaching 24% (288 TWh) of total EU electricity demand in 2030 and 30% (2 189 TWh) by 2050 across all timescales (from 11% in 2021).