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EU support for electricity storage project in Lithuania

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The European Union will provide 180 million euros in public support for Lithuania’s electricity storage project. The European Commission announced that the plan, which includes public aid for the installation of electricity storage systems to support Lithuania’s transition to a net-zero economy, has been approved. According to the statement, Lithuania will provide 180 million euros in support for electricity storage technologies under the Green Deal Industry Plan, which will ensure smooth integration of electricity generated from renewable sources into the system and enhance the country’s energy security. The statement also mentioned that public aid will be provided in the form of direct grants to support the construction of at least 1200 megawatt-hours of new electricity storage capacity by the end of 2025, and the projects to be supported will be determined through a competitive bidding process. The authority to determine how member states of the EU will provide public support falls within the responsibility of the European Commission. Member states can only use public aid with approval from the EU in ways that do not harm competition and are in the public interest.

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