EC approves €1.2bn Polish scheme for electricity storage capacity

The European Commission has approved a €1.2 billion ($1.32 billion) Polish initiative to support the development of at least 5.4GW of new electricity storage capacity. The scheme, part of the State aid Temporary Crisis and Transition Framework (TCTF), aims to reduce Poland’s dependence on fossil fuels and enhance the integration of renewable energy sources into the national grid. The funding will come from the Modernisation Fund and the Recovery and Resilience Facility, following the EC’s…