Paris energy storage subsidy

How much money will the EU spend on ipceis?

The 27-billion-euros of state funding for six approved IPCEIs are hoped to unlock a wave of additional private investments that would raise the tally up to some 80 billion euros. “Clean mobility” is key to the energy transition and climate targets in the EU.

How does the EU fund ipceis?

State funding for IPCEIs is partly raised through EU’s Temporary Crisis and Transition Framework (TCTF). This extended emergency measures taken after Russia’s invasion until 2025, to accelerate the rollout of renewable energy and energy storage, and promote decarbonisation of industrial production processes.

Why is France rethinking its low-carbon strategy?

France plans to revise its National Low-Carbon Strategy and the energy plan. This is an opportunity to align with the EU’s target of reducing emissions by 55% by 2030 and respond to the EU Green Deal and the related Fit-for-55% package.

Why did France earmark 1.5 billion euros for Douvrin electric battery plant?

France announced it would earmark 1.5 billion euros for its Douvrin electric battery plant project of the Automotive Cells Company (ACC) to prepare for the European Union's possible 2035 de facto ban on internal combustion engines, which has not yet been adopted, not least due to German opposition.

Does France produce 'grey hydrogen'?

In both France and Germany, this is to a large extent done with the fossil fuel natural gas as the power source, resulting in so-called ‘grey hydrogen’. As of 2022, France produced some 900,000 tonnes annually, which accounted for about 3 percent of the country’s emissions.