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EU approves €1.1 billion French scheme to support electricity storage

Subsidy Electricity Storage announced France Feb 1, 2026
EUR1100M
Deal Value

The European Commission has approved a €1.1 billion French scheme to support electricity storage. The scheme aims to improve the flexibility and security of the electricity grid.

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Counterparts (2)

provider
French Government
company
The French Government plays a significant role in infrastructure development and investment within France and internationally. Its investment strategy focuses on supporting sustainable development, energy transition, and modernizing transportation networks.
regulator
EU
company
EU is an infrastructure company focused on investments and development across various sectors. Their strategy involves identifying and capitalizing on opportunities in both established and emerging markets.

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Timeline

Announced
Feb 1, 2026
Signed
Closed

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Source

www.indiasmartgrid.org
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