Mine Storage, leveraging its extensive experience and partnerships, aims to enhance grid stability through innovative energy storage solutions utilizing abandoned mines, contributing to Europe's green transition.
With only 3% of produced electricity currently being stored, the need for effective grid-scale energy storage has never been greater. Mine Storage's approach reduces environmental impacts.
The €22M grant from the EU Innovation Fund signifies a pivotal step in supporting Mine Storage's commitment to integrate renewable energy and ensure long-term sustainability in energy production.
Mine Storage plans to utilize its infrastructure expertise to provide energy storage solutions that adapt to local market conditions, optimizing revenue while supporting the decarbonisation effort.
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