Lithium ion storage project financing options in Poland 2025

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6 FAQs about [Lithium ion storage project financing options in Poland 2025]

How much money will Poland receive from the modernization fund?

Funding for the program comes from the Modernization Fund (FM), which underscores the importance of the project for modernizing the energy system. By 2030, Poland could receive about 60 billion zlotys from the FM for energy transition goals. The call for applications runs from June 17, 2024 to June 16, 2025, or until funds are exhausted.

Who can apply for energy investment aid in Poland?

Eligible applicants include entrepreneurs registered in Poland, municipal companies with local government participation, and members of energy cooperatives. The aid may be granted on condition that the investment project has not been commenced before March 9, 2023.

Are subsidies available for energy storage facilities?

Subsidies are available for energy storage facilities, as long as they are integrated with the energy source being implemented as part of the investment. The program provides support covering up to 20% of eligible costs. The continuation of both programs is planned with a larger budget.

How much PLN can a storage facility get subsidized?

The program provides subsidies of up to PLN 17,000 for electricity storage facilities. The minimum storage capacity eligible for support is 2 kWh, with a maximum subsidy of PLN 6,000 per kWh. Such support provides a strong incentive to invest in these technologies.

Who owns the new PCAM facility in Poland?

The new pCAM facility in Poland will be solely owned and operated by Ascend Elements. In the United States, Ascend Elements owns and operates one of North America’s largest battery recycling facilities in Covington, Georgia.

What is the minimum storage capacity eligible for PLN support?

The minimum storage capacity eligible for support is 2 kWh, with a maximum subsidy of PLN 6,000 per kWh. Such support provides a strong incentive to invest in these technologies. In 2025, the program will continue to support the stabilization of the electricity grid.

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