The Utena Battery Park in Lithuania is expected to be completed by the end of the year, as Energy cells, the operator of the electricity storage system, has recently delivered all the necessary equipment.
Innovative systems designed to improve wind turbine performance and robotic solutions to handle industrial inspections are among the latest investments of ORLEN VC which specialises in promising technology startups.
Klaipėdos Nafta (KN) signed letters of intent with Akmenės Cementas and Orlen Lietuva for a joint feasibility study to assess the potential of liquefied CO2 capture and storage (CCS) technology for industrial companies in the country.
Czech car maker Škoda Auto teamed up with leading universities to conduct research projects on the life cycle of batteries and boost domestic expertise in batteries. Vice-President of the European Commission, Maroš Šefčovič welcomed the initiative as a clear demonstration of Czechia's drive to succeed in the fast-growing battery sector after meeting the representatives of the stakeholders.
Research and innovation play a key role in building an inclusive, sustainable, competitive and resilient Europe. Overall, according to the 2022 edition of the SRIP report, the EU remains a strong player.
The core of the innovative solution of Finish start-up Polar Night Energy is its patented high-temperature large-scale heat storage, which can store renewable electricity for months at a time, overcoming a major hurdle in energy storage.
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