With €17.3 million from the Innovation Fund, ScaleUp will construct a 20 MW underground thermal energy storage system in Vienna, storing excess summer heat for use in winter. This 40,000 m³ vertical storage tank enhances district heating flexibility, reducing reliance on fossil fuels and cutting CO₂ emissions by 81,000 tonnes over its first ten years of operation. The project promotes cost-efficient urban heating decarbonisation, making renewable energy more reliable year-round. The Innovation Fund is 100% funded by the EU Emissions Trading System.
- Beneficiaries
Coordinators: Wien Energie Gmbh
- Project Location
Austria
- EU funding
€17.4 million
- Funding source
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- Highlighted
The project focuses on building a new production line for the next-generation cylindrical battery known as the 46 series, designed specifically for powering electric vehicles (EVs) and is expected to start operating in the third quarter of 2028.
- Highlighted
The AGATHE project involves expanding Verkor's battery factory in Dunkirk, France, doubling its production capacity from 8 GWh to 16 GWh. This expansion incorporates cutting-edge technologies, including automation and artificial intelligence, to make manufacturing more efficient and sustainable.
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