Czech Republic Energy Storage
Leading Czech manufacturers of advanced Li-Ion batteries (OIG Power, Fitcraft, GWL Power, A123 Systems, EV Battery, HE3DA /Magna Energy Storage) successfully
Hitachi Energy is investing over 1.1 billion CZK (approximately $47 million USD) to expand its High Voltage Products factory in Brno, Czech Republic, marking a significant step in the company's global strategy to support the clean energy transition.
Bulk energy storage is currently dominated by hydroelectric dams, both conventional as well as pumped. There are six localities considered for new pumped-storage hydroelectric power plants in the Czech Republic but public acceptance presents a challenge. Front-of-meter installations in the Czech Republic are mired in regulations.
The subsidy increases to cover up to 75% of costs for community projects. But what we noticed at Wattstor is that Czech businesses are investing in renewable projects even in the absence of subsidies, because they have realised the strong business case for generating clean energy on site.
“ As the global high-voltage switchgear market is expected to grow by 140 percent, reaching $60 billion by 2050, the Brno facility is central to Hitachi Energy's strategy to help integrated renewables and improve grid reliability. For employees at the Brno factory, the announcement of the modernization and expansion is cause for excitement.
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