What is CNTE's C&I energy storage project?
1MW/1MWh Project Highlight CNTE’s C&I energy storage initiative has been successfully deployed in Brno, Czech Republic, facilitating a green transformation for the local industrial park.
Will a battery storage system help Czech companies achieve net zero?
The high penetration of renewable generation projects in the region could deliver a large amount of clean energy and really accelerate the journey to net zero, but at the moment Czech companies are not in a position to reap the full benefits of solar and other renewable energy sources. To do so, battery storage will be essential.
Why is Hitachi energy investing 1.1 billion CZK in Brno?
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.
Why is Hitachi launching a switchgear factory in Brno?
“ As the global high-voltage switchgear market is expected to grow by 140 percent, reaching $60 billion by , 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.
How has the energy crisis impacted the Czech Republic?
With coal dominating the energy mix, the Czech Republic has traditionally enjoyed low electricity prices and a steady supply of domestic fuel. However, the recent energy crisis, together with pressure from stakeholders and regulatory bodies to decarbonise, has triggered an unprecedented shift in the country’s energy market.
Why are Czech businesses investing in renewable projects without subsidies?
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.
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