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 the battery storage industry growing in Czechia?

The Battery Storage industry in Czechia is growing rapidly, driven by the country's commitment to renewable energy and sustainability. Key considerations include the regulatory framework, which supports the integration of battery storage systems into the energy grid.

Who is gas storage CZ?

They focus on innovative and secure energy storage methods, which aligns with the growing demand for battery storage solutions. Gas Storage CZ specializes in underground gas storage solutions, operating six facilities with a total working volume of 2.7 billion cubic meters.

Who is Magna energy storage?

Magna Energy Storage a.s. Magna Energy Storage a.s. was established in May 2017 with the aim of building a new plant for the production of high-capacity HE3DA® batteries in the Industrial Zone František, Horní Suchá. It is a purely Czech joint stock company with no foreign capital participation.

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.

How does the Czech government cope with higher energy bills?

Unlike other European countries, the Czech Government has traditionally relied on the market to self-regulate, avoiding state intervention. This means that as prices rose, consumers and businesses had to cope with higher energy bills.