Northern Ireland energy storage project bags extra €8.3m from EU

clock • 3 min read

Gaelectric hails second round of EU funding for its compressed air energy storage project, as EIB announces €62m investment in renewable energy fund

A novel Northern Irish project that plans to use compressed air to store energy has received an additional €8.3m in EU funding, the firm behind the scheme announced on Monday. The project, which is...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Lloyds targets £100bn in sustainable and transition finance by 2030

Lloyds targets £100bn in sustainable and transition finance by 2030

Bank unveils updated financing target alongside new Sustainable and Transition Finance Framework

Stuart Stone
clock 17 August 2026 • 2 min read
Ecology Group acquires Urban Edge Environmental Consulting

Ecology Group acquires Urban Edge Environmental Consulting

Deal marks the environmental consultancy's tenth acquisition since it was founded in spring 2025

BusinessGreen staff
clock 13 August 2026 • 2 min read
Metal Morph raises £700K backing to recover aluminium and chemicals from wastewater

Metal Morph raises £700K backing to recover aluminium and chemicals from wastewater

London-based firm announces results of pre-seed funding round co-led by Sustainable Ventures and Green Angel Ventures, with participation from Aqcelerator and Found Capital

Stuart Stone
clock 13 August 2026 • 3 min read