Croatia's first battery energy storage facility connected to the national transmission grid is taking shape near Šibenik, marking a significant step in modernising the country's energy infrastructure. . The European Bank for Reconstruction and Development (EBRD) is providing a direct equity investment of up to €16. 8 million in IE‑Energy Projekt, a newly established joint‑stock company developing a greenfield battery energy storage system (BESS) and virtual power plant (VPP) in Šibenik, Croatia. The €60 million investment, co-financed by the European Bank for Reconstruction and Development. . Croatia is taking a major leap forward in its green energy transition, backed by a significant investment from the European Bank for Reconstruction and Development (EBRD) and other key partners.
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Any must match electricity production to consumption, both of which vary significantly over time. Energy derived from and varies with the weather on time scales ranging from less than a second to weeks or longer. is less flexible than, meaning it cannot easily match the variations in demand. Thus, without storage presents special challenges to .
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