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Global Trade Alert

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United Kingdom: UK government announces funding for SynchroStor’s electrical energy storage project

Description

On 12 April 2023, the Department for Energy Security and Net Zero of the United Kingdom announced awarding SynchroStor GBP 9.4 million (USD 11.7 million) for an electrical energy storage project. Fund...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

12 Apr 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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