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Global Trade Alert

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United Kingdom: Introduction of funding to support commercial development of longer-duration energy storage

Description

On 2 May 2024, the UK Infrastructure Bank announced direct equity support having a value of GBP 25 million (USD 31.2 million) to Invinity Energy Systems to support its commercial development of longer...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 May 2024

Revocation date

No revocation date

Implementation level

NFI

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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