Global Trade Alert
Global Trade Alert

Sweden: Mine Storage H1 SPV One AB gets EUR 16.3 million grant from the EU's Innovation Fund

Announcement

03 Mar 2025

In March 2025, the European Commission provided a financial grant to Mine Storage H1 SPV One AB for the “Pumped Storage Hydropower Plant in a decommissioned mine” project.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Mar 2025

Revocation date:

No revocation date

Updated: 03 Mar 2025
Financial grant In force

On 3 March 2025, the European Commission approved a EUR 16.3 million (USD 17.1 million) financial grant for Mine Storage H1 SPV One AB. The grant was provided for the company’s involvement in the “...

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