This project is designed to support the Commonwealth of Dominica in developing and integrating clean, sustainable and low-cost energy.
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The subsidies cover up to 35% of installation costs for battery storage systems integrated with solar or wind power.
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The HYBRIT initiative was launched in 2016 by owners SSAB, LKAB and Vattenfall with the aim of developing the world's first fossil-free ore-based iron- and steelmaking using fossil-free electricity and hydrogen gas.
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Additionally, the energy storage capacity subsidy is a one-time payment of 200 CNY/kW, while there are ongoing subsidies for charging and discharging (0. 5 CNY/kWh) and for peak-valley arbitrage (0.
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