130 employees are currently on site to stimulate the construction of the pumped storage center in Ebensee. Signatures under financing contracts were played in Luxembourg at eight and half an hour. The European Investment Bank supports the Mega project of Energie AG with 320 million euros.
After the heavy rainfall in September 2024, extra sealing measures had become necessary in the cave that extends the work for a few months – with the exception of this fact, everything goes according to plan when building the pumped storage center in Ebensee.
Now there was also a good function of the European Investment Bank: it offers Energie -AG -Loingen of a maximum of 400 million euros to expand the hydropower. The financing contracts of more than 320 million euros for the project in Ebensee were signed in Luxembourg. Another 80 million euros are available for the Traunfall that runs a hydroelectric power plant, which should replace three hydroelectric power stations at the end of the lifetime.
Energie AG is investing four billion euros in the expansion of renewable energy sources and networks by 2035. “As Energie AG Upper Austria, we have set the course for the maximum carbon -poor of the entire company with our strategy,” emphasizes CEO Leonhard Beautiful.
Reduce dependence on oil and gas imports
“The hydraulic power stations of Energie AG are another important step towards a climate-neutral energy supply and help reduce the dependence on Europe of oil and gas imports,” says Thomas Östros, vice-president of the European Investment Bank.
The work in Ebensee is progressing in the usual way according to the sealing measures. At the moment, DAM fillings for the upper water memory are currently being carried out and the caves are also being continued in the mountain. In the summer, the energy removal tunnel must be carried out to the Kohlstatt. As a green battery, the pumped storage center must be compensated for fluctuations in electricity generation from wind and tanning systems. This ensures security of delivery.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
