Billions from the Recovery Plan and the Capacity Market. The Timeline of Major Energy Storage Investments Revealed
Energy storage is becoming the cornerstone of the Enea Group’s investment strategy. The company has announced that it holds grid connection conditions for projects with a total capacity of nearly 1.4 GW. This investment leap is to be financed with a record budget—capital expenditures in 2026 are expected to exceed PLN 9 billion.
Energy storage as a management priority
During a recent press conference, Enea representatives clearly outlined the company’s development direction for the coming years. The group currently has almost 1.4 GW of issued technical grid connection conditions for energy storage projects. The plan is ambitious and covers a wide range of technologies.
“An absolute priority for the Enea Group this year is energy storage. We already have nearly 1.4 GW of capacity with issued grid connection conditions,” said Bartosz Krysta, Vice President of Enea.
The planned investments include:
- Large‑scale standalone storage facilities connected to high‑ and medium‑voltage grids.
- Hybrid installations integrated directly with existing photovoltaic farms.
According to the schedule, tender procedures will begin later this year. Construction work is planned for the turn of the first and second quarters of 2027. Enea assumes that approximately 70% of these installations will be commissioned in 2027, with the entire rollout completed in the first half of 2028.
Billions for transformation and distribution
The year 2026 will be marked by substantial spending. The planned CAPEX of PLN 9.08 billion will be allocated among key business segments:
- PLN 4.2 billion (46%) – generation,
- PLN 3.3 billion (36%) – distribution and grid modernization,
- PLN 0.8 billion (9%) – mining,
- PLN 0.5 billion (6%) – renewable energy sources (with management announcing increased RES spending in the following year).
The company’s management emphasizes a rational approach to decarbonization. Investments, including combined‑cycle gas turbine projects in Kozienice, are closely aligned with capacity market mechanisms. The group has already secured nearly PLN 16 billion in future revenues from this source.
Financing from the Recovery Plan and REPowerEU
Implementing such an ambitious plan requires efficient access to external funding. Enea actively draws on EU funds. To date, the company has obtained PLN 790 million from the National Recovery Plan, and in 2026 it aims to increase this amount to PLN 1.9 billion. At the same time, a race against time is underway under the REPowerEU program, where the group’s goal is to secure more than PLN 1.1 billion by the end of the year.
The management also reassured investors on structural matters—there are currently no plans to separate the Bogdanka coal mine from the group, which continues to pursue a production target of 8 million tonnes of coal annually.