India has laid out an initiative to provide 37.6 billion rupees ($455.2 million) in subsidies to accelerate establishment of battery storage projects, which are expected to produce 400 megawatt-hours (MWh) of energy and are part of a broader plan announced earlier this year to boost the nation’s renewable energy capacity to 500 gigawatts (GW) by 2030. The Indian government said one of its key targets is to lower cost of battery energy storage from the existing rate of 5.5-6.5 rupees per unit. The program primarily targets large-scale battery energy storage systems to decrease costs through competitive bidding.

The European Union is considering a mandatory ban on companies that might pose a security risk in member states’ 5G networks, including Chinese telecoms giant Huawei. The move comes as Brussels has been increasingly concerned that some national governments are delaying action on the matter. 

Germany is launching a programme to provide around €50 billion over the next 15 years to help its industry with soaring energy and raw material costs, as part of an effort to help the industrial sector fund a shift towards carbon neutral production techniques. The finances will come from a so-called climate and transformations fund, being fed by proceeds from emissions trading and other sources, although the economy and finance ministries both pointed to ongoing talks over Germany’s budget, suggesting details have yet to be hammered out.