North Macedonia's Growing Investment in Energy Innovation
Key Ideas
  • North Macedonia is in talks for a EUR 360 million investment in battery production, potentially creating 500 jobs, emphasizing a shift towards high added value segments.
  • Avesta is investing EUR 10 million to build a battery factory in Kičevo, with plans to employ 600 people and boost exports to EUR 50 million, aiming for a tenfold increase within seven years.
  • Hydrogen Utopia is collaborating with a local firm to build a facility for hydrogen production from waste plastics, showcasing a commitment to innovative and sustainable energy solutions.
  • Minister Božinovska is leading projects for battery energy storage systems and pumped storage hydropower plants to enhance grid stability and flexibility, with investments in power substations for renewable energy projects.
Prime Minister Hristijan Mickoski revealed that North Macedonia is in final negotiations with a European company for a EUR 360 million investment in battery production, focusing on creating 500 jobs and diversifying into high added value segments. Avesta is investing EUR 10 million to establish a battery factory in Kičevo, aiming to expand employment to 600 people and increase exports significantly. Hydrogen Utopia is partnering with a local firm to construct a hydrogen production facility from waste plastics. Minister Božinovska is spearheading projects for battery energy storage systems and pumped storage hydropower plants to enhance grid stability and flexibility. This innovative approach showcases North Macedonia's commitment to sustainable energy solutions and attracting foreign investments in the energy sector.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.