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Cyprus Government Unveils New Energy Storage Grants To Slash Electricity Costs

by THEFUTURE.TEAM

In a bold move to combat rising energy costs and strengthen energy security, Cyprus President Nikos Christodoulides has announced new government grant schemes for energy storage systems aimed at both businesses and households.

The initiative is designed to reduce electricity costs by promoting the use of energy storage technologies and increasing the share of Renewable Energy Sources (RES) in the national energy mix. Christodoulides emphasized that this move is part of broader efforts to enhance energy security across the island.

During the presentation of the Government’s Annual Programme for 2025 on 29 January, the President revealed that the government is launching the “Photovoltaics for All” scheme, targeting small businesses. This initiative is set to play a key role in encouraging businesses to invest in solar energy solutions, thus lowering their energy bills. Additionally, the competitive electricity market is expected to open fully, giving consumers more choice and flexibility.

The government is also making significant strides to improve Cyprus’ energy infrastructure, with the Liquefied Natural Gas (LNG) terminal at Vasilikos near completion. This project is expected to reduce the reliance on conventional electricity generation methods and help lower overall electricity costs.

Looking further ahead, the President confirmed that efforts to exploit natural gas reserves in Cyprus’ Exclusive Economic Zone (EEZ) would intensify throughout 2025. Specifically, he announced plans for two new drilling operations at the ‘Elektra’ and ‘Pegasus’ targets. On top of that, President Christodoulides is set to travel to Egypt on 17 February to sign agreements aimed at the commercial development of the ‘Kronos’ and ‘Aphrodite’ gas fields, marking a significant step in Cyprus’ energy strategy.

Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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