Before the end of 2024, Greece intends to provide subsidies for standalone battery projects of 200 MW in total via the third auction. The Ministry of Environment and Energy issued a decree determining the available operating power quota. Together with the support awarded in the first two auctions, the volume would reach 900 MW, just short of the 1,000 MW
Photovoltaic inverter and energy storage system provider Sungrow launched a strategic partnership with Ktistor Energy for the deployment of liquid-cooled battery energy storage systems (BESS) in Greece. PowerTitan 2.0 will be deployed within four energy storage facilities. It is the first time that the liquid-cooled battery energy storage
Montenegro''s Elektroprivreda Crne Gore (EPCG) has upped the ante for its first battery energy storage tender. In a pioneering move for state-owned utilities in the
According to the President of Boars of Directors of Montenegrin state-owned power utility EPCG Milutin Djukanovic, the company has significantly advanced projects
Energy storage could be the key component for efficient power systems transition from fossil fuels to renewable sources. The core objective of this paper is to investigate the cost-effectiveness of pumped hydro storage and large-scale battery storage systems.
Western Balkans have high potential for pumped-hydro storage investment due to the geographical region, and high hydro generation. Profits from the simulated price arbitrage are
The business case for co-located renewable energy and battery storage assets will be a key topic at the 4th edition of RE-Source Southeast, taking place on May 15-16, 2024 at Sofia Tech Park. A dedicated discussion panel will gather experts from Bulgaria, Greece, and Romania to share local market insights and tips for successful investments.
Uncertain profits could slow down battery storage roll-out. The report also analyzed the scenario that involves a 30% tax credit for battery storage operators. In such an environment, energy storage arbitrage would be profitable in most of the analyzed markets, while only three would stay in the red – Switzerland, Norway, and Sweden.
The company is working on a large-scale 220 MW Battery Energy Storage System project in North Rhine-Westphalia and is likely to be commissioned in 2024. The battery energy storage systems industry has witnessed a higher inflow of investments in the last few years and is expected to continue this trend in the future. According to the
Some Balkan countries are already bullish on storage, as demonstrated by the Croatian government''s €500 million investment into battery system development. Looking ahead, the future looks bright for the renewable energy transition in the Balkans.
Capital expenditure for battery energy storage systems – BESS has been dropping quickly, said Valkouma, whose company is investing and developing projects in Greece and other countries. Faria Renewables was one of the winners at the second battery auction in Greece. It has a strategic target of more than 5 GW.
Energy storage could be the key component for efficient power systems transition from fossil fuels to renewable sources. The core objective of this paper is to investigate the
04 November 2024 - Developers of 249 projects in Bulgaria will receive EUR 268 million in total grants for renewable electricity plants with energy storage. 31 October 2024 - A subsidiary of
The business case for co-located renewable energy and battery storage assets will be a key topic at the 4th edition of RE-Source Southeast, taking place on May 15-16, 2024 at Sofia Tech Park. A dedicated discussion
As for the rest of the region that Balkan Green Energy News covers, there is still very little battery production capacity, but several major projects are underway. They include mining investment proposals. Lithium
The region''s vast potential for solar, wind, and hydropower, combined with advances in energy storage, is positioning the Western Balkans as a player in Europe''s green energy future. This article explores the economic drivers, technological advancements, and policy shifts pushing this energy transition forward.
04 November 2024 - Developers of 249 projects in Bulgaria will receive EUR 268 million in total grants for renewable electricity plants with energy storage. 31 October 2024 - A subsidiary of Monsson Group revealed a battery storage project for just over 2 GWh on 20 hectares in Constanța county.
Montenegro''s Elektroprivreda Crne Gore (EPCG) has upped the ante for its first battery energy storage tender. In a pioneering move for state-owned utilities in the Balkans, Montenegro''s largest power utility, EPCG, is planning to launch a large-scale, battery energy storage procurement exercise by the end of 2024.
Monsson is completing the second phase of a battery energy storage system within a hybrid power plant project in Constanța. Testing is due soon for a 96 MWh facility. It consists of three units of 24 MW in total and a four-hour duration. The first part is 6 MW and 26 MWh. The company intends to install an overall 216 MWh there. Monsson said in August that
Capital expenditure for battery energy storage systems – BESS has been dropping quickly, said Valkouma, whose company is investing and developing projects in Greece and other countries. Faria Renewables was one
Greece kicks off third battery storage auction – for 200 MW. 12 November 2024 - issued a public call for the country''s third auction for subsidies for standalone battery storage projects. Romania. Dama Solar project of over 1 GW in Romania stuck in court over biodiversity. 07 November 2024 - At 1.04 GW, Dama Solar would currently be the largest
The establishment of a battery storage system in a small hydropower power plant in Idrija is carried out by Kolektor Sisteh as part of a three-year smart grid project. New Energy and Industrial Technology Development Organization (NEDO), its authorized contractor Hitachi and ELES are the main partners. The completion and commissioning of the equipment are
Rimac Energy''s SineStack is a modular and scalable system with a 40% improvement in floor space. Rimac Energy, based in Croatia, has been designing the most technologically advanced battery energy storage system in the world, he claimed. "Our system is a fully integrated battery energy storage and power delivery solution. We''ve developed
The region''s vast potential for solar, wind, and hydropower, combined with advances in energy storage, is positioning the Western Balkans as a player in Europe''s green energy future. This article explores the economic
In the meantime, regional news outlet Balkan Green Energy News offered a brief report on the project, which is in Jesenice, north-west Slovenia. The site reported that the battery energy storage system (BESS) will be used to balance grid frequency in the area and could help integrate much larger shares of renewable energy onto the grid, also reporting that
The EU is lowering environmental standards for mining lithium and other materials for the energy transition, but the Western Balkans and other third countries are set to take an even heavier burden.
The EU is lowering environmental standards for mining lithium and other materials for the energy transition, but the Western Balkans and other third countries are set to take an even heavier burden.
According to the President of Boars of Directors of Montenegrin state-owned power utility EPCG Milutin Djukanovic, the company has significantly advanced projects contributing to the development of green energy, receiving full support from the Government in their implementation.
Some Balkan countries are already bullish on storage, as demonstrated by the Croatian government''s €500 million investment into battery system development. Looking
Western Balkans have high potential for pumped-hydro storage investment due to the geographical region, and high hydro generation. Profits from the simulated price arbitrage are higher with higher price-spreads that happen in the electricity
The case of Western Balkans - ScienceDirect Economics of electric energy storage. The case of Western Balkans State of the art of technology and application of pumped hydro and battery storage systems. Overview of the installed electricity storage capacities in Western Balkans.
But Vulcan Energy is actually developing the technology to extract lithium from geothermal water, without mining. The list seems to be incomplete, as there is a lithium mining project in the Czech Republic, for instance, and geothermal extraction efforts in Italy and the United Kingdom.
The method of approach is based on an economic assessment of the different types of storage depending on capital-recovery-factors for the capital costs, life cycle costs, full load hours, the price spread of electricity in the day-ahead markets, and Levelized costs of energy storage. Sensitivity analysis of the market prices is conducted.
Asked about whether the company intends to source lithium materials from Serbia, founder and CEO Nemanja Mikać told Balkan Green Energy News that the plan is to import the commodities. ElevenEs requires lithium iron phosphate for cathodes, he stressed. Mikać noted that Rio Tinto’s project is on hold in Serbia.
The transition to electric and hybrid vehicles is making lithium ion batteries a strategic technology, as other available solutions are still in their infancy. The administration in Brussels is counting on the countries that it sees as reliable to provide the critical materials for the energy transition.
In the region tracked by Balkan Green Energy News, there are ten potential nickel mining sites: three in both Albania and Turkey, and one each in Serbia, North Macedonia, Kosovo* and Greece. Mining and processing of lithium, copper and nickel can be devastating for the population’s health, agriculture, water sources and biodiversity.
Our team brings unparalleled expertise in the energy storage industry, helping you stay at the forefront of innovation. We ensure your energy solutions align with the latest market developments and advanced technologies.
Gain access to up-to-date information about solar photovoltaic and energy storage markets. Our ongoing analysis allows you to make strategic decisions, fostering growth and long-term success in the renewable energy sector.
We specialize in creating tailored energy storage solutions that are precisely designed for your unique requirements, enhancing the efficiency and performance of solar energy storage and consumption.
Our extensive global network of partners and industry experts enables seamless integration and support for solar photovoltaic and energy storage systems worldwide, facilitating efficient operations across regions.
We are dedicated to providing premium energy storage solutions tailored to your needs.
From start to finish, we ensure that our products deliver unmatched performance and reliability for every customer.