A new energy storage support framework aiming to foster renewable energy growth is being prepared by RAE, the Regulatory Authority for Energy, and should be completed by the end of the year, the authority’s chief executive Nikos Boulaxis has told the Thessaloniki International Fair.
“The future of renewable energy is linked to the ability to store it. RES growth and decarbonization cannot be achieved without storage and strong interconnections,” Boulaxis noted.
The RAE boss underlined storage system development is vital for the non-interconnected islands as this would encourage RES installations prior to the completion of grid interconnection projects and also offer support to the interconnections.
The energy storage plan has already undergone public consultation. RAE is now working on shaping its proposal in collaboration with the energy ministry, responsible for any legislative revisions to be needed.
Also, the plan will soon be discussed with the European Commission for approval details concerning state aid as well as its target model compatibility.