RAE hybrid project licenses for islands include Accusol, EDF

German energy storage company Accusol and French corporate group EDF, already firmly present in the Greek market, are among a number of investors, local and foreign, to be granted the country’s first hybrid production licenses by RAE, Greece’s Regulatory Authority for Energy, for island projects.

The authority is believed to be preparing to officially issue these licences, already approved by its board.

Accusol’s licences concern the installation of hybrid energy storage systems on nine Greek islands, including Patmos, Kasos, Anafi and Gavdos.

The German company, working closely with Siemens, is offered technical consultancy by the Karlsruhe Institute of Technology.

For the financing needs of its hybrid energy projects on Greek islands, Accusol has secured a 90 million-euro loan from Alpha Bank and Siemens with German government guarantees through the Heuler Hermes export credit agency.

Accusol has already launched, free of charge, a pilot BESS (Battery Energy Storage System) project on the island Karpathos for Greek power utility PPC, following an agreement late in 2016.

The company’s BESS system uses lithium-ion batteries to store renewable energy.

Development and Investment minister Adonis Georgiadis made indirect reference to Accusol at a Berlin investment forum yesterday, noting “licenses for solar energy production and storage, on Greek territory, have been granted”, without naming the company.


PPC to test pioneering RES energy storage system on island

Serving as an indicator of its possible future moves in the renewable energy (RES) sector, main power utility PPC has decided to install – as a pilot project – a pioneering lithium-ion battery system for energy storage at its production facility on the Dodecanese island of Karpathos.

The battery energy storage system, developed by German company Accusol, will be used on a trial basis over a six-month period, free of charge, while PPC will be given the right to extend this period by a further six months. The battery energy storage system, featuring hybrid technology, has a 40-KW capacity.

This technology promises to store renewable-source energy and be injected into the grid whenever required, without destabilizing the network.

The storage capacity of lithium-ion battery systems promises to help counter the shortcomings of RES facilities, which cannot function uninterruptedly as a result of their reliance on specific weather conditions – sun for solar parks and windy conditions for wind parks.

Though relatively small, Accusol maintains a close association with fellow German corporate giant Siemens. The firm began producing high-tech energy storage products in 2012. Accusol also collaborates with Germany’s Windwärts Energy GmbH on the installation of photovoltaic systems for industrial use, as well as other firms on a variety of projects.