IPTO: At least 3 new gas-fired power stations will be required

At least three new gas-fired power stations will be needed to ensure energy sufficiency within the next few years, but these new facilities will require a support mechanism to remain sustainable, a study conducted by power grid operator IPTO, looking ahead to the period between 2025 and 2035, has determined.

This IPTO study, whose findings have been unofficially handed over to the energy ministry, is essentially transitional as its outlook regarding the increase in RES and energy storage installations falls short of announcements made recently by energy minister Kostas Skrekas for the country’s updated National Energy and Climate Plan.

IPTO will make related revisions to the study once an upgraded NECP is officially approved.

Even so, two fundamental issues raised by the IPTO study appear unlikely to change. Firstly, the growing presence of wind and solar energy units in the energy system will need to be accompanied by the installation of more thermal plants, especially gas-fired power stations, given the existing capabilities of energy storage technology, in order to ensure electricity sufficiency.

Besides the new Ptolemaida V power station, now gearing up for a full-scale launch by the end of February – initially as a low-emitting lignite-fired power station before eventually converting to natural gas – at least three big gas-fired power stations will also be needed.

The IPTO study’s second fundamental finding unlikely to change concerns the need for support mechanisms to ensure the sustainability of both new and old power stations, given the concurrent installation of new RES units, energy storage facilities and gas-fired power stations. The energy ministry, as a result, will need to seek European Commission approval of Capacity Remuneration Mechanisms (CRM).

The IPTO study takes into account two RES penetration scenarios, one based on the existing NECP, established in 2019, forecasting RES installations of 15.5 GW and energy storage installations of 1.8 GW by 2030. The other scenario, more ambitious, assumes RES installations of 24 GW and energy storage installations of 3 GW by 2030.

First energy storage auction to be announced end of 1Q in ’23

Energy ministry officials have reached an advanced stage for a formula concerning standalone battery system auction rules, but are expected to require a further two months or so to finalize all the details.

Given the work still needed, officials are expected to announce a first standalone energy storage auction at the end of the first quarter in 2023.

The capacity to be allocated for each of two auctions is one of the details that still need to be determined at the energy ministry.

Officials initially intended to evenly split an overall capacity of 900 to 1,000 MW between the two sessions, but are now considering allocating a greater share of the total to the first of the two auctions.

In addition, ministry officials have yet to decide on the licensing maturity level investors behind storage units will need to have reached in order to be able to participate in these auctions.

Investors may be required to have obtained finalized connection terms to be considered eligible for the energy storage auctions, a prerequisite that applies for renewable energy facilities and their respective auctions.

Whatever the outcome, authorities are looking to create conditions that will ensure high levels of auction participation and competition amongst bidders.

The government plans to allocate a Recovery Fund sum of 200 million euros as support for energy storage projects.

As regards energy storage projects for which permits have already been issued, 62, or 22 percent of the total, are planned to have capacities in excess of 100 MW. Of these, 16 possess capacities of more than 200 MW, the largest of these reaching 300 MW.

 

 

EU gas price cap agreement to also propel other measures

A gas price cap agreement reached at yesterday’s Energy Council also promises to propel a series of significant energy-sector measures such as collective gas purchases, solidarity mechanisms, a new benchmark and fast-track procedures for renewable energy units in the EU.

EU energy ministers agreed to trigger a cap if prices exceed 180 euros per MWh for three days at the Dutch TTF index, which serves as the European benchmark.

Member states that have supported the lower-level gas price cap agreed to, including Greece, wanted the series of measures incorporated as one package alongside the gas price cap. These measures are expected to be shaped and implemented swiftly in order to protect the EU’s natural gas supply security and contain natural gas price levels.

The European Commission has proposed collective gas purchases representing at least 15 percent of the EU’s gas storage capacity, the intention being to bolster the bloc’s negotiating power.

The Brussels measures also call for improved solidarity mechanisms to counter any possible supply shortages; the establishment of a new LNG pricing index by March, 2023, as an alternative benchmark to the TTF; as well as prioritizing RES projects and simplifying green energy licensing procedures to reinforce Europe’s energy independence.

RES investors adding storage units for grid connection priority

A considerable number of RES investors are opting to add energy storage units to their prospective renewable energy projects in order to gain priority status for grid connections, following incentives offered by authorities.

Since a ministerial decision was signed three and a half months ago by the energy ministry for revisions to a connection terms framework, RES investors have submitted applications for energy storage additions to prospective RES projects representing a total capacity of 1,380 MW.

According to the ministerial decision, RES projects combining storage units that do not absorb energy from the grid will be given priority status for connection terms offered by IPTO, the power grid operator. RES units must not exceed 250 MW to be valid for priority connection status.

 

Latest energy price surge reawakens market concerns

Energy market prices are on the rise again, serving as an unpleasant reminder of the upward trajectory experienced in previous months. Wholesale natural gas prices are no longer in double-digit territory, as was the case in recent weeks, but have rebounded to levels of approximately 150 euros per MWh, while wholesale electricity has surged to 330 euros per MWh over the past few days.

If this trend continues, then retail prices to be paid by consumers for energy from January onwards, the heart of winter, will be pushed up.

European authorities and consumers had felt some relief as a result of mild late-autumn weather around the continent, which helped subdue energy prices in November. But fears are now been reawakened following the latest surge in energy prices.

Two key factors, both hard to predict, are now at play and will influence energy prices in Europe. The duration of China’s deeply unpopular lockdowns, subduing energy demand in China, is one factor. Europe’s ability to keep energy storage facilities filled for as long as possible is the other factor. Both these factors will determine the duration and intensity of the new upward trend in energy exchanges.

Consumers in Greece can expect to be charged among Europe’s lowest retail electricity price levels in December, as the current month’s prices are shaped by the country’s month-ahead model, requiring all suppliers to declare prices for each forthcoming month by the 20th of the preceding month.

December’s retail prices were set by suppliers on November 20, when wholesale electricity prices were down to levels of between 115 and 120 euros per MWh. It remains to be seen what lies in store from January onwards.

 

‘Energy storage installations can wait for lower prices’

The National Technical University of Athens’ professor Stavros Papathanasiou, also head of the energy ministry’s committee for energy storage, has proposed, in an interview with energypress, a rational and careful approach to Greece’s storage needs.

A RES energy-mix share of 80 percent by 2030 will require more pumped-storage projects, while decisions on the prospective installation of 900 to 1,000 MW in energy storage systems – a capacity to soon become available through auction procedures – can be left for later on, when price levels for this technology will have fallen significantly, the NTUA professor noted.

The professor also offered a detailed analysis on how storage investments should be remunerated when they provide congestion relief services to the system.

He also stressed the role of storage stations in combination with RES stations (behind the meter) is absolutely crucial, adding that investors behind existing photovoltaic and wind energy facilities should be given incentives to install batteries as a part of their investments.

The professor also noted it is necessary to reform the existing net metering system so that production and consumption of energy could be synchronized instead of having energy injected into the grid at times of congestion.

European effort for energy cost solutions well underway

European discussion for electricity market reforms that could lead to permanent solutions for lower-cost energy by detaching the cost of electricity from natural gas is well underway.

European Commission authorities, institutions, major enterprises and other electricity market players are currently putting forward proposals until December, when Brussels is expected to issue its own proposal for consultation, as has just been noted by Mechthild Wörsdörfer, deputy director general for the European Commission’s Directorate-General for Energy.

Discussion for longer-term reforms is planned to continue in February and March. Reforms will need to be approved by the European Parliament, as well as by the Energy Council of Ministers, in order to become binding.

The overall approach is based on a proposal forwarded by Pantelis Kapros, Professor of Energy Economics at the National Technical University of Athens, supporting the need for remuneration of renewable energy, as well as electricity production generated by other low-emission technologies, such as nuclear, to be based on actual cost through long-term agreements rather than through the day-ahead market, whose levels are determined by wholesale market prices.

According to Kapros’ proposal, wholesale market prices should be used to determine remuneration levels for fossil fuel-based energy production technologies (coal, lignite, natural gas) as well as hydropower facilities with water reserves and energy storage units.

Investment interest high ahead of energy storage auctions

The energy ministry is aiming to stage an inaugural energy storage auction within the first quarter of 2023. Investors are expressing tremendous interest in energy storage.

The auction will offer energy storage tariffs – for every MWh stored – worth a total of 200 million euros, to be made available through the Recovery and Resilience Facility over the fist ten-year period of investments.

Participants submitting the lowest bids will qualify for this RRF amount as support for their energy storage investments.

Over the next few months, government officials will need to complete work on a regulatory framework concerning energy storage, and, in addition, investors must push ahead with their project licensing procedures to become eligible for the upcoming first auction.

Tariffs for an overall capacity of approximately 450 MW are expected to be offered at the first energy storage auction, while an extra 450-MW capacity is planned to be made available to investors at a follow-up auction in the second quarter of 2023.

The projects of auction participants are expected to greatly exceed the total capacity of 900 MW to be offered.

Environmental permit delays for storage units up to 100 MW

Investors seeking to obtain environmental permits for energy storage units with capacities of up to 100 MW, after having secured project licenses, are experiencing delays.

This problem has arisen as prospective energy storage units of up to 100 MW have been placed in a second-tier category lacking a standardized formula for environmental permits. As a result, regional administrations around the country are each following separate procedures as they see fit.

The energy ministry issued a circular just weeks ago seeking to straighten out the issue, noting environmental reports concerning energy storage projects should lead to environmental permits, but some regional administrations have remained wary.

On the contrary, investors behind bigger energy storage projects, are not experiencing delays and are completing their environmental permit procedures, sources told energypress.

Investors in this category are moving ahead with energy storage projects to offer capacities of between 200 and 220 MW and have submitted connection-term applications to power grid operator IPTO.

Big auction capacity boost planned for RES projects with energy storage

The energy ministry plans to greatly boost capacities offered at auctions for RES projects with energy storage systems from 200 MW to 1 GW as part of its effort to strengthen the role played by RES units with behind-the-meter storage in mitigating local grid-congestion problems.

This revision will require approval from the Directorate-General for Competition. In preparation, the energy ministry is already engaged in related talks with the Brussels authority.

These talks are believed to have progressed but work still needs to be done before the Greek side can send a formal request to Brussels.

The energy ministry is confident that renewable energy systems with storage units can significantly contribute to optimal use of available electrical capacity and, as a result, increase green energy’s share of the energy mix.

Energypress 4th Renewable & Storage Forum’s second day

Energypress is staging its Renewable & Storage Forum, the country’s biggest and most influential conference covering renewables and energy storage, for a fourth consecutive year on October 20 and 21 at the Wyndham Grand Athens hotel in Athens.

The two-day event will feature a total of 95 speakers, covering all energy sector issues concerning renewable energy and energy storage.

All available places at the venue have been booked, prompting the event’s organiser to stop accepting registrations several days ago.

However, interested parties will be able to follow live streams of the event through the energypress website and social media.

Speakers will include energy minister Kostas Skrekas, development and investment minister Adonis Georgiadis, the energy ministry’s secretary-general Alexandra Sdoukou, RAE (Regulatory Authority of Energy) president Dr Athanasios Dagoumas, Syriza party MP Sokratis Famellos and PASOK-Movement For Change MP Mihalis Katrinis, plus a host of leading sector officials from Greece and abroad.

Watch the conference live in English by following this link:

https://www.livemedia.gr/renewablestorageforum22/live/7637

Click here for the full agenda.

November electricity prices, out tomorrow, down 15-20%

The country’s electricity suppliers, now finalizing their pricing policies for next month, are expected to announce, tomorrow, reduced tariffs for November, down by 15 to 20 percent compared to the current month’s levels, sources have informed.

Based on new law, suppliers are required to announce their electricity prices for the forthcoming month by the 20th of each preceding month.

Supplier tariffs, sources informed, should range between 0.45 to 0.50 euros per MWh, which, if confirmed, will result in a reduction of between 15 and 20 percent, compared to October’s prices.

The government’s level of subsidy support for electricity bills next month has yet to be announced. Given the current de-escalation in electricity prices, the government may choose to only rely on the Energy Transition Fund for next month’s subsidies and not use any budget money for this purpose, sources said.

Market analysts are projecting further electricity price reductions until the end of the year as a result of a drop in TTF natural gas prices. The Dutch index has fallen by 66 percent since an August 26 peak of 349.90 euros per MWh, reaching 116.45 euros per MWh yesterday.

The EU’s overachievement of gas storage levels, now averaging 91 percent of capacity, as well as an abundance of LNG supply to Europe, are key factors that have driven down the TTF.

 

Energy storage totaling 3 GW needed by 2030, study shows

Energy storage systems offering a total capacity of 3 GW, including pumped storage stations, will need to be installed by 2030, according to the results of an energy sufficiency study, power grid operator IPTO’s vice president Giannis Margaris has told an energy storage conference.

This projection’s calculations are based on two key assumptions, a 30-GW green portfolio in Greece by the end of this decade, triple the current capacity of 10 GW, as well as the launch of all planned thermal power stations by then, according to the IPTO official.

It has already become clear that energy storage units would not be financially sustainable under current conditions in terms of cost, investment cost and economic factors, meaning support mechanisms will be required to maintain these energy storage facilities, the IPTO official noted.

On the other hand, as was noted by the IPTO vice president, the contribution of energy storage to energy sufficiency will be crucial.

 

Solid investment interest for hybrid RES systems on islands

Greece’s non-interconnected islands, not including Crete, require hybrid RES systems with a total capacity of between 80 MW and 100 MW, according to a distribution network operator DEDDIE/HEDNO estimate, announced by an operator official at an energy storage event.

Theodora Patsaka, head of DEDDIE/HEDNO’s Island Management Division, also told the event that investment interest is high for such green projects on non-interconnected islands. Investor applications submitted to the operator – before licensing framework revisions – represent a total of 80 MW, she noted.

Hybrid RES systems promise to resolve a series of issues encountered by DEDDIE/HEDNO as operator of the non-interconnected islands, the official noted. Besides offering energy storage solutions, hybrid RES systems will enable full utilization.

A total of 28 electricity systems on the islands have disparities, such as varying electricity demand levels, Patsaka pointed out, while demand levels on the islands differ greatly in winter and summer, increasing the difficulty and cost of ensuring energy sufficiency all year round, she added.

The energy ministry, as a next step to the European Commission’s approval of an operational support scheme for hybrid RES systems, must now complete a related pricing framework, which will unlock the selection process concerning projects to be installed on respective islands, Patsaka added.

‘Stricter enforcement of RES project development plans’

Stricter enforcement of project development schedules for prospective RES units holding connection terms is required, while licenses need to be revoked if project deadlines are not met, power grid operator IPTO deputy president Giannis Margaris has underlined at an energy storage event in Athens.

The official also stressed the need, from now on, for RES units with integrated energy storage facilities, a combination that would enable a greater number of renewable energy projects to be installed and increase the grid’s ability to absorb their output.

As for energy injection restrictions that will be imposed on RES stations and energy storage stations, the IPTO deputy revealed that a relevant study and proposal by the operator will be submitted to the energy ministry within the next few days.

Margaris reiterated the problem of potential saturation faced by the grid, noting Greece’s current installed RES capacity totals 10 GW (5.5 GW – distribution network operator DEDDIE/HEDNO, 4.5 GW – IPTO), plus 11.5 GW in connection term offers.

The resulting total sum is nearly 22 GW, while IPTO’s ten-year development plan envisages 28 GW by 2030, including capacity being created on islands through interconnection projects, Margaris explained, adding that the National Energy and Climate Plan puts the grid capacity objective at 25 GW by 2030, meaning just 3 GW of available capacity remains, despite the strong level of investor interest.

 

RAE proceeding with legislative steps for energy storage

RAE, the Regulatory Authority for Energy, is examining a further step in legislative preparations for energy storage’s induction into the country’s grid, the authority’s president Athanasios Dagoumas has told an IENE (Institute of Energy for Southeast Europe) conference on “Electricity storage and grid management for maximum RES penetration”.

The authority is looking to proceed with an energy storage formula for distribution network operator DEDDIE/HEDNO and power grid operator IPTO, concerning energy storage services such as ancillary services and congestion management.

Up until July this year, RAE had issued a total of 337 licenses representing a capacity of 23.5 GW, concerning storage projects, purely, as well as hybrid projects – combining storage with RES – and pumped storage units.

The vast majority of these RAE licenses concern pure storage units and were issued between January, 2021 and July, 2022.

Investors behind the projects have, as a result of newer legislation, been requested to resubmit supporting documents for older licenses in order to have them renewed.

Many of these investors have already provided the necessary documents and are awaiting license renewals, while RAE is believed to be preparing a great percentage of these, sources informed.

Island hybrid RES, energy storage project auctions in first quarter of ’23

The energy ministry is striving to stage two auctions, one for hybrid RES facilities on non-interconnected islands, and another for a first wave of energy storage units to be linked to the grid, in the first quarter of 2023.

The energy ministry plans to soon decide on a cluster of islands to be included in the auction for hybrid RES facilities on non-interconnected islands.

The ministry intends to take into account bidding levels submitted for an existing hybrid system on the Greek island Astypalaia, the westernmost of the Dodecanese islands, when it decides on the starting price for the auction concerning hybrid RES facilities on non-interconnected islands.

As for the auction concerning energy storage units supporting the grid, the energy ministry is striving for a swift process as project development deadlines set by the Recovery and Resilience Facility (RRF), to fund these auctions, are extremely tight.

According to the RRF deadlines, contracts for the winning bidders need to be awarded before the end of 2023, and the storage facilities must be completed by the end of 2025.

 

Energy storage preparations begin after Brussels approval

The European Commission has approved Athens’ support system proposal for energy storage units, a decision enabling the energy ministry to start preparing the details of auctions concerning investments and operational support for these facilities.

Procedures will need to be carried out swiftly as the support system’s funding, through the Recovery and Resilience Facility, has tight deadlines.

According to a related European Commission decision, contracts for energy storage projects selected will need to be awarded by the end of 2023, while development of the energy storage facilities must be completed by the end of 2025.

On the other hand, some time will be needed to shape the details of the support system approved by Brussels and transform it into a fully competitive procedure, given the limited experience, internationally. Greece’s energy storage auctions will be among the first to be staged in Europe.

Also, the auction’s details will need to be shaped to suit the storage needs of Greece’s grid.

The first auction is expected to take place by the second quarter of next year, while efforts will be made to stage the session three months earlier. The second auction is planned for the third quarter of 2023.

 

European gas storage units nearly 70% full, on course for October target

Europe’s gas storage facilities are estimated to be close to 70 percent full in early August, according to data provided by Gas Infrastructure Europe (GIE), representing the continent’s gas infrastructure operators.

Europe’s gas storage units continued being filled at a rapid rate in late July, despite the reduction of Gazprom’s gas supply through the Nord Stream I pipeline, now operating at just 20 percent of capacity.

Given the continent’s current gas storage levels, European authorities are confident an 80 percent objective can be achieved by early October. However, storage level discrepancies between EU member states remains a challenge that needs to be dealt with.

German gas storage units are now 70 percent full, while the level in Italy is higher, at 73 percent. On the contrary, gas storage facility levels are far lower elsewhere, registering 48 percent in Bulgaria, 24 percent in Ukraine and 53 percent in Croatia.

Ten Greek grid link, storage projects on ENTSO-E list

A total of ten Greek grid interconnection and storage projects have been included in development plans set by ENTSO-E, the European Network of Transmission System Operators for Electricity, for up to 2030 and 2040.

They include an extension to the line running to Italy, the Euroafrica and Euroasia grid interconnections, an interconnection project for the south Aegean and its possible extension to Africa, new lines connecting Greece with Bulgaria and Turkey, a pumped-storage station in Amfilohia, northwestern Greece, two Cretan interconnections, as well as the GREGY north African interconnection.

In addition to 23 GW in transboundary grid interconnections being planned in the EU by 2025, authorities have also identified the need for a further 64 GW in projects, including storage units, at 50 European borders by 2030 and 132 GW by 2024.

Overall, the ENTSO-E plan includes 141 grid interconnection projects and 23 energy storage projects.

 

Energy storage wait from scratch, more project details now required

Investors who had obtained licenses from RAE, the Regulatory Authority for Energy, for prospective energy storage stations and were queued up for project approvals will now essentially lose their places as a new energy ministry bill requires additional studies, which, when submitted, will give applicants new waiting-list numbers.

Older documents already submitted for projects will remain valid. RAE has expressed its disapproval of the energy ministry’s rule revision, noting it will create a huge backlog of work for the authority.

Holders of licenses for energy storage stations will now need to also submit an extensive list of technical descriptions concerning various aspects of their projects. They include: technical configuration and main equipment of the station; maximum infusion and absorption power; guaranteed capacity; initial installed capacity of the storage systems; possible expected capacity loss during operation and the degree and method of its replenishment; as well as foreseen replacement of main equipment during the life of the station.

According to recent data, RAE, by the end of 2021, had issued a total of 181 licenses for energy storage projects representing a total capacity of 14.3 GW, including 14 pumped-storage stations with a 3.04-GW capacity.

RES licensing simplification bill headed for parliament

A legislative revision including a second wave of measures for further RES licensing simplification as well as a framework for development and operation of energy storage units is expected to be submitted to parliament today or, possibly, within the current week, at the latest.

The measures for further RES licensing simplification, included in Greece 2.0, the country’s recovery and resilience plan, are planned to be ratified by the end of June.

This would help unlock funding for energy-sector investments promised through the recovery and resilience plan.

A legal framework for offshore wind farms was also planned to be ratified by the end of this month but is now headed for a slight delay. This set of measures will be presented for consultation within the next few days.

RES sector officials have warned that a new measure designed to enable energy injection cuts of 5 percent for green electricity producers, whenever needed for grid security, would threaten the sustainability of RES units.

Swift moves for Revythoussa capacity boost, FSU by July 30

Gas grid operator DESFA’s plan to boost the capacity of its LNG terminal on the islet Revythoussa, just off Athens, with the addition of a floating storage unit (FSU), is in full progress, the target date for its mooring being no later than July 30.

DESFA is now preparing to stage a related tender for this plan and, as a first step, is researching the international market to check on the availability of an FSU matching Revythoussa’s requirements, factors including the installation’s period, should a lease solution be chosen, and storage capacity.

RAE, the Regulatory Authority for Energy, is soon expected to decide on whether the FSU should be purchased or leased.

The authority is expected to hold a meeting today with DESFA officials to discuss the plan’s details.

DESFA has indicated it could lease an FSU for a period of between 12 to 18 months and, as part of this plan, would receive the vessel between May 1 and July 30.

The operator is moving fast as the European Commission has requested all EU natural gas storage facilities be filled to 80 percent of capacity by November 1. In addition, the danger of a Russian disruption of gas supply to Europe also requires swift action, as does the higher energy demand anticipated during the summer season.

 

Revised NECP’s 2030 energy storage target to be doubled to 3 GW

Greece’s revised National Energy and Climate Plan will set a doubled energy-storage capacity target of 3 GW by 2030, to support the RES sector’s greater penetration of the energy mix, as part of the country’s contribution to CO2 emission reductions.

The previous energy-storage capacity target of 1.5 GW will be moved closer, to 2025, so that additional energy storage projects may be installed during the latter half of the decade, energy minister Kostas Skrekas told a recent energy sector conference.

The revised NECP will also set a higher target for RES installations, at 25 GW, from the existing plan’s 18.9-GW objective, as energypress has previously reported.

Investors are expected to receive a total of 450 million euros from the Energy Transition Fund as support for the first wave of RES projects to be installed by 2025.

 

 

Energy storage unit payment based on RES feed-in premiums

The energy ministry is preparing a legislative revision to secure remuneration levels for energy storage facilities, deemed necessary to ensure sufficient earnings for such units and their sustainability as investments.

The energy-storage framework being prepared for the Greek market, regarded as innovative, resembles the feed-in premium system adopted for renewable energy units and will secure remuneration levels for energy storage facilities through competitive procedures.

Units that qualify for remuneration through the competitive procedures will be entitled to participate in all markets (day-ahead, intraday and balancing).

If earnings secured by energy storage units through this market participation are smaller than remuneration levels agreed to, the difference will be fully covered by a compensation amount stemming from the RES special account. On the contrary, if earnings exceed remuneration levels agreed to, then the operators of energy storage units will need to return excess sums to the RES special account.

The energy ministry’s legislative revision will also incorporate a framework for investment support to energy storage units, to be given access to 200 million euros from the Recovery and Resilience Facility (RRF).

 

RES and energy storage licenses in less than 2 years from 5 at present

The time needed by investors to secure RES project and energy storage licenses will be reduced to less than two years, from five at present, according to a RES licensing simplification draft bill prepared by the energy ministry, expected to be announced within the next few days.

Through the simplified licensing procedure, the ministry will aim to facilitate RES licenses representing a total capacity of 12,000 MW and investments estimated at 10 billion euros by 2030.

The ministry’s legislative initiative will be carried out over two stages, the first concerning RES and energy storage project licenses, and the second offshore wind farms.

The revisions will enable investors to push ahead with licensing steps simultaneously rather than successively, as is the case at present.

Also, the procedure will include criteria filtering out prospective RES applicants deemed to not be genuinely interested in developing projects.

 

 

 

 

September target for first energy storage support competition

An energy ministry plan for a competitive procedure to offer investment support for energy storage facilities with capacity between 800 and 900 MW has been approved by the European Commission, the ministry’s secretary-general Alexandra Sdoukou noted during a speech yesterday on the opening day of the two-day Power & Gas Forum, staged by energypress.

The energy ministry is working towards staging a first competitive procedure for this investment support in September, to offer between 400 and 450 MW, or half the planned total capacity, according to sources.

Talks with the European Commission on the matter ended successfully earlier this week, Sdoukou told the forum, adding that an official announcement will be released within the next few days.

Interested investors will be invited to lodge applications confirming their participation in the competitive procedure for investment support in the lead up.

A sum of 200 million euros in support funds is expected to be offered through Greece’s recovery and resilience plan, expected to cover approximately 40 percent of the energy storage unit costs.

Investment interest is high for energy storage development. RAE, the Regulatory Authority for Energy, issued licenses for 120 units representing a total capacity of 9,641 MW until the end of January.

 

Yale enhances lithium-ion range with Sunlight Li.ON FORCE batteries

Yale Europe Materials Handling is enhancing its lithium-ion range with batteries provided by Sunlight Group, one of the world’s top manufacturers of industrial and advanced energy storage solutions.

Sunlight Group boasts over 12 years of research and development in lithium chemistry. Yale will offer Sunlight Li.ON FORCE batteries as a solution for selected warehouse and electric counterbalance trucks, enabling its customers to select the best battery technology to suit their applications.

The move marks a deepening relationship between the two companies. Sunlight Group has previously provided lead-acid batteries for Yale products.

“Thanks to the success of our collaboration, Sunlight Group has become a trusted partner of Yale, helping us to deliver efficient and productive solutions for our customers,” said Marcus Rosenkranz, Area Business Director for Eastern Europe at Yale. “We’re excited for the next era of our working relationship, which will see Yale offer Sunlight Li.ON FORCE power solutions in our product line-up.”

Powering productivity

Sunlight Li.ON FORCE batteries are well suited for intensive and/or multiple shift applications. For industries where clean operations are a must, such as food, beverage and pharmaceutical, Yale products fitted with Sunlight Li.ON FORCE batteries are free of gaseous emissions with no risk of acid spillage.

A single battery can replace multiple lead-acid batteries, meaning customers can benefit from fast opportunity charging during breaks and shift changes. Areas previously needed for battery change can be repurposed as additional working or storage space.

The robust Sunlight Li.ON FORCE batteries are maintenance free with long life cycles. With no battery exchange required, Yale lithium-ion products offer more uptime as well as reduced running costs. The charging efficiency of lithium-ion batteries is at over 90% – greater than lead-acid options.

“Our Sunlight Li.ON FORCE batteries are the most innovative and revolutionary Smart Battery Solution in the market,” said Dimitris Panagiotou, Sunlight Group Sales Director. “Our values align closely with those of Yale, and we are excited to continue our successful partnership moving forward. Yale customers will reap the benefits of our lithium-ion technology, which has been honed and refined over many years of intensive research.”

Yale Europe Materials Handling is a trading name of Hyster-Yale UK Limited, part of Hyster-Yale Group, Inc., a wholly owned subsidiary of Hyster-Yale Materials Handling, Inc. (NYSE:HY). Hyster-Yale Materials Handling, Inc. and its subsidiaries, headquartered in Cleveland, Ohio, employ approximately 7,800 people worldwide.

Energy storage capacity objective 1,500 MW by 2030

A new support framework concerning energy storage stations will be attached to a RES licensing simplification draft bill headed for imminent consultation, the objective being to have the bill ratified in parliament by the end of this month.

Authorities aim to have energy storage units offering a total capacity of 1,500 MW installed and functioning by 2030, 700 MW of these in the form of pumped storage stations, the other 800 MW as batteries.

The Greek market’s current conditions are challenging for the sustainability of energy storage stations. As a result, Greece is the first EU member state to have notified the European Commission’s Directorate-General for Competition of the need for an energy storage support framework.

Investment support worth 200 million euros is planned to be provided through the Recovery and Resilience Facility (RRF) to finance 700-MW in batteries.

Investors eligible for this RRF support will qualify through competitive procedures, the first of these scheduled to take place this coming summer.

Investment interest in energy storage is currently elevated. A total of 78 applications for energy storage stations representing a total capacity of 4,800 MW have been submitted to RAE, the Regulatory Authority for Energy.