Energy storage

Prime Minister Kyriakos Mitsotakis on Wednesday visited the construction site where the Amfilochia pumped storage energy unit in northwestern Aetolia-Acarnania is being built, which is the biggest large-scale energy storage investment in Greece.

The Republic of Cyprus has secured 40 million euros from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from renewables.

When Advent won an international business competition in Athens in 2006, few would have predicted that the company - a spin-off of the Research & Technology Foundation and the University of Patras - would become the protagonist in hydrogen technology.

Slovenia's largest solar power plant has been launched. Built for €5.5 million adjacent to the Brežice hydropower plant, it has a peak power of 6 MW, enough to meet the electricity needs of about 1,800 households.

What makes it special alongside its size is that it is connected directly to the 110 kilovolt transmission network and forms a hybrid system with the hydropower plant.

Aluminium of Greece has become the first industry to utilize the demand response service in the balancing market, in which electricity is bought and sold in real time to ensure the stability of the electricity system.

The Parliamentary Trade Committee of Cyprus' House of Representatives has examined the issue of the absence of renewable electricity storage systems, which results in the rejection of significant power generation. This discussion followed the Electricity Authority of Cyprus' recent decision to install remote-control ripple-control systems in buildings.

ReCatalyst, a company which has developed a next-generation hydrogen fuel cell catalyst, has been declared the Slovenian startup of the year.

The company's innovative solution helps significantly reduce production costs while also being more environmentally friendly and contributing to decarbonisation.

TAB, the Mežica-based maker of lead-acid batteries and one of Slovenia's largest exporters, is planning to launch lithium-ion batteries production in Prevalje, in the north of the country, in February.

The production, involving 40 employees, will be located in a new production hall which TAB has purchased from pharmaceutical company Lek.

The storage of energy produced from renewable sources is critical to the success of the "green" transition.

For this reason, the new state blueprint directs investment interest in new technologies and mainly in storage. Companies' interest in storage systems is strong and already exceeds the goals set by the blueprint.

The Zasavje region in central Slovenia, which has abandoned coal and is now focusing on carbon-free technologies, plans to set up two major facilities for the production of renewable hydrogen with the help of free advice from UK energy consultancy Element Energy.