Why is electricity storage important?

Electricity storage plays an important role in the transition to a low carbon economy and drives energy efficiency while at the same time allowing the integration of more renewable energy sources into the electricity system.

How does storage work on Greece's islands?

The introduction and development of storage on Greece’s islands that are that are not connected to the mainland power system is quite different, as it is currently only possible via hybrid stations (i.e. virtual production stations consisting of renewable energy resources and storage units operating as single distribution entities).

How is storage developing in Greece?

The development of storage in Greece has only just begun: this year has been the big "kick-start" and there is now a common understanding of the needs and requirements and the steps to be taken to ensure an adequate identification and prioritization of all necessary actions.

What are energy storage technologies?

Energy storage technologies provide valuable flexibility on the grid by making the grid more efficient. With storage systems, renewable energy can be converted into basic units – the units that cover the basic loads of the system.

Will res stations be regulated in Greece in 2021?

1 During 2020-2021, Greece has experienced a new explosion of licensing interest for RES stations. The application to the Regulator in mid-2021 exceeded 9000 MW, with most of them having already acquired Electricity Producer Attestation (EPA), far beyond the needs of our national system.

What funding sources are available for energy storage?

The Recovery and Resilience Facility: Another promising source of funding for energy storage is the Recovery and Resilience Facility that will be launched under the ‘Next Generation EU’ recovery programme.