Proposals for two pumped storage hydropower plants next to each other in northern Greece received the environmental conditions. The Flampouro project is for 450 MW in both modes while Trani Rachi would be able to generate 594 MW and consume up to 600 MW. Greece has an ambition to become a Mediterranean and European hub […]
MORE, standing for Motor Oil Renewable Energy, built three standalone battery energy storage systems in Greece. The company won government support for the projects two years ago at an auction. Oil refiner Motor Oil Hellas said its green energy arm has installed 72 MW in BESS capability, with 144 MWh in total capacity. The three […]
Transmission, System and Market Operator (KOSTT) of Kosovo* signed a contract with the Ministry of Economy and Municipality of Ferizaj, receiving 2.3 hectares of land for a 45 MW battery project. It is funded through the Millennium Challenge Compact, initiated in 2022 by the United States, acting through its Millennium Challenge Corp. (MCC), and the […]
Austrian startup Efficient Energy Technology (EET) has developed an electricity metering solution called the Virtual Meter, which measures residential electricity consumption through a single connection within the home’s power network. The device, powered by artificial intelligence (AI), eliminates the need for a conventional hardwired meter, reduces system complexity for home energy storage and heat pumps, […]
Bulgaria joined Finland as a host country for the 2026 call through the EU Renewable Energy Financing Mechanism (RENEWFM). Luxembourg intends to fund renewable energy projects there, which will enable it to statistically attribute 80% of output to itself. In the European Union, a member state that missed its renewable energy target can arrange a […]
In IRENA’s Planned Energy Scenario at the global level, electricity system flexibility needs on a daily timescale are four times higher in 2050 than in 2019. In the weekly and monthly timescales, the energy required for the purpose grows by three and 2.5 times, respectively. As for the 1.5°C Scenario, implying a much higher share […]
Eurowind Energy plans to build its Siminoc hybrid power plant in southeastern Romania by 2028. It would consist of 24.8 MW of wind power and a matching photovoltaic capacity. The company is considering battery storage as well. Danish renewable energy developer and operator Eurowind Energy unveiled a EUR 65 million investment in Romania. The Siminoc […]
Volue’s new Chief Executive Officer Stephan Sieber is responsible for the expansion and transformation ahead, to unleash the company’s expertise across data and forecasting, trading, optimization and planning, and grid operations. “Volue turns complexity into advantage, and the momentum with our customers right now is just the beginning,” he stated. Norwegian electrification software maker Volue […]
Hidroelectrica’s battery energy storage system (BESS) of 36 MW and 72 MWh, co-located with its Crucea Nord wind park in Romania’s southeast, is on track to come online more than a year earlier than initially planned. The future energy hub around the village of Crucea in Romania’s Dobruja (Dobrogea) region will soon get its first […]
Romania is drafting legislation that would enable granting concessions for the construction of renewable energy plants on unproductive and degraded state-owned agricultural land. The initiative aims to establish fast-track areas for renewable energy projects, with all necessary permitting procedures limited to 12 months. The legislation would allow the State Domains Agency (ADS), which manages state-owned […]
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