“The Role of Energy Storage in Advancing Large Scale RES Penetration”
IENE Online Webinar, Tuesday, April 27, 2021
To watch the proceedings of the Webinar please click here
The extensive use of Renewable Energy Sources (RES) is a key component of European energy and climate policy on the path to net-zero target. However, given the stochastic nature of wind and solar power generation and as their shares increase, so does the need for storage; the latter is vital in order to balance supply and demand of renewable electricity.
For this reason, energy storage technologies have acquired a key role in both the National Energy and Climate Plan of Greece and those of other EU member states by 2030, and as part of their Long-Term Energy Strategies by 2050. In the case of Greece, a significant penetration of energy storage systems is expected over the next decade, apart from the existing Sfikia and Thesaurus HPPs. Especially interesting are latest developments concerning the introduction of electricity storage systems.
In this Webinar, key issues related to the formation of an appropriate legal and regulatory framework for the deployment of energy storage technologies will be also discussed, with the dominant ones being pumped storage and batteries. With regard to Greece’s Non-Interconnected Islands (NII), the reduction of their oil dependence is inextricably linked to increased RES penetration and energy storage, through the promotion of hybrid RES installations.
IENE has acquired considerable experience on energy storage issues, having over the last 3 years completed three relevant studies: (a) “Prospects for the Electric Vehicle Market in Greece and Business Opportunities”, (b) on the “Energy Transition of the Island of Kastellorizo”, as an example of NII, and (c) a “Feasibility Study of Energy Storage Systems’ Integration in Crete” which was carried out on behalf of Greece’s IPTO, and concerns a large island system (i.e. Crete), and thus, the Institute can make a learned contribution to the public debate.
The above issues, among others, will be discussed thoroughly by a group of executives and professionals in the energy sector of Greece and other European countries. Also, various ideas concerning the financing of energy storage will be explored, while special reference will be made to the prospects for the development of energy storage in the wider SE European region. Finally, a discussion will also take place concerning progress on legal and regulatory issues which in most countries in SEE, including Greece, is still lagging behind.