Technical FAQs 4

What can boost battery storage in Bulgaria?

Another development that can boost battery storage in Bulgaria is a recent update of national legislation to include battery energy storage systems as a component of the grid.

Which country has the strongest battery energy storage system in the Balkans?

The Bulgarian city of Lovech, northeast of Sofia, hosts the strongest battery energy storage system (BESS) in the Balkans. The Ministry of Energy even said the new facility, with a capability of 124.1 MW and 496.4 MWh in capacity, is the biggest in the European Union.

How much does a battery cost in Bulgaria?

Currently, Bulgaria’s electricity market offers an opportunity for €110 ($122) per MWh profit on battery energy storage with two hours of discharge capacity using energy arbitrage. Rystad Energy ’s analysis estimates battery system costs at a flat €60 ($67) per MWh.

How much money does the Bulgarian Energy Ministry provide for energy storage?

The Bulgarian Energy Ministry opened a tender procedure for supply of energy storage on August 21, 2024. The procedure aims to provide funding for construction and implementation of a 3,000 MWh stand-alone battery storage facility. The total amount of the grant that can be provided under the procedure is €590 million ($ 536 million).

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What battery cabinet integration systems are there in Bulgaria

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