Energy storage

BELGRADE - Serbian Minister of Energy and Mining Dubravka Djedovic Handanovic signed on Wednesday a MoU between the Serbian government and the China Energy International Group on strategic cooperation in the energy sector.

The minister said the cooperation would make it possible to boost electricity storage capacities by utilising new technologies.

An investment plan by Advent Technologies in Kozani, northern Greece, worth 64 million euros to develop innovative hydrogen fuel cell and electrolyte systems and create 650 job openings has been removed from the Plan for Just Development Transition because it was "problematic," officials said on Monday.

Major companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Energy, Trade and Industry Minister George Papanastasiou. He announced on Tuesday that formal tenders for the 150-megawatt project will be issued in September.

Decarbonization is the main theme at this year's Posidonia shipping fair, as officials accept carbon is here to stay for at least the next few decades, raising the question of how to best deal with emissions until fossil fuel is banished.

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.