Grid energy storage

A reduction of 6.1% will show up on green household electricity bills in October, the Public Power Corporation said on Tuesday.

PPC's green rate for up to 500 kW will be 14.96 cents/kWh in October, compared to 15.94 cents/kWh in September.

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 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.

The storage of energy produced from renewable sources is critical to the success of the "green" transition.

For this reason, the new state blueprint directs investment interest in new technologies and mainly in storage. Companies' interest in storage systems is strong and already exceeds the goals set by the blueprint.

Tesla has completed construction of the world's largest lithium ion battery in Australia, putting it on track to meet a 100-day deadline for switching the battery packs on, the South Australian government said on Thursday, quoted by Reuters.

By Jeremy van Loon

A technology used in ancient Greece to power clocks and fire a cannon is undergoing a revival as the world searches for better ways to store energy from wind turbines and solar panels.