Westinghouse to Install Energy Storage Units in Bulgaria

Pennsylvania-based Westinghouse Electric Company and state-owned Bulgarian Energy Holding, have signed a Memorandum of Understanding to carry out Long-Duration Energy Storage (LDES) in Bulgaria. The Bulgarian Minister of Energy, Alexander Nikolov, witnessed the signing.

May 06, 2022. By News Bureau

Pennsylvania-based Westinghouse Electric Company and state-owned Bulgarian Energy Holding, have signed a Memorandum of Understanding to carry out Long-Duration Energy Storage (LDES) in Bulgaria. The Bulgarian Minister of Energy, Alexander Nikolov, witnessed the signing.

The agreement requires the installation of two Pumped Thermal Energy Storage (PTES) units supplying 2 GWh of sustainable energy storage.

This substantial addition will aid in electric grid resiliency and provide an economic means to support and stabilize renewable energy generation in the country, with the potential to offset up to 0.7 million metric tons of CO2 emissions annually.

“The goal for carbon neutrality set by the European Green Deal is a serious challenge for the sustainable and competitive development of the energy sector,” said Ivan Andreev, CEO, Bulgarian Energy Holding. “The reliability and affordability of energy systems based on various energy sources, such as wind and solar, may depend on the ability to store large amounts of generated low-cost energy for long periods of time. Large-scale deployment of LDES with the benefits this technology brings can significantly reduce the overall cost of future systems generating clean energy from renewables. BEH has a reliable partner with Westinghouse for an innovative and sustainable development of the energy sector in this country and the region.”

“Collaborating with BEH, the largest state-owned company in Bulgaria and a leader in the energy market, marks a significant step in our ability to provide countries with enhanced energy security options. We are providing an advanced long-duration, grid-scale energy storage as a safe and reliable energy resource,” said Elias Gedeon, Senior Vice President, Commercial Operations, Westinghouse. “Together, we can achieve European and Bulgarian net carbon goals utilizing an efficient and cost-competitive energy storage technology.”

Westinghouse has developed a new-age sustainable and scalable thermal storage technology and has partnered with Echogen Power Systems to meet the demand for LDES.

Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
Next events
 
 
Last interviews
 
Follow us