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Company within months ready with the first state battery for electricity The first pilot electricity storage battery could be built this year. It is a project of the National Energy Operator (NEO) and the National Electricity Company (NEK). From NEK is the site, which will be at one of the hydroelectric plants. The data for joining the NEK system are awaited in order to announce a tender for the design, supply, installation and commissioning of the first RES energy storage facility. The battery will have a power of 1 megawatt and an electricity storage capacity of 2 megawatt hours. This micro battery can be built in 3 to 6 months. This is the first step of the National Energy Operator, which was established by BEH with a capital of BGN 30 million a year ago. The main idea was that this state-owned company would take over the construction of the large batteries that were to be financed under the recovery and sustainability plan. There are two projects for energy storage facilities under the plan. One was originally for the construction of a national infrastructure for the storage of electrical energy from RES (RESTORE) with a total storage capacity of 6,000 megawatt hours. The idea was for them to be next to the ESO substations and to store electricity as much as half of the country's consumption during the day. Funding under the plan was BGN 1.6 billion. Later, after a reduction in European funding under the Recovery and Resilience Mechanism, the amount was reduced to BGN 780 million, and the capacity of the batteries reduced by half - to store 3,000 megawatt hours. With a decision of the parliament, the grant funding instead of 100% for a project was reduced to 50%, and the remaining 50% is provided by the company that applied. A year later, the BGN 30 million provided by BEH are in the company's accounts. The director of NEO Alexander Mihailov says that the company works in two spheres. One is the storage of electricity, and the second is the production of electricity from low-emission sources. A grant agreement was signed with the European Investment Bank (EIB) for the feasibility studies. It is usually between 1 and 1.5 percent of the battery value. The EIB will select the three most profitable to finance or co-finance. If all eight projects prove viable, the National Energy Operator will apply for batteries with all of them, and half of the financing will also be sought from commercial banks. The other model for cooperation with municipalities is for the company to buy night energy at stock market prices, and to have a conditional contract with the municipality that during the day it will supply energy to its companies at the market price minus 10%, for example. This NEO model is also trying to be implemented with state-owned enterprises. We are working on a project with VMZ-Sopot, for mutually beneficial cooperation.

 

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