The Board of Directors of the Electric Power Company of Montenegro (EPCG) has decided to launch a tender procedure for the procurement of two battery storage facilities (BESS) for electricity storage.
The company explained that each plant will have a power of 30 megawatts (MW) and a capacity of 120 megawatt-hours (MWh), totaling 240 MWh of storage capacity.
The value of the project is close to 50 million euros.
"This decision represents one of the most important steps in the recent history of EPCG and an important milestone in the modernization of the Montenegrin power system," EPCG stated.
They added that the procurement of these systems will create better conditions for a stable electricity supply, more efficient grid management, and faster integration of renewable energy sources such as solar and wind.
"In recent years, EPCG has actively worked on projects that involve the production of electricity from renewable sources. This is how the company is preparing for the transition to a more modern and sustainable energy mix, in line with European and global trends," the power company said.
Battery systems for storing electricity are, as explained, a key technology in this process. These systems allow excess energy, which is produced when consumption is low or electricity prices are lower, to be stored and used later, when consumption is higher and prices are higher.
"This means that EPCG can achieve financial savings, additional revenues and better control over its production capacities," the statement said.
BESS systems help avoid expensive electricity imports during peak loads and enable more efficient management of existing power plants, which is why they are important for security of supply and system economics.
"One of the biggest advantages of these systems is that they can react quickly in the event of sudden changes in the network, whether there is a surplus or increased consumption. This contributes to the stability and reliability of the entire electricity system," EPCG announced.
They reminded that Montenegro has great potential for producing electricity from the sun and wind, but that these sources are unstable, because they depend on weather conditions.
"Battery plants solve this problem, because they enable the storage and use of energy at the right time. This facilitates and accelerates the connection of new solar and wind power plants, and the system remains stable," EPCG said.
In addition, these systems serve as an additional backup in case of failures or interruptions, thereby increasing security of supply for households and businesses.
"Less dependence on electricity imports means greater energy independence for Montenegro," the company said.
EPCG believes that such systems, along with the increasing opening and digitalization of the energy market in Europe, will be the basis for smart grids, modernization of the electricity market, and new services that increase system efficiency.
"With this project, EPCG is strengthening its position as a leader in the region and preparing for the challenges of the future," the statement said.
They added that EPCG, by launching the tender, is demonstrating its commitment to sustainable development, modern technologies and strengthening the energy security of Montenegro.
"The implementation of the project positions Montenegro among the countries that use the most advanced energy technologies," the statement concludes.
See more:
Download the app and follow the news
FOLLOW US ON
