The great interest for investment in energy storage was highlighted at a workshop organized by the Institute of Energy of South East Europe (IENE).
Investments, which are necessary to achieve the goal of RES penetration, but also for the security of supply due to the dependence of wind and photovoltaic power generation on weather conditions.
During the IENE workshop, the president of the Energy Regulatory Authority Athanasios Dagoumas presented data according to which, since October 2019, the company has received 98 applications for storage projects, such as hybrids, batteries and pumped storage. In fact, as he said, the project of TERNA Energy in Amfilochia was the first to be licensed in 2011 based on the thermal unit framework of 2000.
The requested projects correspond to a power of 8.8 GW including that of Amfilochia, and to 8.2 MW without the latter. The Authority has given the “green” light for most of these, except for 34 projects with an output of 4.5 GW that are under evaluation.
Mr. Dagoumas noted that within the two months May – June the working group set up by the Ministry of Environment and Energy will have completed the proposals that will be the backbone for the drafting of a legal framework that will govern the terms of operation and pricing of specific projects.
Hydrogen storage
The professor of Energy Economics and Business Research of the National Polytechnic University and first president of Power Regulatory Authority Pantelis Kapros also spoke at the workshop.
Mr. Kapros noted that the first forms of storage that will be available on the market will be batteries and pumped storage. However, he also augured future developments with forms of storage that will be based on hydrogen and synthetic fuels (e-fuels).
According to professor Kapros, batteries and pumped storage will be the most prevalent storage technologies until the cost of energy storage technology is reduced. Based on the estimates of the National Plan for Energy and the Environment, he predicted that by 2030 the available energy storage capacity will be 3 GW, by 2040 7 GW and by 2050 12 GW.
The professor also stressed that the goal is to utilize energy storage in combination with RES for the conclusion of bilateral contracts (PPAs) between producers and consumers of energy.
His proposals also included tax incentives and the facilitation of project financing with financial tools as well as the ability of Managers to develop storage projects with private investors. A relevant example is the recent IPTO-Sunlight agreement.
TERNA Energy pumped storage
At the same event, the Director of TERNA Energy Hydroelectric Works Gioula Tsiknakou described the pumped storage model project in Amfilochia.
According to the company, it decided to go ahead with the investment, with works starting in October.
TERNA Energy is also planning another energy storage project that utilizes RES: the hybrid station in Amari, Rethymnon.
This is a 280 million euro investment, which is under study and will follow later on. It will include 89 MW wind farms and in combination with the pumped storage system at the Amari River Dam will have a guaranteed power of 50 MW.
Mytilineos’ extroversion
Mytilineos also participated in the IENE workshop, with general manager of the RSD (RES Development and Energy Storage) Nikos Papapetrou to list some of the important projects undertaken by the listed company abroad.
The RSD sector has been running since 2017 as an EPC and in partnership with Gresham House storage projects and hybrid stations in the UK. Gresham House controls 40% of the UK energy storage market.
The Greek company has built a 2.5 MW hybrid power plant in Italy on behalf of ENI and has undertaken hybrid storage projects in Nigeria, Tunisia, and Puerto Rico, with a total capacity of over 30 MW. The portfolio of Mytilineos RSD unit is supplemented with projects with a total capacity of 500 MW.
In Greece it has 21 projects in the pipeline, with a total output of 1.5 GW, with added value for Protergia.
Mytilineos RSD is in the process of exploring new energy storage investment opportunities in Australia, the United Kingdom, and Italy.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-600x400.jpg)
