HELLENiQ ENERGY Launches 100 MW Battery Project in Greece

HELLENiQ ENERGY has brought its first large-scale battery energy storage facility into operation at its Thessaloniki industrial site in Greece, the Greek City Times reported. The company invested approximately 50 million euros into the 100-megawatt system, which provides a storage capacity of 200 megawatt-hours. [1]

The energy group developed the project through its subsidiary, HELLENiQ Renewables, according to the Greek City Times. The facility represents the group's initial entry into utility-scale electricity storage and is the first installation of its size to be developed in Greece. [1]

The Greek City Times noted that the installation is among the largest battery storage systems in southeastern Europe. The project aims to resolve grid integration issues related to variable output from solar and wind farms by storing power generated during periods of production. [1]

HELLENiQ ENERGY Holdings S.A. was formerly known as Hellenic Petroleum S.A. and operates as one of the largest oil companies in Southeast Europe. Battery energy storage systems use groups of batteries to store electrical energy and provide fast-responding power to help stabilize electricity grids. [8][9]