Energy company Latvenergo said February 18 it is investing heavily in battery systems with the stated intention of becoming the the Baltic market leader in battery energy storage systems (BESS).
Battery systems play a crucial role in balancing the production volumes of Latvenergo and improving the flexibility of consumption. Chief Financial Officer of Latvenergo Guntars Baļčūns: “This investment in battery systems is an important step in the development of our energy sector and long-term sustainability.
The innovations and infrastructure of Latvenergo will not only strengthen the security of supply but also the development of the Baltic region.” BESS, or Battery Energy Storage System, is a technology that allows electricity to be stored with the objective of feeding it back into the grid at times of peak demand.
"Future projects will be carefully evaluated to strategically deploy storage capacities across the Baltic states in order to maximise the benefits for the security of supply and customers," the company added, giving a broad hint that it will also be looking to place BESS assets in Estonia and Lithuania.
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Rolls-Royce has received an order from the Latvian transmission system operator Augstsprieguma tikls (AST) to supply a large-scale mtu battery storage system to secure the …
"A growing demand in the energy market for battery energy storage system (BESS) technologies is developing currently, and the trend is expected to remain stable in the …
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Rolls-Royce has received an order from the Latvian transmission system operator Augstsprieguma tikls (AST) to supply a …
A growing demand in the energy market for battery energy storage system (BESS) technologies is developing currently, and the trend is expected to remain stable in the future. …
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