The Government of Lithuania reportedly plans to build one of the world’s largest battery parks as it disconnects from the Russian-controlled power grid.
Reuters reported that the new battery park will be built by the end of next year.
The news agency quoted Lithuania Energy Minister Zygimantas Vaiciunas as saying: “This will be one of the largest and the most innovative battery parks in the world.”
For this project, Lithuania plans to make an investment of $117.6m (€100m). This will see the installation of four 50MW batteries, with a minimum of 200MWh of power storage capacity.
According to the US Department of Energy database, the largest direct energy storage projects in the world are two lithium ion battery projects in California. These are the 450MW Crimson Energy Storage and 300MW Vistra Moss Landing Energy Storage.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
In addition to supporting the development of a battery park, the government plans to increase its renewable power generation capacity.
Battery storage systems can absorb surplus energy from wind and solar power at peak generation hours. They can also compensate at times of low generation, allowing greater grid stability as renewable use increases.
Ignitis Group, a state-owned energy company in Lithuania, said the country intends to increase its renewable power generation capacity from 1.8GW in 2019, to 4GW in 2030.
Currently, Lithuania’s grid connects the Baltic states of Latvia and Estonia, Belarus and Russia, and is run by Moscow.
In 2018, the Baltic States, Poland and the European Commission agreed to integrate their grids to continental Europe by 2025, to end their dependence on Russia.