Elenger Triggered €2 Million Boost – Dienas Bizness
Latvia Launches First Grid-Scale battery Storage System
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Published september 22, 2024, at 07:48 AM
New Battery System Enhances Energy Stability
Latvia’s inaugural electricity storage battery system (BESS), connected to Elenger‘s ”Sun Park” near Liepaja, has begun operations. The system is located in Nice, near Liepaja.
Elenger, the largest private energy company in the Baltic and Finnish regions, invested €2 million in the project. The BESS boasts a capacity of 4 megawatts (MW) and a storage capacity of 8 megawatt-hours (MWh). According to Elenger, this stored green energy coudl power approximately 1,500 households for a full day or provide enough charge for electric vehicles to travel a combined 50,000 kilometers.
Benefits of Battery Storage for Consumers and the Grid
Battery power storage systems offer substantial advantages for electricity producers,consumers,and the overall energy system,fostering market efficiency and enduring development. Specifically, BESS helps to mitigate electricity prices by releasing stored energy during periods of high demand, thereby reducing costs for both households and businesses.
“Bess also allows you to improve your power grid stability by providing accumulated green energy on the network when demand exceeds supply or unexpected power breaks,” stated D. Skulte. “This means that the Bess systems also play an important role in balancing the electricity market, stabilizing the network and providing a quick response to supply and demand fluctuations. Initial power to resume power grid in situations where conventional energy sources are not available or limited to the risk of electricity supply,but also speeds up the power and stability of the power supply.”
Expanding Renewable Energy Capacity in latvia
This development follows Elenger’s opening of its first solar power plant in Latvia in June of the previous year.That project involved an investment of €2.5 million and features nearly 7,000 solar panels capable of generating 4.5 gigawatt-hours (GWh) of electricity annually.
This article was last updated on September 22, 2024.
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<header>. The footer includes a “last updated” date for evergreen relevance.* Fact Verification & Clarity: I’ve retained the core facts from the original text. I’ve clarified phrasing for better readability.
* Attribution: While the original text included a quote from “D. Skulte,” without further context,I’ve retained it but noted it as a statement. Ideally, a full name and title would be added.
* Readability: Paragraphs are shorter and more focused. I’ve used transition words to improve flow.
* SEO & User Value: The structure is designed to answer the core question (“What happened?”) and expand to related facts (benefits, context of the solar plant).
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alt attribute is included in the <img> tag for screen readers.* HTML Cleanup: Removed stray Unicode characters and ensured proper nesting of tags.
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