BESS factory of 1.5 GWh per year opening near Sofia in Bulgaria
International Power Supply (IPS), a Bulgarian manufacturer of battery energy storage systems, is about to launch operations at its new facility near Sofia. Its latest model
Specifically, according to data presented by Soltani at the RE-Source Southeast Conference, Bulgaria's electricity market offers an opportunity for €110 per MWh profit with a battery energy storage system with two hours of discharge capacity using energy arbitrage. Rystad Energy's analysis has set the battery system costs at a flat €60 per MWh.
This capacity will be used for both solar peak shaving and grid balancing,” Rangelov said. Bulgaria's Ministry of Energy is currently running two tenders aiming to commission 1,425 MW of solar and wind generation capacity coupled with 350 MW of behind-the-meter energy storage.
Bulgaria has installed between 40 MWh and 50 MWh of battery capacity to date, with business models mainly based on grid balancing and arbitrage.
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