Recently, Greek energy company Metlen and industrial group Karatzis announced the establishment of a joint venture to develop a large-scale energy storage project with a capacity of 330MW/790MWh in the Thessaly region. This project, with a total investment of 170 million euros and expected to be completed by 2026, will not only become Greece's largest independent energy storage facility, but also rank among the top energy storage projects in Europe, marking a new stage in Greece's energy transformation.

The project adopts advanced lithium battery technology, with a designed power of 330MW, a continuous discharge time of 2.4 hours, and a total energy storage capacity of 790MWh. This scale will significantly surpass all existing energy storage projects in Greece, including JinkoSolar's 123.8MWh solar storage system deployed at Athens International Airport, Nandu Power's 130MWh project under construction, and Huawei's 100MWh grid side project under construction. Within Europe, the capacity of this project is close to the second largest energy storage project in Europe - the Hornsdorf Energy Storage Center in Germany (400MW/800MWh), second only to the Gateway Energy Storage project in the UK (1.9GW/3.8GWh).

The Greek government has set ambitious renewable energy targets: by 2030, the proportion of renewable energy generation will reach 75%, and by 2035, it will further increase to 95.6%. In this context, energy storage is regarded as the core means to solve the midday surplus of photovoltaic power generation and enhance the power grid's consumption capacity. To support the development of energy storage, the Greek government is simultaneously promoting the installation of 7.5 million smart meters nationwide and accelerating the renovation of old power grids to provide necessary infrastructure support for the integration of large-scale energy storage projects.

This emerging market has also attracted international participants, including Chinese companies. The G2 system of JinkoSolar Energy Storage and the Center L Plus product of Nandu Power Supply focus on long-term energy storage scenarios, which are highly compatible with the peak shaving needs of the Greek power grid; Huawei and Sunac Power are collaborating with local enterprises to promote the implementation of liquid cooling technology and intelligent grid connection technology in Greece, jointly helping Greece build a new power system. Keywords: Energy Storage Latest News, Energy Storage New Energy News

With the launch of the 330MW/790MWh energy storage project, Greece is occupying an important position on the European energy transition map. This project, which has both scale effect and progressiveness technology, not only provides a key support for the development of renewable energy in China, but also sets a benchmark for the clean energy transformation in southern Europe and even in Europe as a whole. Driven by a clear national strategy, sustained policy support, and open international cooperation, Greece is steadily moving towards the goal of 95.6% renewable energy by 2035, providing a successful model for global energy transition that is worth learning from.Editor/Cheng Liting