The 87.6 million euro funding has been allocated to Energy cells for installation of an electricity storage facilities system. The funding has been allocated under the EU‘s Recovery and Resilience Facility (RRF). The total value of the project ensuring Lithuania an instantaneous electricity reserve and the capacity to work in isolated mode will reach 109 million euro.
It is the first energy project of such scale in Lithuania with an approved funding under the new EU‘s Recovery and Resilience Facility, also being the first that has already been launched.
‘The pace of the project implementation is extremely ambitious. In October, last year, we signed a contract with the consortium of Siemens Energy and Fluence companies, which won the international tender for the procurement of energy storage facilities system, and we are already planning to start the construction works in June. We will start providing services ensuring instantaneous isolated mode electricity reserve operation this December’, said Rimvydas Štilinis, the CEO of Energy cells, the company implementing the project.
Energy Cells will integrate a system of energy storage facilities with a total power and capacity of 200 megawatts (MW) and 200 megawatt-hours (MWh) to the Lithuanian energy network. Four parks of 50 MW each and energy storage parks with a capacity of 50 MWh will be placed by Energy Cells in Vilnius, Šiauliai, Alytus and Utena. The energy storage system will serve as an instant in isolated work energy reserve, and ensure a reliable and stable Lithuanian electricity system to synchronisation with continental European networks. In the future, it will contribute to the rapid integration of renewable energy sources.
Energy cells, a company implementing the electricity storage facilities system project is owned by the EPSO-G energy transmission and exchange company group.