Latvenergo, a state-owned energy company based in Latvia, plans are to expand its generation portfolio with the development of battery energy storage systems (BESS), aiming to be a leading play in the Baltic BESS market..
Latvenergo, a state-owned energy company based in Latvia, plans are to expand its generation portfolio with the development of battery energy storage systems (BESS), aiming to be a leading play in the Baltic BESS market..
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Energy company Latvenergo said February 18 it is investing heavily in battery systems with the stated intention of becoming the the Baltic market leader in battery energy storage systems (BESS). "A growing demand in the energy market for battery energy storage system (BESS) technologies is. .
A growing demand in the energy market for battery energy storage system (BESS) technologies is developing currently, and the trend is expected to remain stable in the future. Similarly to solar energy and electromobility, this is a strategically new business area for Latvenergo, which is aiming to. .
Latvia state-owned utility and power generation firm Latvenergo intends to deploy 250MW/500MWh of BESS in the next five years. Latvenergo said it will build the battery energy storage system (BESS) projects in response to increasing demand for flexibility and to synergise with its hydropower. .
Due to substantial hydroelectric capacity and biomass, Latvia markets itself as having one of the “greenest” supplies of energy in Europe, with renewable sources of energy making up about nearly 45 percent of total energy consumption. The European Union has set climate change goals that aim to.
