Why do we need energy storage solutions in Bulgaria?

ablish a reliable energy system with greater share of intermittent generation. In the context of Bulgaria’s energy landscape, energy storage solutions present a diverse array of benefits to various stakeholders stemming fro its unique ability to time-shift energy and rapidly respond when called upon. The applic

What is the main energy source in Bulgaria?

The main local energy source in Bulgaria is lignite coal. Another local energy source is nuclear energy, which significantly contributes to energy independence. In 2022, the share of nuclear energy production is 32.6% of total electricity production in Bulgaria. The share is expected to remain above 40% until 2030.

Why did Bulgaria start exploring alternative energy options?

As a result, Bulgaria started to explore alternative energy options and sought to diversify its energy supply. This included increased interest in renewable energy sources, as well as efforts to strengthen its energy ties with the EU.

Why is Bulgaria promoting self-sustaining energy solutions?

Bulgaria is also pushing for small- and medium-sized businesses to adopt more self-sustaining energy solutions, including solar energy and battery storage, to reduce dependency on the grid during peak consumption times. Source: IRENA

What is Bulgaria's energy strategy?

Despite being a net electricity exporter, with major buyers like Romania, Greece, and North Macedonia, Bulgaria’s energy strategy remains fossil-fuel dependent. The 2019 National Energy and Climate Plan indicated a long-term reliance on coal and nuclear, with no immediate phase-out in sight. 4. Future prospects

Does Bulgaria have a good energy sector?

Bulgaria’s energy sector is at a critical juncture, with two main objectives shaping its direction: decarbonization and reducing reliance on Russian energy. Over the past year, Bulgaria has made considerable progress in expanding its renewable energy capacity, particularly in solar power.