Optimus Energy and Enspired have formed an alliance to bring battery energy storage system (BESS) optimisation to the Greek energy market.
The collaboration establishes a one-stop shop for the cross-market optimisation of energy storage assets to accelerate the energy transition.
Optimus Energy will serve as the exclusive route-to-market service provider, while Austria-based optimisation specialist Enspired will deliver top-tier, algorithm-driven trading and real-time strategy execution.
The aim of the partnership is to unlock the full potential of grid-scale battery assets set to be operational in the solar-rich but storage-deficient country.
The collaboration kicks off with an initial 270MW portfolio of energy storage projects.
The partners say Greece has a surplus of solar energy but no battery systems to balance it, which leads to unmanageable levels of volatility and unmonitored curtailments.
With 14GW of renewables already installed and 26GW expected by 2030, too much power, especially solar, is set to be lost due to lack of storage.
Optimus Energy chief executive Stella Zacharia said: “We are facing extreme curtailments around noon and during seasons of low demand.
“As more capacity comes online until 2030, this challenge will only grow.
“To fully integrate these additions, Greece will need 4 to 5GW of storage. Yet today, we do not even have 1MW in operation!
“That is why we are bringing battery optimisation to Greece together with Enspired: to support the upcoming storage integration.
“With Enspired as our partner, we create a strategic advantage in the Greek market.
“Their platform allows us to establish a one-stop shop for all-inclusive battery and energy storage optimisation services.
“If you want to leverage the full potential of a new market, you need to shape it from day one, and Enspired’s technology makes that possible.”
Picture: The teams from Optimus Energy and Enspired sign the contract in Athens