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Ukrhydroenergo plans to implement project to install energy storage at HPPs by late 2024 – head

KYIV. Feb 23 (Interfax-Ukraine) – PrJSC Ukrhydroenergo plans to complete a project for the installation of hybrid power generation systems (energy storage systems and solar power plants (SPPs)) at Ukrainian hydroelectric power plants (HPPs) by the end of 2024.

“Now we are developing a feasibility study on energy storage and we plan to complete the implementation of this project by the end of 2024, which, by the way, will become the largest in Europe,” Director General of Ukrhydroenergo Ihor Syrota said in an interview with the company’s press service, published on its website on Thursday.

According to him, the project provides for the installation of 212 MW of energy storage systems to expand the capabilities of Ukrhydroenergo to provide ancillary services for frequency regulation and restoration, as well as 63.9 MW of solar power plants as an additional source of hydroelectric power plants’ own needs and charging energy storage.

“It is worth noting that these are innovative technologies, the main task of which is to optimize the operation of the electricity market by aligning the schedule of its consumption and production. They will help smooth out the imbalances of green generation, which is highly dependent on the weather. Energy can be stored in such industrial batteries when it is a lot, and can be used during periods of shortage,” Syrota explained.

As reported, President of Ukraine Volodymyr Zelenskyy signed law No. 0150 on the ratification of guarantee agreements between Ukraine and the International Bank for Reconstruction and Development (IBRD) for $211 million as part of an investment project to improve the sustainability of the energy system for European integration, which provides for the installation of hybrid power generation systems by PrJSC Ukrhydroenergo.