
The estimated contract value for this project is set at €45 million excluding VAT. The project requires the engaging parties to design, construct, and install the battery storage system.

Rapid cost reductions of solar photovoltaics and wind offer a pathway to deep decarbonization of energy at low cost. Off-river pumped hydro energy storage provides mature, cheap and very large-scale storage t.

The price of the cathode active materials in lithium ion batteries is a key cost driver and thus significantly impacts consumer adoption of devices that utilize large energy storage contents (e.g. electric vehicles)..

Private-sector projects developed under build-own-operate (BOO) contracts will be priced at $0.023 per kilowatt-hour, while projects where the government owns the solar plants but investors provide the storage capacity will have a lower rate of $0.014 per kilowatt-hour.