Nov 2, 2024 · RIGA, Nov. 1 (Xinhua) -- Renewable energy company Utilitas Wind on Friday inaugurated the largest battery energy storage system (BESS) in Latvia to date, local media
Feb 25, 2025 · Latvenergo, Latvia''s leading energy company, plans to install 250 megawatts (MW) of energy storage capacity by 2030. This ambitious target is
LATVIA: Latvenergo launches tender for battery energy storage at Riga Latvenergo, Latvia''''s state-controlled electricity provider, has initiated a procurement process for constructing a
As a global pathfinder, leader and expert in battery energy storage system, BYD Energy Storage specializes in the R&D, manufacturing, marketing, service and recycling of the energy
Nov 6, 2024 · Hoymiles, as a key technology supplier, played a pivotal role in the project. Managed by Utilitas, Latvia''s largest wind energy producer, this project combines wind energy
Feb 18, 2025 · 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.
Riga-2 Combined Cycle Power Plant Unit II is a 420MW gas fired power project. It is located in Salaspils, Latvia. According to GlobalData, who tracks and profiles over 170,000 power plants
Let''s talk about Riga''s energy storage revolution – where medieval charm meets cutting-edge battery tech. As of 2025, Latvia''s energy storage capacity has grown 300% since 2020, with
Riga''s municipal code now mandates 2-hour storage capacity for all new solar installations over 50kW. This forward-thinking regulation created a 170% surge in local storage deployments
Mar 2, 2022 · China aims to further develop its new energy storage capacity, which is expected to advance from the initial stage of commercialization to large-scale development by 2025, with
Feb 21, 2025 · 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),
The battery system is an essential infrastructure element for the security and stability of Latvia’s energy supply. The batteries will work as modern accumulators for storing large volumes of energy, which will be important for ensuring energy balance once the Latvian electricity supply grid works in sync with the European grid.”
The disconnection of the Latvian energy supply system from the Russian-controlled grid is a key condition for achieving Latvia’s energy independence and security of energy supply.
According to the original plan, all infrastructure projects in Latvia will be completed by the end of 2025, with the bulk of the work completed by February 2025, ensuring technical readiness for the safe and stable operation of the system in synchronisation mode. If playback doesn't begin shortly, try restarting your device.
Kaspars Melnis, the Minister of Climate and Energy points out: “The most ambitious energy independence project in the Baltics is in its final phase, with major contributions from all the stakeholders. The battery system is an essential infrastructure element for the security and stability of Latvia’s energy supply.
The global industrial and commercial energy storage market is experiencing explosive growth, with demand increasing by over 250% in the past two years. Containerized energy storage solutions now account for approximately 45% of all new commercial and industrial storage deployments worldwide. North America leads with 42% market share, driven by corporate sustainability initiatives and tax incentives that reduce total project costs by 18-28%. Europe follows closely with 35% market share, where standardized industrial storage designs have cut installation timelines by 65% compared to traditional built-in-place systems. Asia-Pacific represents the fastest-growing region at 50% CAGR, with manufacturing scale reducing system prices by 20% annually. Emerging markets in Africa and Latin America are adopting industrial storage solutions for peak shaving and backup power, with typical payback periods of 2-4 years. Major commercial projects now deploy clusters of 15+ systems creating storage networks with 80+MWh capacity at costs below $270/kWh for large-scale industrial applications.
Technological advancements are dramatically improving industrial energy storage performance while reducing costs. Next-generation battery management systems maintain optimal operating conditions with 45% less energy consumption, extending battery lifespan to 20+ years. Standardized plug-and-play designs have reduced installation costs from $85/kWh to $40/kWh since 2023. Smart integration features now allow multiple industrial systems to operate as coordinated energy networks, increasing cost savings by 30% through peak shaving and demand charge management. Safety innovations including multi-stage fire suppression and thermal runaway prevention systems have reduced insurance premiums by 35% for industrial storage projects. New modular designs enable capacity expansion through simple system additions at just $200/kWh for incremental capacity. These innovations have improved ROI significantly, with commercial and industrial projects typically achieving payback in 3-5 years depending on local electricity rates and incentive programs. Recent pricing trends show standard industrial systems (1-2MWh) starting at $330,000 and large-scale systems (3-6MWh) from $600,000, with volume discounts available for enterprise orders.