Lithuania has announced a €102m (US$106m) BESS tender to install high-power electricity storage facilities to balance the electricity system. Companies are invited to apply for support for a maximum amount of financing of no more than €150k per 1 MWh. The selected bids will be reimbursed for the purchase and installation of at least 15 MW of permissible generating power storage facilities. The storage device must be connected directly to the electricity transmission network or to the power plant connected to the networks (at the same point). Also, the capacity of the device should be at least 2 hours and not more than 4 hours. Capacity cannot exceed 300 MWh, and for legal entities belonging to related enterprises, the total capacity of the facilities cannot exceed 500 MWh. Storage facilities or costs related to their installation must be incurred no earlier than 9 March 2023. The period of eligible expenditure will continue until the end of 2028. Applicants must implement the projects within 36 months from the date of award of the grant. Applications will be open until 17 June 2025.
The tender comes within the successful synchronization of Lithuania, Estonia and Latvia’ grids with the Continental Europe Synchronous Area (CESA), marking its independence from Russia's and Belarus's electricity systems. This synchronisation, which had been 18 years in the making, involved over 40 infrastructure projects and over €1.2bn in European investment. The European Union overall has slashed its energetic dependence on Russia by stopping its importations of coal, cutting oil purchases down to 3%, and reducing gas imports by 75%.
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