Bulgaria is set to enhance its energy infrastructure with the commissioning of a new utility-scale battery storage facility developed by Sinexcel, a Chinese technology provider. The 10 MW battery system, which boasts a storage capacity of 33.86 MWh, is scheduled to commence operations on March 30. This initiative represents a significant move towards improving the country’s grid flexibility, enabling better management of electricity supply and demand.
Located in Ivancha, a village in northern Bulgaria, the project was executed by Evklips Group, a local company specializing in solar equipment and services. The financing for this venture was secured on a nonrecourse basis through DSK Bank, part of Hungary’s OTP Group. However, details regarding the total investment have not been disclosed.
The primary aim of the new battery system is to facilitate electricity price arbitrage, thereby enhancing overall network performance. By providing fast-response balancing services, this facility is expected to bolster local grid stability and improve the efficiency of electricity trading in the region.
This project aligns with Sinexcel’s broader strategy for European expansion, which emphasizes advanced energy storage solutions and robust power infrastructure. Established in 2007, Sinexcel has an impressive global portfolio that includes 15 GW of installed energy storage capacity along with approximately 140,000 EV charging units deployed worldwide.
