Battery production and direct sales in Latvia
Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new
Energy company Latvenergo said February 18 it is investing heavily in battery systems with the stated intention of becoming the the Baltic market leader in battery energy storage systems (BESS).
Operating synchronously with continental Europe, one of the most important functions is ensuring frequency regulation and balancing reserves. In order to ensure the required frequency regulation, batteries are being installed in Latvia.
The innovations and infrastructure of Latvenergo will not only strengthen the security of supply but also the development of the Baltic region.” BESS, or Battery Energy Storage System, is a technology that allows electricity to be stored with the objective of feeding it back into the grid at times of peak demand.
"Future projects will be carefully evaluated to strategically deploy storage capacities across the Baltic states in order to maximise the benefits for the security of supply and customers," the company added, giving a broad hint that it will also be looking to place BESS assets in Estonia and Lithuania.
Automotive lithium-ion (Li-ion) battery demand increased by about 65% to 550 GWh in 2022, from about 330 GWh in 2021, primarily as a result of growth in electric passenger car sales, with new
Batteries The Battery Energy Storage System (BESS) is one of the most important projects in the synchronisation of Baltic power grids with the continental Europe electricity system in
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Latvia Lithium-ion Battery Energy Storage Systems Market is expected to grow during 2025-2031
A wide range of energy storage technologies are available, but we will focus on lithium-ion (Li-ion)-based battery energy storage systems (BESS), although other storage mechanisms follow
Why Liepaja Leads in Energy Storage Innovation Liepaja, Latvia''s third-largest city, has become a hotspot for energy storage system manufacturing. With its strategic Baltic Sea location and growing
The addition of two utility-scale battery energy storage systems (BESS) in Latvia marks the final milestone in synchronizing the Baltic power grids with continental Europe, according to the
"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.
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.
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