Tuesday, July 23, 2024
HomeElectricityUkraine's president signs law on the use of energy storage systems

Ukraine’s president signs law on the use of energy storage systems

Ukraine’s president Volodymyr Zelenskyi signed the Law on the Use of Energy Storage Systems, which will balance the operation of the power system and increase the stability of electricity supply to consumers.

As also reported by the European-Ukrainian Energy Agency, the law provides not only a regulation of a new type of activity on the electricity market (electricity storage activities), but also a new licensing.

The law is aimed at encouraging electricity market participants to introduce and develop energy storage technologies, which is especially relevant given the growing capacity of green energy, which has led to significant imbalances in the energy system.

Indeed, energy storage facilities can optimise electricity production and provide additional capacity to balance the energy system, guaranteeing its flexibility – to balance the load on generation and other electricity infrastructure.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular