Central to the project is the installation of a 200 MW/200 MWh battery energy storage system (BESS) at the Ksani substation near Tbilisi, a critical step toward integrating higher levels of renewable energy into the national grid.
How has Georgia reformed the energy sector?
The government has achieved much in reforming the energy sector; however, Georgia has yet to align its policy and regulatory frameworks to adopt new technologies such as energy storage and green hydrogen, which are emerging as the future of energy security.
How can Georgia benefit from surplus energy?
Unfortunately, no energy storage facility, planned investments, or supporting incentive policies are in place to help Georgia benefit from this surplus energy. Policy and regulatory constraints in integrating new technologies to address energy security.
What is the energy policy and strategy of Georgia?
The energy policy and strategy of Georgia (footnote 8) is based on securing energy supplies, providing energy to consumers at affordable rates, transposing EU energy legislation into Georgian law in accordance with the EEC agreement, increasing the share of renewable energy, and increasing energy transit/trade, among other key measures.
What is Georgia's energy security?
Energy security. Georgia's energy mix is dominated by hydropower (75%), and due to seasonal variations in water availability, relies heavily on imports from neighboring countries (Russia and Azerbaijan) to meet demand-supply gap.
In 2021, under an ADB-funded program, Georgian State Electrosystem (GSE) undertook substantial corporate governance reforms and successfully terminated its insolvency proceedings. The electricity market is being piloted on large customers and was projected to be fully opened to all participants by September 2022. Energy security.