TERNA Energy emphasizes energy storage importance in Greece

TERNA Energy is advocating for increased investment in energy storage and renewable energy sources to ensure system stability within the current geopolitical environment. CEO Aristotelis Handavas stated that investments in renewables must be accelerated and that Greece requires greater momentum in the energy storage sector.

Energy storage is viewed as a critical bridge between production and consumption, allowing for better utilization of variable wind and solar power. This strategy aims to create a more flexible and resilient system capable of absorbing surplus energy, thereby reducing reliance on peak thermal units and mitigating exposure to international fuel price fluctuations.

A central pillar of the company's strategy is a large-scale pumped-storage project in Amfilochia, which is presented as an emblematic large-scale storage investment designed to store energy during low demand and release it when prices and needs are higher.