Greece's PPC, Metlen to develop battery storage across Romania, Bulgaria, Italy
March 5 (Reuters) - Greece's PPC DEHr.AT said on Thursday it has signed a 50-50 joint venture agreement with Metlen MTLN.L to develop, construct and operate up to 1,500 MW (3,000 MWh) of battery energy storage projects across Romania, Bulgaria and Italy, securing a significant portion of its energy storage target over the next three years.
PPC also said that 1,000 MW are expected to be implemented within the next 12 months.
For the construction of the projects, two-hour liquid-cooled lithium iron phosphate (LFP) battery systems will be used ensuring efficiency and safety, it added.
PPC Group will handle project development and energy management, while Metlen will manage construction.
Storage stations will support photovoltaic and wind parks by storing surplus energy for injection into the grid during periods without sun or wind, PPC said.
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