How many energy storage companies are there in Armenia

Armenia produces almost as much electricity from nuclear power as from hydroelectricity. According to the U.S. Energy Information Administration data, gross electricity generation was dominated by fossil fuels (43.4%), followed by hydroelectricity (22.8%), nuclear energy (30.0%), and other renewable sources (3.8%).

There is currently no fossil fuels production in the country . Since Armenia is fully dependent on imports from other countries and natural gas accounts for a significant part of its total energy consumption, the gas pipeline system can rightly be called the main infrastructural part of the fossil fuel sector in Armenia.

Hydropower is already a stable component of Armenia's electricity system and provides about 23% of the country's electricity. According to, in 2022 in Armenia, the total production of primary energy was 0.039 quadrillion Btu, while consumption was at the level of 0.169 quadrillion Btu.

This makes Armenia a country heavily dependent on energy imports. According to the Review by the International Energy Agency, the energy mix of Armenia was dominated by natural gas (58.8% of total energy supply in 2022), and Armenia's domestic energy production comes mostly from nuclear and hydro resources. Figure 2.

Since Armenia has no significant fossil fuel reserves, the country's positions in crude oil and natural gas remain blank in the chart above. The strongest indicators reflected on the graph are Combination production-consumption for coal (0.76) and Combination of electricity production-consumption (0.61).

The strongest indicators reflected on the graph are Combination production-consumption for coal (0.76) and Combination of electricity production-consumption (0.61). In addition, Armenia has a relatively good performance in GDP per unit of energy use (0.55).