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storage can also ofer greater flexibility and eficiency in managing the grid. Furthermore, and although hydropower storage already makes up a significant source of peaking capacity in Bulgaria, battery-based energy storage can address peaking needs during times of droughts, meet requirements for more distributed peaking po

ablish a reliable energy system with greater share of intermittent generation. In the context of Bulgaria's energy landscape, energy storage solutions present a diverse array of benefits to various stakeholders stemming fro its unique ability to time-shift energy and rapidly respond when called upon. The applic

Rising costs for fossil fuels and CO 2 emissions are already pushing electricity prices in Bulgaria to record high levels. In response, businesses are turning to renewable energy to lower their electricity bills.

ity came from thermal power stations, and only 7 percent from solar and wind1. Historically, Bulgaria has also been a major producer and exporter of electricity for the surrounding region with a total of 10 inte connectors spread across Romania, Serbia, North Macedonia, Greece, and Turkey. The country thus has a critical role in driving a more s

Energy storage technologies can enable sector coupling too. It can link the electricity sector to the heating and cooling sector, as well as to transport, thus helping to decarbonise otherwise hard-to-abate industry sectors.

d a glimpse of the new challenges Bulgaria will face on its energy transition. In May 20 3, Bulgaria was for the first time in a decade a net importer of electricity2. The reason for this was not a lack of generating capacity, but instead the natural logic of power markets seeking the