“In fact, we are already seeing the transition to energy storage in Bulgaria, mainly through the development of battery storage facilities behind-the-meter,” Alexander Rangelov, CEO of the International Power Supply (IPS) Group, an energy storage manufacturer headquartered in Sofia, told pv magazine.
Specifically, according to data presented by Soltani at the RE-Source Southeast Conference, Bulgaria’s electricity market offers an opportunity for €110 per MWh profit with a battery energy storage system with two hours of discharge capacity using energy arbitrage. Rystad Energy’s analysis has set the battery system costs at a flat €60 per MWh.
The selected storage systems will be geographically distributed across Bulgaria and connected either to the national transmission grid or local distribution networks. All awarded projects must be operational by March 2026.
As Europe races toward climate neutrality, Bulgaria’s surge in storage capacity signals a shift not only in national priorities but also in regional energy dynamics.
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Energy storage in Bulgaria is expanding rapidly as the government awards nearly 10 GWh of capacity to 82 projects, boosting renewable energy reliability and grid stability.
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