Estonia vigorously promotes energy storage on the power generation side

Could solar panels boost energy prices in Estonia?

Solar panels. Source: Ken Mürk/ERR The Estonian Ministry of Climate says it is encouraging the creation of energy storage options in Estonia, on the rationale that this would help with boosting the share of renewable energy and would also help smooth out peaks in electricity prices for consumers.

When will Estonia's first energy storage project start?

Estonia´s first long-duration energy storage project, Zero Terrain Paldiski, obtained the main building permits in December 2022. Construction of the country’s first pumped-hydro storage plant will begin in 2025.

How much energy does Estonia use?

Estonia's all-time peak consumption is 1591 MW (in 2021). In 2021 the electricity generated from renewable energy sources was 29.3 %, being 38% of the share of renewable energy in gross final energy consumption. Oil-based fuels, including oil shale and fuel oils, accounted for about 80% of domestic production in 2016.

Why is Estonia a hub of electricity?

Estonia's grid is an important hub as it is connected to Finland in the north, Russia in the east, Latvia and Lithuania in the south. Electricity is traded on the Nordic power market Nord Pool. In 2014–2016, yearly net imports from Finland were equal to 31-67% of consumption.

What makes Estonia a digital powerhouse?

According to Freedom House, this country also enjoys one of the most significant economic, press, and Internet freedoms globally. The secret of being a digital powerhouse lies in the pioneering advances made by its government under its innovative e-Estonia initiative – fostering innovative education, virtual business, and digital citizenship.

When will Estonia's first pumped-hydro storage plant start?

Construction of the country’s first pumped-hydro storage plant will begin in 2025. During the nominal operating cycle of 12 hours, Zero Terrain Paldiski generates 6GWh of power to the grid, which is somewhat more than the average daily consumption of all Estonian households.