CRANBERRY TOWNSHIP, Pa.–(BUSINESS WIRE)–Westinghouse Electric Company and Bulgarian Energy Holding (BEH), the state-owned energy enterprise, have signed today a Memorandum of Understanding to implement Long-Duration Energy Storage (LDES) in Bulgaria. The signing was witnessed by the Minister of Energy of Bulgaria Alexander Nikolov.
The agreement calls for the installation of two Pumped Thermal Energy Storage (PTES) units providing 2 GWh of sustainable energy storage. This significant addition will boost electric grid resiliency and provide an economic means to support and stabilize renewable energy generation in the country, with the potential to offset up to 0.7 million metric tons of CO2 emissions annually. The technology was developed within the Westinghouse family of companies.
“The goal for carbon neutrality set by the European Green Deal is a serious challenge…