Is Armenia developing a battery storage project?

Currently, Armenia is in the initial stages of developing a pilot project on battery storage, with plans for a utility-scale project with an estimated installed storage capacity of 1,200 MWh to be tendered in the coming years.

Can Armenia reduce its reliance on energy imports?

Additionally, a second gas pipeline from Iran provides another import route, primarily utilized through a barter agreement where Armenia exchanges electricity for natural gas, only partially using the imported volumes for domestic consumption. Presently, Armenia is actively seeking ways to diminish its reliance on energy imports.

What is Armenia doing in 2022?

In 2022, Armenia published the program on energy saving and renewable energy for 2022- 2030. These endeavours have resulted in a notable achievement: a year-on-year reduction of 10% in gas imports from Russia in 2023. Armenia’s generation mix is diversified, with gas contributing 42%, nuclear 32%, and hydro 22%.

What is Armenia's Energy Policy?

Diversifying energy sources and reducing import dependencies are key Armenian policy priorities. With no significant domestic fossil fuel reserves, hydroelectric power is the primary local energy source. Yerevan aims to expand renewables to meet decarbonization targets and decrease import reliance.

Does Armenia have a gird stability?

Although Armenia’s energy program for 2022-2030 includes plans to evaluate wind energy potential, tangible projects not yet on the pipeline, and the installed wind capacity remains negligible at 8.2 MW. As solar capacity continues to rapidly expand in the country, concerns regarding gird stability have commenced to rise.

How big is Armenia's nuclear power plant?

The total generation capacity stands at 4 GW, which exceeds peak demand needs (~1.3 GW). However, due to an aging power park, the available capacity is comparatively lower at 3.1 GW. The entirety of Armenia’s 448 MW nuclear capacity is housed in the Metsamor nuclear power plant.