Electricity

First Greek “smart” battery for households in February 2018

Photo: Pixabay

Published

October 20, 2017

Country

Comments

0

Share

Published:

October 20, 2017

Country:

Comments:

0

Share

An attractively designed working model of the first Greek-designed lithium ion “smart” battery for households will be ready for domestic consumers in February, 2018, Vasilis Nikolopoulos, the co-founder and CEO of Greek firm Intelen Inc has told the Athens-Macedonian News Agency (ANA) radio station ‘Praktorio 104.9 FM’.

Greek media report that in his interview to the radio station, Nikolopoulos explained that the battery prototype, along the lines of those designed by Tesla in the US or Mercedes in Germany, is a result of the collaboration of two Greek firms. His team is working with young Greek researchers at the Demokritos research center, who have set up a specialised company and developed a new lithium ion electrode enriched with graphene, which has superior power storage behavior. This technical innovation is combined with software to create a smart battery and this is where Intelen comes in, he said.

“We are contributing the algorithms we have created, years ago now, in order to make and have ready, in the first third of 2018, a prototype battery that we will also test in Greece,” he explained.

A smart battery would allow households to store up energy when prices are low and then use the stored power when prices are high.

The “smart” element of the battery, he noted, was managing the stored energy in ways that dovetail with each consumer’s domestic consumption patterns and minimize energy costs. Consumers could combine the battery with solar power panels, or cheaper off-peak power rates, to minimize their power consumption costs.

For the time being, the cost of the lithium ion batteries remains high, Nikolopoulos pointed out, meaning that some sort of incentive or subsidy is needed to make the investment economically, viable for households.

He noted that new laws and European directives after 2018 will introduce fluctuating power prices to Greece, with the cost of power varying throughout the day. A smart battery would allow households to store up energy when prices are low and then use the stored power when prices are high.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

BiH digitalization speed up investments

BiH turns to digitalization to speed up investments

01 October 2022 - A new application provides a customized guide for specific projects, with a list of permits, consents and other necessary documentation

Wind turbine Siemens Gamesa lay off 10 workforce

Wind turbine giant Siemens Gamesa to lay off 10% of workforce

30 September 2022 - Delivery delays and the rise in material costs forced Siemens Gamesa to cut 2,900 jobs as part of its restructuring plan

Rama Biggest issue not electricity price availability

Rama: Biggest issue will not be electricity price but its availability

30 September 2022 - Albania's Prime Minister Edi Rama called on citizens again to save electricity, saying it is not just about the financial cost

Gas interconnector Greece Bulgaria commercial operation October 1

Gas interconnector Greece-Bulgaria to start commercial operation on October 1

29 September 2022 - Greece and Bulgaria issued operating permits for the interconnector between the two countries' gas networks