Nova Poshta is preparing to launch its own energy storage this summer

Nova Poshta is preparing to launch its own energy storage this summer facebook.com/Volodymyr.Popereshnyuk
Hanna Velyka

The company declares a goal to become energy independent by the end of 2025

Nova Energy, a subsidiary of Nova Poshta, plans to launch its first energy storage facility this summer.

This was announced by Nova Energy CEO Andriy Lytvynenko in an interview with Forbes Ukraine.

He said that some of the ordered equipment had already arrived in Ukraine last week. It will be installed in May. The top manager hopes that the equipment will start working in a few months, but does not rule out the impact of unforeseen events.

By the end of the year, Nova Energy plans to install three energy storage facilities with a capacity of 4.8 MWh. They will be integrated into a joint system with Nova Poshta's solar power plants, cogeneration units, and diesel generators.

Andriy Lytvynenko noted that after the installation of the watchdogs, it would make sense to increase the area of the company's SPPs.

“When the sun is shining the most, the surplus energy produced will be collected by the watchdog, and then we will take it away at the hours when electricity is most expensive,” he explained.

According to Nova Energy's CEO, the company is satisfied with the performance of its first SPPs, as the design calculations have been confirmed.

“We build power plants primarily to cover our own needs. During the design process, we even calculated the orientation of the panels themselves to know exactly how much electricity they would produce at specific hours of the day,” he explained.

In this way, the company managed to avoid the overproduction of electricity by solar power plants, which was faced by one of Ukraine's largest retailers, ATB.

Nova Poshta plans to become energy independent by the end of the year. To do this, it needs to build 11.3 MW of generation with investments of about $10.7 million.

As EcoPolitic reported in early March, Nova Poshta equipped another of its Kyiv terminals with a solar power plant.

Related
Blocking CBAM mitigation measures, banning ETS offsets: the EU is preparing changes
Blocking CBAM mitigation measures, banning ETS offsets: the EU is preparing changes

At the same time, the European Union aims to mitigate the impact of the energy crisis by reducing taxes on clean energy

Biodiesel in Ukraine could replace up to 30% of imported fuel. What should the government do?
Biodiesel in Ukraine could replace up to 30% of imported fuel. What should the government do?

Currently, this type of biofuel is produced on a large scale only when the price of oil remains above $100 per barrel for an extended period

The world's largest offshore wind farm has been connected to the UK power grid via an undersea cable
The world's largest offshore wind farm has been connected to the UK power grid via an undersea cable

The offshore wind farm is located 120 km off the coast of Yorkshire

From solar panels to insulation: The EBRD has launched a €2 billion program for businesses and citizens
From solar panels to insulation: The EBRD has launched a €2 billion program for businesses and citizens

The program covers renewable energy projects, energy efficiency improvements, and small-scale power generation