The Trade Committee of the House of Representatives recently discussed the issue of lacking renewable electricity storage systems, resulting in the waste of significant power generation. This conversation arose following the decision by the EAC (Electricity Authority of Cyprus) to install remote control systems known as “Ripple Control” in buildings.
During the committee session, it was revealed that the discharge of electricity from renewable sources in Cyprus is necessary during autumn and spring when demand decreases, but production increases, to prevent power outages.
Makis Ketoni, the president of the Cyprus Hydrogen Association, highlighted the potential of hydrogen as an energy storage solution for renewables, in addition to chemical storage like batteries. He emphasized that Cyprus had already lost 10,000 megawatt-hours of energy by the end of April, and it is projected that an additional 30,000 to 40,000 megawatt-hours will be rejected from the system by year-end.
In the previous year, losses from renewable sources amounted to approximately 8,000 megawatt-hours. Ketoni stressed that this wasted energy could be effectively utilized.
When questioned about the financial impact of this energy loss, Ketoni stated that it cost 200 euros per megawatt-hour, prompting the attendees to consider the significant financial implications.
Additionally, Ketoni revealed that in Cyprus, approximately 20% of the energy generated by photovoltaic systems goes to waste each year.