ADB grants $104m loan to boost Georgia’s energy security – battery storage and green hydrogen included
The Asian Development Bank (ADB) has approved a $104 million loan to help enhance Georgia’s energy security.
Axar.az reports , this was released by the Asian Development Bank (ADB).
Under ADB’s Energy Storage and Green Hydrogen Development Project, the bank will help Georgia create its first-ever energy storage facility and explore green hydrogen development possibilities in the country.
The project will enhance the country’s electricity grid’s ability to integrate a higher level of renewable energy by adding a 200MW/200MWh Battery Energy Storage System (BESS) to its transmission network at the Ksani Substation near Tbilisi. The facility will improve energy security, reduce Georgia’s reliance on grid stability support from neighboring countries, and pave the way for greater private sector participation.
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ADB grants $104m loan to boost Georgia’s energy security – battery storage and green hydrogen included, source
