Sermatec has secured a 430 MWh energy storage project in Bulgaria as the country is focused on deploying energy storage systems to enhance stability of its power networks. Sermatec will deliver a full-lifecycle energy storage solution, with the system designed to charge during off-peak hours using low-cost electricity and discharge during peak hours, benefiting from time-of-use pricing.
Sermatec’s energy storage system has a modular design combined with long-lifespan battery technologies. The project is expected to be delivered by end of December 2025. Grid connection and operation are expected by March 2026. Furthermore, Sermatec will provide technological support and ongoing operations and maintenance (O&M) services for the project.
Shanghai Sermatec Energy Technology Company Limited is a renewable energy and energy digitalisation operator, founded in 2017 and headquartered in Shanghai, China. The company specialises in large-scale energy storage system solutions, and has delivered over 10 GWh of battery capacity worldwide.
REGlobal’s Views: Europe continues to be an important market for Chinese energy storage manufacturers with many of them exporting large volumes to the continent and others even setting up manufacturing bases in the continent in the face of growing trade barriers and logistics issues. Even Sermatec has established 3 GWh manufacturing base in Málaga, Spain and has set up its European headquarters in Frankfurt, Germany.
