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Croatia Thermal Energy Storage (TES) Industry Analysis
The Grid-scale/Utility Scale Thermal Energy Storage System (TESS) industry in Croatia is currently experiencing a surge in construction of new projects. This is due to the increasing demand for renewable energy sources and the need for energy storage solutions to balance the intermittent nature of renewable energy.
One of the major drivers of this growth is the government's commitment to increasing the share of renewable energy in the country's energy mix. The government has set a target of 5% renewable energy by 23, which has led to a significant increase in investment in renewable energy projects, including TESS.
Another driver is the decreasing cost of TESS technology. As the technology becomes more mature and widely adopted, the cost of construction and operation of TESS projects is decreasing, making them more economically viable.
The industry outlook for TESS in Croatia is positive, with a number of new projects in the pipeline. The government has announced plans to build a 2 MW TESS project in the city of Sisak, which will be one of the largest in Europe. Other projects are also being planned, including a 5 MW TESS project in the city of Zadar.
In conclusion, the Grid-scale/Utility Scale Thermal Energy Storage System (TESS) industry in Croatia is experiencing significant growth due to the increasing demand for renewable energy sources and the decreasing cost of TESS technology. The government's commitment to increasing the share of renewable energy in the country's energy mix is also driving investment in TESS projects. The industry outlook is positive, with a number of new projects in the pipeline.
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