An agreement outlines the development of a pipeline exceeding 100 megawatts (MW), with Helexia anticipating the completion of approximately a quarter of this (25 MW) by 2026, representing an investment of around 20 million euros.
“We estimate that from this 100 MW pipeline, we will start this year and implement a quarter of this capacity, around 25 MW, by 2026, and we estimate an investment of about 20 million euros for this,” stated Helexia’s director in Portugal, Luis Pinho, in an interview.
These storage solutions involve implementing ‘behind-the-meter’ systems, allowing companies to reduce costs, achieve greater autonomy in energy management, and provide services to the electricity grid, generating new revenue sources, as stated in a press release.
The system is integrated with photovoltaic panels, enabling the battery to be charged whenever there is surplus solar production.
A ‘behind-the-meter’ solution consists of a system of generation, storage, and energy management, allowing a company to consume electricity produced internally before resorting to the electrical grid.
“With NGEN, we want to be actively involved in the natural evolution of the energy sector, which will inevitably lead to greater digitalization and decentralization,” Luis Pinho affirmed.
He added that these systems allow for “arbitrage of consumption, pricing, and also promote network services.”
The director of Helexia further stated that this business model “enables companies to play a role in the security and stability of the electrical system, becoming more than just energy buyers, reinforcing the ‘prosumer’ concept, whereby they become producers, consumers, and simultaneously guarantors of system stability.”
Helexia also highlighted that these storage solutions align with the new Global System Management Procedures Manual (MPGGS), published by the Energy Services Regulatory Authority (ERSE).
NGEN Group is a European energy technology company specializing in battery energy storage systems (BESS) and smart grid solutions.
Helexia is engaged in developing and implementing decarbonization solutions through renewable energy use and energy consumption optimization.
