Tbilisi energy storage subsidy policy document

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

Is Tbilisi a republic or a state?

Tbilisi is Georgia’s capital and largest city, and the country covers a territory of 69 700 square kilometres (km 2) with a population of 3.7 million. It is a unitary semi-presidential republic, with the government elected through a system of representative democracy.

What is the impact of energy storage system policy?

Impact of energy storage system policy ESS policies are the reason storage technologies are developing and being utilised at a very high rate. Storage technologies are now moving in parallel with renewable energy technology in terms of development as they support each other.

How does ESS policy affect transport storage?

The International Energy Agency (IEA) estimates that in the first quarter of 2020, 30% of the global electricity supply was provided by renewable energy . ESS policy has made a positive impact on transport storage by providing alternatives to fossil fuels such as battery, super-capacitor and fuel cells.

What is Georgia's new law on energy and water supply?

The new Law on Energy and Water Supply, approved by Georgia’s parliament in 2019, was developed in co‑operation with the Energy Community to transpose the requirements of key electricity and gas directives into Georgian legislation.

How do ESS policies promote energy storage?

ESS policies mostly promote energy storage by providing incentives, soft loans, targets and a level playing field. Nevertheless, a relatively small number of countries around the world have implemented the ESS policies.