A new utility-scale battery storage facility is close to entering full operation in Bulgaria, marking another step toward greater grid flexibility in the country. Chinese technology provider Sinexcel has completed the installation of a 10 MW battery system with a storage capacity of 33.86 MWh, and commissioning is scheduled for 30 March.
The project is located in Ivancha, a village in northern Bulgaria, and was developed by local solar equipment and services company Evklips Group. Financing was arranged on a nonrecourse basis by DSK Bank, part of Hungary’s OTP Group, while the total investment value has not been made public.
The system is designed to enable electricity price arbitrage and enhance overall network performance. By delivering fast-response balancing services, the battery is expected to improve local grid stability and make electricity trading more efficient.
For Sinexcel, the Bulgarian project supports its broader European expansion strategy, which focuses on advanced storage solutions and more resilient power infrastructure. Founded in 2007, the company reports a global portfolio of 15 GW of installed energy storage capacity and around 140,000 EV charging units deployed worldwide.
