Electricity storage for balancing power supplies will be the goal of a $211 million loan

 that Ukraine seeks from the World Bank and the Clean Technology Fund. According to Wednesday’s decision by the Cabinet of Ministers, the money would go for buying and installing 197 lithium-ion energy storage systems near hydroelectric plants operated by Ukrhydroenergo. Ukraine’s power transmission system is ill-equipped to handle the fluctuating electricity flows from wind and solar power plants.

Energy storage systems in Ukraine can receive $300 million in revenues a year

, Volodymyr Kudrytskyi, chairman of Ukrenergo, predicted at a recent press conference, reports ExPro Consulting. Solar and wind power plant have production peaks and lows, necessitating storage systems to ‘balance’ electricity flows. DTEK is preparing to commission Ukraine’s first industrial power storage  system, a 1 MW unit next to the Zaporizhia thermal power plant. Built by Sungrid, a Canadian company, the unit uses a lithium-ion energy storage system supplied by Honeywell.