Motor Oil’s MORE completes three battery systems in Greece

MORE, standing for Motor Oil Renewable Energy, built three standalone battery energy storage systems in Greece. The company won government support for the projects two years ago at an auction.

Oil refiner Motor Oil Hellas said its green energy arm has installed 72 MW in BESS capability, with 144 MWh in total capacity. The three standalone facilities are in Phocis (Fokida), Florina, and Boeotia (Viotia).

MORE, which is an acronym of Motor Oil Renewable Energy, completed the battery systems in just three months, the update reveals. The company pointed out they are among the first of such a scale in Greece.

“The operation of these energy storage systems will lead to a substantial further reduction in electricity prices for consumers by utilizing renewable energy that is currently being curtailed. At the same time, they will contribute to grid stability and enhance the country’s energy security,” Motor Oil added.

The three projects were selected during the second competitive process of the Regulatory Authority for Energy, Waste and Water (RAAEY or RAEWW) for energy storage systems. It was held in 2024. The investments are funded through the National Recovery and Resilience Plan Greece 2.0 and the European Union’s Recovery and Resilience Facility, under the NextGenerationEU program.

According to recent reports, new BESS facilities of 300 MW in combined operating power were waiting for approvals in Greece to be able to start operating.

Athens International Airport (AIA) Eleftherios Venizelos inaugurated a large solar-BESS hybrid power plant last month. Government-controlled Public Power Corp. – PPC Group is building three standalone battery storage systems at its coal plants.

Motor Oil is also involved in hydrogen projects, wind power and carbon capture and storage.