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New technological innovations in the field of energy storage solutions

Deloitte supports research and innovation projects which empower the local power system with sustainable and intelligent technologies making an impact that matters.

On the 6th of October 2022, Partner and Financial Advisory Services Leader Nicos S. Kyriakides, and Eliza Loucaidou, Director at the Innovation and Entrepreuneurship Centre, participated in the final workshop of “EMPOWER - Empowering the Cyprus power system with sustainable and intelligent technologies” project entitled “Energy storage in Cyprus: New technologies and challenges”

During the workshop, the presentations and discussions were focused on the topics of energy storage technologies, pilot development and monitoring, the legal framework in Cyprus, the competitive market and support schemes.

Deloitte participates in the consortium of the project which is funded by the Research and Innovation Foundation of Cyprus. We are pleased to have a significant contribution in the project implementation, leading the exploitation activities, including the preparation of commercialisation plan for storage solutions and software tool developed in the framework of this interesting project.