RESTORE 2

/SOFIA, BULGARIA, February 24, 2026, 9:30 CET, RENEWABLE MARKET WATCH™/ Axpo and Advance Green Energy have announced a long-term financial agreement to hedge the market revenues of Bulgaria’s first and largest operational battery energy storage system (BESS), located in the Balkan Industrial Park in Lovech. This partnership highlights a mutual commitment to innovation and sustainability in developing renewable energy storage solutions in the region.

/SOFIA, BULGARIA, January 5, 2026, 9:15 CET, RENEWABLE MARKET WATCH™/ A comprehensive funding initiative has been successfully completed, supporting 31 projects for the construction and commissioning of electricity storage facilities. This initiative, part of the National Infrastructure for Storage of Electricity from Renewable Sources (RESTORE 2), has a budget of BGN 228.9 million.

/SOFIA, BULGARIA, September 9, 2025, 9:15 CEST, RENEWABLE MARKET WATCH™/ Contracts have been signed for a total of 6,000 MWh of installed battery capacity as part of the initiative aimed at developing a comprehensive national infrastructure for storing energy derived from renewable sources, known as the RESTORE program. This initiative is financially supported through the Bulgarian Recovery and Resilience Plan.

/SOFIA, BULGARIA, September 2, 2025, 11:30 CEST, RENEWABLE MARKET WATCH™/ Thus, in addition to the batteries planned so far for nearly BGN 1.2 billion (EUR 0.61 billion), another 1,900 MWh of electricity storage systems will be added in the second part of the program in Bulgaria, and the total amount of grant funding they will receive is over BGN 230 million (EUR 117.6 million).