Welcome On Board Energiasalv Pakri OÜ!

The European Association for Storage of Energy (EASE) is glad to extend a warm welcome to its newest member Energiasalv Pakri OÜ - who joined EASE in September 2020. Mr Siitam, Managing Director at Energiasalv Pakri OÜ, accepted to discuss with us Energiasalv Pakri OÜ’s expertise in energy storage and expectations from this collaboration with EASE.

Could you summarise the most interesting insights from Energiasalv Pakri OÜ’s work for energy storage?

Mr Siitam: Energiasalv has been focused on finding solutions that would turn energy storing cheaper and more widely used. We believe, that in many cases extensive research, risks and high capital costs of research can be avoided, but sustainable businesses can still be created by integrating best practices of different businesses and developing innovative business models.

The technological novelty of Energiasalv technology is the placement of the lower reservoirs of the pumped-hydro plants in the Earth's crust, using the surface bodies of water as the upper reservoirs of the plants and thus, forming multi-sources revenues from the sales of crystalline bedrock (or other) materials. We find this technological solution to be economically viable and we are implementing it in our Estonian 500MW pumped-hydro energy storage project ESTONIAN PUMPED-HYDRO ENERGY STORAGE. It’s worth mentioning that our technical approach enables easy and low-cost extension of the pumped storage plant. An important feature of this technological solution is that several other energy-related businesses can be created based on the infrastructure of the pumped storage plant, thus improving the economic viability of the plant’s business plan.

What created the interest from your company to join EASE?

Mr Siitam: We have followed the work of EASE for quite some time and like the great and visible work that you do. Also, we are now ready with our project and technology for new strategic partners and this is where EASE can help us with networking. We also see the need for more extensive cooperation with different stakeholders and hope that EASE’s platform provides good opportunities for this.

What is your vision for how storage can contribute to the energy transition?

Mr Siitam: We have been involved for years in developing and updating the “100% RES-based Estonia” concept. Honestly, I do not see it successfully happening without a major break-through in energy storage, but we also see today how slow, superficial and slogan-type is the approach of public institutions in this respect. Supporting technology development and its learning curve, bridging financing gaps and removing regulatory obstacles – those are just some public sector activities that need to be developed. However, much can also be done in the search of synergies by entrepreneurs – successful businesses are those that combine the better features of different businesses and technologies and create new, more competitive business models.

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