As of Q3 2023, the project has completed 65% of its infrastructure work, with full commissioning expected by mid-2024. A typical 10kWh residential system now costs €6,500-€8,200 – that's €200/kWh cheaper than 2021 prices.
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In 2025, the typical cost of commercial lithium battery energy storage systems, including the battery, battery management system (BMS), inverter (PCS), and installation, ranges from $280 to $580 per kWh. Larger systems (100 kWh or more) can cost between $180 to $300 per kWh.
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Long story short: Montenegro's state-owned power company, Elektroprivreda Crne Gore (EPCG), is pioneering the installation of battery energy storage systems (BESS) to enhance energy system efficiency and support renewable energy integration.
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These include solar components (solar panels, inverters, batteries), off-grid and grid-tie solar systems for commercial, industrial and residential applications, battery energy storage systems, energy efficient LED lighting systems, solar water heating.
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