YEREVAN, APRIL 5, ARMENPRESS. Simultaneously with the enhancement of electricity production volumes with solar power stations, Armenia eyes establishment of accumulative stations (batteries).

Hayk Harutyunyan, deputy minister of energy infrastructures and natural resources, told ARMENPRESS that they want to build the first 14 MW / h energy storage accumulator battery by 2020 in Ddmashen, Gegharkunik province.

“The battery stations are necessary not only for renewable energy, but also for our base capacities. We aim at the maximally efficient use of our base capacities”, he said.

The ministry is currently discussing approaches of the construction of the stations.

Harutyunyan said they are also discussing the possibility of hydro-accumulation stations – taking into account the hydro-energy resource of Armenia.

Armenia is also negotiating with Tesla on the sidelines of the battery project.

Tesla, Inc. (formerly Tesla Motors) is an American company that specializes in electric vehicles, energy storage and solar panel manufacturing based in Palo Alto, California. Founded in 2003, the company specializes in electric cars, lithium-ion battery energy storage, and residential photovoltaic panels (through the subsidiary company SolarCity). The additional products Tesla sells include the Tesla Powerwall and Powerpack batteries, solar panels and solar roof tiles.

Elon Reeve Musk is a South African-born Canadian American business magnate, investor, and engineer. He is the founder, CEO, and lead designer of SpaceX; co-founder, CEO, and product architect of Tesla, Inc.; and co-founder and CEO of Neuralink. In December 2016, he was ranked 21st on the Forbes list of The World's Most Powerful People. As of February 2018, he has a net worth of $20.8 billion and is listed by Forbes as the 53rd richest person in the world.

English –translator/editor: Stepan Kocharyan