site.btaBulgarian Energy Storage Battery Project Granted Strategic Status under EC's Net-Zero Regulation

A Bulgarian project for the production of energy storage batteries, BG EXERON X-BESS, has been granted strategic status under the European Commission’s (EC) Net-Zero Industry Act (NZIA), the Economy Ministry reported on Tuesday. The Ministry coordinates the implementation of the regulation in Bulgaria.

The BG EXERON X-BESS system is based on a patented energy storage technology developed entirely by International Power Supply AD (IPS). Listed in the EC’s public registry, the project is one of only six European battery and energy storage ventures granted strategic status.

On Tuesday, Economy Minister Petar Dilov met with IPS CEO Alexander Rangelov. During the meeting, Dilov emphasized the Government's active efforts to improve energy efficiency and ensure secure supply chains for Bulgarian industry, with particular focus on net-zero technologies.

The initiative will place Bulgaria on the global map for battery-based energy storage technologies, in line with the goals set in the NZIA for secure and sustainable technology supply chains and expanded production capacity.

The project is expected to create at least 65 new jobs by the end of 2025, with a significant share being high value-added positions, 25% in research, development and engineering, and 60% as technical specialists. Production is scheduled to begin this autumn at the high-tech Hemus Industrial Park in Sofia.