Pioneering Renewable Energy in Cyprus
Introduction
At Enerthon, we are the driving force behind Cyprus' transition to a sustainable energy future. Specializing in the design, licensing, installation, and Operations and Maintenance of photovoltaic (PV) systems and Battery Energy Storage Systems (BESS), we provide cutting-edge commercial and industrial scale energy solutions tailored for businesses.
Our innovative approach to energy investment sets us apart. Enerthon covers the entire project cost upfront, offering a unique PV and BESS-as-a-service plan where clients and Enerthon share the savings from the energy production.
Our innovative approach to energy investment sets us apart. Enerthon covers the entire project cost upfront, offering a unique PV and BESS-as-a-service plan where clients and Enerthon share the savings from the energy production.
This ensures that clean energy is not just sustainable but also accessible and financially viable, eliminating the burden of high initial costs.
As pioneers in renewable energy, we are at the forefront of integrating BESS – the next big leap in energy efficiency helping to balance the Cyprus grid. By combining renewable power generation with advanced energy storage, we help businesses achieve energy independence, lower electricity costs, save curtailed energy and reduce carbon footprint.
As pioneers in renewable energy, we are at the forefront of integrating BESS – the next big leap in energy efficiency helping to balance the Cyprus grid. By combining renewable power generation with advanced energy storage, we help businesses achieve energy independence, lower electricity costs, save curtailed energy and reduce carbon footprint.
At Enerthon, we are the driving force behind Cyprus' transition to a sustainable energy future. Specializing in the design, licensing, installation, and Operations and Maintenance of photovoltaic (PV) systems and Battery Energy Storage Systems (BESS), we provide cutting-edge commercial and industrial scale energy solutions tailored for businesses.
Our innovative approach to energy investment sets us apart. Enerthon covers the entire project cost upfront, offering a unique PV and BESS-as-a-service plan where clients and Enerthon share the savings from the energy production.
Our innovative approach to energy investment sets us apart. Enerthon covers the entire project cost upfront, offering a unique PV and BESS-as-a-service plan where clients and Enerthon share the savings from the energy production.
This ensures that clean energy is not just sustainable but also accessible and financially viable, eliminating the burden of high initial costs.
As pioneers in renewable energy, we are at the forefront of integrating BESS – the next big leap in energy efficiency helping to balance the Cyprus grid. By combining renewable power generation with advanced energy storage, we help businesses achieve energy independence, lower electricity costs, save curtailed energy and reduce carbon footprint.
As pioneers in renewable energy, we are at the forefront of integrating BESS – the next big leap in energy efficiency helping to balance the Cyprus grid. By combining renewable power generation with advanced energy storage, we help businesses achieve energy independence, lower electricity costs, save curtailed energy and reduce carbon footprint.
At Enerthon, our vision is to lead the transformation of Cyprus into a beacon of renewable energy innovation and sustainability. We strive to make clean, reliable, and cost-effective energy accessible to every business, empowering industries to thrive while protecting the environment for future generations.
We envision a future where:
We envision a future where:
OUR VISION
- -1-Solar powerdrives the energy needs of businesses and communities, eliminating dependence on fossil fuels
- -2-Battery Energy Storage Systems (BESS)enable uninterrupted energy supply, maximizing the potential of renewables and enhancing energy independence
- -3-Affordable solutionslike our unique PV and BESS-as-a-service plan remove financial barriers, making the shift to renewables the reality for all
- -1-Solar powerdrives the energy needs of businesses and communities, eliminating dependence on fossil fuels
- -2-Battery Energy Storage Systems (BESS)enable uninterrupted energy supply, maximizing the potential of renewables and enhancing energy independence
- -3-Affordable solutionslike our unique PV and BESS-as-a-service plan remove financial barriers, making the shift to renewables the reality for all
MEET THE TEAM
- Kirill PopovCo-Founder & CEO25 years of professional experience in the energy and chemical industries
Professional experience:- Head of the division for outlook, analysis and development, marketing and trading at one of the world's largest oil & gas companies
- Invested in multiple startups conducting R&D in chemistry and biotech
- Vice-president of the Russian Chemist Union and member of the petrochemical department at the Russian Chamber of Commerce and Industry
- MSc in Applied Physics and Natural Sciences (RUDN University, Russia).
- Kirill PopovCo-Founder & CEO25 years of professional experience in the energy and chemical industries
Professional experience:- Head of the division for outlook, analysis and development, marketing and trading at one of the world's largest oil & gas companies
- Invested in multiple startups conducting R&D in chemistry and biotech
- Vice-president of the Russian Chemist Union and member of the petrochemical department at the Russian Chamber of Commerce and Industry
- MSc in Applied Physics and Natural Sciences (RUDN University, Russia).
- Dmitri RamzaitsevCo-Founder & CFO15 years of professional experience in business development, corporate finance, and asset management
Professional experience:- Head of a Family Office overseeing several projects in real estate, energy and a diversified portfolio of financial investments
- Finance director and Head of business development of a project developing the largest manganese mine in Russia with investments of over $350M
- Investment banking at Morgan Stanley (London)
- BA in Mathematics, MSc in Financial Economics (University of Oxford, UK).
- Steven BurgHead of Engineering15 years of professional experience in the electrical industry, including 5 years specializing in renewable energy
Professional experience:- Founder and CEO of Ecotech Electrical - a company that delivered PV and Battery systems to domestic, commercial and industrial customers in South Africa
- At the forefront of providing innovative energy solutions, driving sustainability and ensuring quality electrical services.
- Valeria TsirouProject Manager5 years of professional experience in the Renewable Energy Sector and Sustainability
Professional experience:- Project Manager in PV industry and RES Licensing Specialist, overseeing successfully more than 40 on-going projects from initiating till closing
- Project & Design Engineer for PVs
- BSc & MSc in Environmental Engineering (University of Patras, Greece)
- MSc in Energy Building Design (International Hellenic University).
- Valeria TsirouProject Manager5 years of professional experience in the Renewable Energy Sector and Sustainability
Professional experience:- Project Manager in PV industry and RES Licensing Specialist, overseeing successfully more than 40 on-going projects from initiating till closing
- Project & Design Engineer for PVs
- BSc & MSc in Environmental Engineering (University of Patras, Greece)
- MSc in Energy Building Design (International Hellenic University).
Accounting and Audit
PV Supplier and Engineering Service Provider
Investors
National Employer Association
Battery energy storage systems supplier
OUR PARTNERS
Legal Services
Cyprus Association of Renewable Energy Enterprises
OUR PROJECTS
- completed
- in progress
Our expertise lies in delivering comprehensive solutions for photovoltaic (PV) systems and cutting-edge Battery Energy Storage Systems (BESS). We remain owners of the systems and hence our client does not have any up-front costs or operational risks.
PRODUCTS
-
Photovoltaic (PV) Systems:We design, install, and manage solar power installations that transform sunlight into clean, cost-effective electricity. Whether it's a rooftop system or a ground-mounted solar farm, we tailor each project to meet the unique energy needs of our clients, ensuring maximum efficiency and long-term reliability -
Innovative Financing Model:We make the transition to renewable energy seamless and affordable with our unique profit sharing proposal. By covering 100% of the project's upfront investment, we eliminate financial barriers, allowing clients and Enerthon to share the savings from the energy production. This pay-as-you-save model ensures immediate savings for your business -
Battery Energy Storage Systems (BESS):As the energy landscape evolves, we lead the way by integrating advanced BESS technology into our projects. These systems store surplus energy for later use, providing stability, reducing reliance on the grid, and ensuring uninterrupted power supply for your operations -
Turnkey Solutions:From project inception to operation, we handle every aspect of the process, including feasibility studies, permitting, engineering, installation, monitoring, and maintenance. Our end-to-end services are designed to give you peace of mind while delivering superior energy performance.
Why Solar & BESS?
Real change from the rooftops
When you power your business with solar panels, you're not just cutting costs—you're cutting down on global carbon emissions. Make a positive impact on the planet and get reliable energy at the same time.
When you power your business with solar panels, you're not just cutting costs—you're cutting down on global carbon emissions. Make a positive impact on the planet and get reliable energy at the same time.
Small steps, big change
Switching to solar can seem complex, but at Enerthon, we make it easy.
Switching to solar can seem complex, but at Enerthon, we make it easy.
1
Step 1
We evaluate the most effective solar and BESS solutions tailored to your business’s current and future energy requirements
2
Step 2
We agree on a profit-sharing plan to minimize the energy costs to your business with minimal upfront costs
3
Step 3
Our experts design and install a solar system customized specifically for your home and business
4
Step 4
We take care of everything else, offering extended warranties, 24/7 system monitoring, and dedicated customer support. Let’s work together to power the planet with solar energy.
FAQ
Designing a solar system tailored to your needs involves assessing factors like your energy consumption, available space for PVs, its orientation and location.
Solar Panels: Generate electricity from sunlight.
Inverters: Convert the DC energy from panels into AC energy for home use.
Electrical Panel: Distributes power to your home.
Electricity Meter: Measures excess electricity sent back to the grid.
Battery Backup: Stores energy for evenings and nights, cloudy days or grid outages.
Many companies offer online tools for system design, but at Enerthon, our experts are ready to guide you. They’ll ask the right questions, recommend suitable panels, and calculate the necessary battery backup to ensure consistent power supply regardless of grid conditions.
Inverters: Convert the DC energy from panels into AC energy for home use.
Electrical Panel: Distributes power to your home.
Electricity Meter: Measures excess electricity sent back to the grid.
Battery Backup: Stores energy for evenings and nights, cloudy days or grid outages.
Many companies offer online tools for system design, but at Enerthon, our experts are ready to guide you. They’ll ask the right questions, recommend suitable panels, and calculate the necessary battery backup to ensure consistent power supply regardless of grid conditions.
The number of panels depends on your roof size and energy needs. Speak with an Enerthon solar specialist for a personalized estimate tailored to your requirements.
Enerthon offers financing options to make the switch to solar available at zero-cost to your business. We provide Solar-as-a-service with a revenue sharing agreement between the parties. The details of this agreement depend on the load profile of each client.
The type of storage we propose is Li-Ion based - the industry standard today and tomorrow. The capacity will very much depend on your consumption pattern. Speak with an Enerthon BESS specialist for a personalized estimate tailored to your requirements.
At Enerthon, we are committed to ensuring that your system operates seamlessly 24/7, as our success is directly tied to your ability to minimize expenses. Our business model is designed to guarantee optimal performance, aligning our interests with yours.
Discover the many advantages of going solar:
Solar systems reduce the risk of blackouts by using distributed energy generation. This means power is spread across different areas, so a weather issue in one location won’t disrupt an entire region. Pairing your solar system with backup battery storage ensures reliable power, even during grid outages.
Solar power is an endless, free resource that provides significant environmental and economic benefits:
Solar systems reduce the risk of blackouts by using distributed energy generation. This means power is spread across different areas, so a weather issue in one location won’t disrupt an entire region. Pairing your solar system with backup battery storage ensures reliable power, even during grid outages.
Solar power is an endless, free resource that provides significant environmental and economic benefits:
- It’s non-toxic and produces no harmful emissions.
- It reduces dependence on fossil fuels.
- It helps combat climate change by lowering carbon emissions.
- It supports job creation in the renewable energy sector.
Designing a solar system tailored to your needs involves assessing factors like your energy consumption, available space for PVs, its orientation and location.
Solar Panels: Generate electricity from sunlight.
Inverters: Convert the DC energy from panels into AC energy for home use.
Electrical Panel: Distributes power to your home.
Electricity Meter: Measures excess electricity sent back to the grid.
Battery Backup: Stores energy for evenings and nights, cloudy days or grid outages.
Many companies offer online tools for system design, but at Enerthon, our experts are ready to guide you. They’ll ask the right questions, recommend suitable panels, and calculate the necessary battery backup to ensure consistent power supply regardless of grid conditions.
Inverters: Convert the DC energy from panels into AC energy for home use.
Electrical Panel: Distributes power to your home.
Electricity Meter: Measures excess electricity sent back to the grid.
Battery Backup: Stores energy for evenings and nights, cloudy days or grid outages.
Many companies offer online tools for system design, but at Enerthon, our experts are ready to guide you. They’ll ask the right questions, recommend suitable panels, and calculate the necessary battery backup to ensure consistent power supply regardless of grid conditions.
The number of panels depends on your roof size and energy needs. Speak with an Enerthon solar specialist for a personalized estimate tailored to your requirements.
Enerthon offers financing options to make the switch to solar available at zero-cost to your business. We provide Solar-as-a-service with a revenue sharing agreement between the parties. The details of this agreement depend on the load profile of each client.
The type of storage we propose is Li-Ion based - the industry standard today and tomorrow. The capacity will very much depend on your consumption pattern. Speak with an Enerthon BESS specialist for a personalized estimate tailored to your requirements.
At Enerthon, we are committed to ensuring that your system operates seamlessly 24/7, as our success is directly tied to your ability to minimize expenses. Our business model is designed to guarantee optimal performance, aligning our interests with yours.
Discover the many advantages of going solar:
Solar systems reduce the risk of blackouts by using distributed energy generation. This means power is spread across different areas, so a weather issue in one location won’t disrupt an entire region. Pairing your solar system with backup battery storage ensures reliable power, even during grid outages.
Solar power is an endless, free resource that provides significant environmental and economic benefits:
Solar systems reduce the risk of blackouts by using distributed energy generation. This means power is spread across different areas, so a weather issue in one location won’t disrupt an entire region. Pairing your solar system with backup battery storage ensures reliable power, even during grid outages.
Solar power is an endless, free resource that provides significant environmental and economic benefits:
- It’s non-toxic and produces no harmful emissions.
- It reduces dependence on fossil fuels.
- It helps combat climate change by lowering carbon emissions.
- It supports job creation in the renewable energy sector.
LEARN
Since 2023 the Cyprus energy system operator significantly increases curtailment (limiting) of energy from photovoltaic systems to be accepted by the grid.
ABOUT CURTAILMENT
The Cyprus energy market is in a transitional phase and is expected to be gradually transform into a Competitive market from 2025 onwards. Storage is essential for PV systems in both the Transitional & Competitive markets.
ABOUT CURTAILMENT
- 2024 average curtailment – 29%
- Peak daily curtailment – 80%
- Energy generation curtailments occur when there is too much electricity production in the grid not balanced with the demand
- Battery energy storage systems (BESS) can store excess PV generation during periods of curtailment (around noon) and improve grid stability.
The Cyprus energy market is in a transitional phase and is expected to be gradually transform into a Competitive market from 2025 onwards. Storage is essential for PV systems in both the Transitional & Competitive markets.
A Battery Energy Storage System (BESS) stores excess energy from renewables and discharges energy during peak demand periods.
Our BESS Features:
Our BESS Features:
- Proven lithium-ion (LFP) battery chemistry
- Smart energy management systems
- Efficient temperature management control
- Advanced fire suppression technology
- Remote monitoring and control
Storage is essential for PV systems in both the Transitional & Competitive markets. Cyprus is currently transitioning from a closed energy market to a more competitive one. The new market will include dynamic pricing and allow for energy trading. It's expected to be in place by the end of 2025.
TRANSITIONAL MARKET
- …, 2024, 2025
- Fixed electricity price (monthly)
- PV without storage loses ~€150/MWh
- Opportunities for BESS to combat curtailment
COMPETITIVE MARKET
- 2026 (expected), 2027,…
- Dynamic electricity price (15-minute)
- PV without storage loses ~€300/MWh
- Price arbitrage opportunities for BESS
OUR VIEW:
In a competitive energy market, prices become dynamic, based on supply and demand. During periods of peak energy production, excess energy supply can lead to negative pricing. This issue can be addressed through the deployment of Battery Energy Storage Systems (BESS), which store surplus energy and discharge it during periods of higher demand and pricing, such as evening peak load periods.
- If Transitional Market remains in Cyprus beyond 2025, the growing PV generation will increase curtailment
- In the Competitive Market Cyprus will also see negative pricing.
In a competitive energy market, prices become dynamic, based on supply and demand. During periods of peak energy production, excess energy supply can lead to negative pricing. This issue can be addressed through the deployment of Battery Energy Storage Systems (BESS), which store surplus energy and discharge it during periods of higher demand and pricing, such as evening peak load periods.
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