Within the EBRD’s support of the transition to sustainable, low-carbon economies, this project considered Albania’s ambitions and renewable energy investments. The EBRD commissioned the Grid Flexibility and Storage Assessment Study, with the main beneficiary the Albanian Transmission System Operator. Aspiro assessed Albania’s decarbonization potential, identified and compared technologies for energy storage systems suitable for the country. We examined government energy goals and ongoing projects and studies. We estimated the balance between electricity supply and demand up to 2033 projecting trends in hydroelectric power plants (HPP), renewable energy sources (RES), nuclear power plants (NPP), and gas plants projects.