It targets large-scale energy storage projects in Spain. It focuses on technologies like standalone battery energy storage systems (BESS), pumped hydro energy storage (PHES), and thermal energy storage. The program supports hybrid projects, which combine storage with renewable energy, such as solar or wind farms.
Spain has launched an ambitious €700 million (around $796 million) program to increase its energy storage capacity. This plan will add 2.5 to 3.5 gigawatts (GW) of storage. It includes pumped hydro, thermal energy storage, and battery systems.
Investing in energy storage helps Spain meet its climate goals. This includes achieving carbon neutrality by 2050. Storing renewable energy instead of wasting it helps the country rely less on fossil fuels. This also cuts down greenhouse gas emissions. Pumped hydro, thermal storage, and battery systems are effective technologies.
Developers have pledged €1.99 billion in total investment for 144 projects representing 2.61 GW and 11.14 GWh of capacity. Battery energy storage systems accounted for 124 of the selected projects, while 17 involved thermal or power-to-heat storage and three were pumped hydro sites. To continue reading, please visit our ESS News website.
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The decree explicitly classifies energy storage facilities and their associated grid connection infrastructure as “public utility” for the first time. This grants them legal support …
Spain has chosen the 143 energy storage projects that will receive capex support from an EU-backed scheme, totalling nearly 9GWh of capacity.
Renewco Power, a UK-headquartered renewable energy group with offices in Madrid and Sevilla, Spain, and Atlantica Sustainable Infrastructure—a London-based company—on March 10 said …
The decree explicitly classifies energy storage facilities and their associated grid connection infrastructure as “public utility” for the first …
The innovation energy storage project auction is seeing positive outcomes for Spain with a series of projects announced, and a domestic battery manufacturer rapidly expanding …
The Spanish energy agency has proposed funding for 144 energy storage sites totaling 2.61 GW and 11.14 GWh under a European Regional Development Fund program.
A 5MW/20MWh BESS project Powin and Hitachi deployed for Galp in Portugal. Image: Powin / Hitachi / Galp. Galp has kicked off construction on five new battery energy …
Spain is taking decisive action to modernize its power system and accelerate the shift toward a fully electrified economy. This week, the Council of Ministers approved a new …
The European Commission has approved a substantial €699 million state aid scheme aimed at bolstering energy storage in Spain, positioning the nation firmly on the path …
Iberdrola España secures funding to expand battery, thermal, and pumped storage projects across Spain, boosting renewable energy and resilience.
Explore Spain’s top energy-storage battery innovators, from solid-state disruptors to modular system specialists. Learn how Dawnice stands out in this crowded field with cutting …
This new funding builds on earlier support under Spain’s Recovery, Transformation and Resilience Plan (PRTR), which has already mobilized €730 million for 4.5 GW of storage …
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