Spain''s €700 Million Plan to Boost Energy Storage and
It focuses on technologies like standalone battery energy storage systems (BESS), pumped hydro energy storage (PHES), and thermal energy storage. The program supports
“Our strategy is very clear: to turn Madrid into our central base for energy storage systems. From there, we'll provide agile and specialized support to clients across Europe and Latin America,” Gattoni explained.
The European Commission approved a new support scheme. 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.
Taking into consideration the ratios of aid granted per megawatt of storage in previous calls, 2.5 to 3.5 gigawatts of new capacity could be expected. This decisive boost to the development of energy storage will help ensure the transformation of the energy system to make it more flexible, robust and resilient.
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