6 FAQs about Madrid Power Storage System Production

What is energy storage in Spain?

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.

Why do we need battery energy storage systems in Spain?

Due to the large capacity of installed hydroelectric and thermal storage systems and the resilience of the Spanish power grid, the need for Battery Energy Storage Systems (BESS) in Spain has been relatively low. The lack of a clear regulatory framework for BESS has also hindered its development in Spain so far.

How will Spain increase its energy storage capacity?

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.

Why should Spain invest in energy storage?

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.

How much energy storage does Spain need in 2030?

The projected storage needs of Spain in 2030 are similar to those of the UK and Italy. In its National Energy and Climate Plan (NECP), the Spanish government aims to have 22.5GW of energy storage by 2030 (see table 1). This amount of storage capacity will be needed to integrate the growing capacity of intermittent generation.

What is Spain's regulatory framework for energy storage?

Spain's regulatory framework for BESS is set in its Strategy for Energy Storage. The Strategy identifies the required regulatory measures – such as grid access, market structure, and addressing double tolling – that are currently needed to ensure the deployment of a solid energy storage market.

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