Spain needs energy storage to decarbonise further whilst securing grid stability and minimising curtailment. Knowing this, the government has set an ambitious target for energy storage: 12 GW by 2030.

Building all this capacity would bring tangible benefits to the system. Renewable energy developers would also benefit from energy storage. As it stands now, PV’s rapid growth threatens oversupply during peak sunlight hours, driving wholesale electricity prices down and, potentially, compromising the economic viability of PV plants. By integrating energy storage, PV plant operators could store during peak production hours and sell whenever it is most profitable.

Despite all the benefits that the Spanish energy system and operators could draw from energy storage, growth has been somewhat slow. This could be about to change, as the government undertakes concrete initiatives to foster energy storage. One of those initiatives is the recent call for tenders for innovative energy storage projects, with €160 million in grant funding to standalone systems and thermal storage projects. A new Integrated Energy and Climate Plan (PNIEC) is also on the works, as are regional funding mechanisms for energy storage.

Join this webinar to get clear insights into the current state of the Spanish energy storage market, its challenges and opportunities.

• Understand the ins and outs of the upcoming energy storage tender issued by MITECO (Ministry for the Ecological Transition)
• Find out what services and revenue streams are available for energy storage projects in Spain, and which could become available soon
• Learn more about the market fundamentals of energy storage in Spain. Are the drivers strong enough to meet the government target of 12 GW of storage by 2030?
• Hear about technology trends: is there a market in Spain for technologies such as molten salt thermal storage, flow batteries and pumped hydro?

Join this webinar to get answers to all your questions on the Spanish energy storage market.