Madrid opens new energy storage cabinet

4 FAQs about [Madrid opens new energy storage cabinet]

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.

Will Spain support new ''electricity storage projects''?

The European Commission said it will support the construction of 1,800MWh of new ‘electricity storage projects’ while Spain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) said it would support a total of 2.5-3.5GW of new capacity, in a separate announcement.

Will Madrid become a central base for energy storage systems?

“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.

Does Spain need energy storage?

Additionally, Spain is strengthening policies to support the growth of energy storage. The country aims to deploy 22 GW of energy storage by 2030 and 50 GW by 2050. Currently, the total installed capacity of energy storage in Spain—covering planned, under-construction, and completed projects—stands at about 20 GW.

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