For stakeholders in battery storage, thermal storage, and pumped hydro, this program offers not only financial backing but also long-term stability and political support. Spain has launched a €700 million energy storage program to support battery, thermal, and pumped hydro projects, aiming to deploy 2.5–3.5 GW of capacity.
La Moncloa. 17/03/2025. European Commission approves new 700 million aid scheme to boost energy storage in Spain [News] The Ministry of Ecological Transition and Demographic Challenge will promote the large-scale deployment of this technology by co-financing investments of up to 85%.
The European Commission has approved a new aid scheme that will allow Spain to deploy large-scale electricity storage, both in hybridisation with renewable energy facilities and stand-alone and thermal.
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.
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Spain’s €700M plan adds 2.5–3.5 GW of energy storage to boost renewables, cut emissions, and strengthen the grid.
Customer ServiceSpain has chosen the 143 energy storage projects that will receive capex support from an EU-backed scheme, totalling nearly 9GWh of capacity.
Customer ServiceThe European Commission has approved a new aid scheme that will allow Spain to deploy large-scale electricity storage, both in hybridisation with renewable energy facilities …
Customer ServiceEnergy storage has become a key piece of the electrical future in Spain, amidst the advance of renewable energies and the progressive withdrawal of nuclear generation. Ensuring the network stability Faced …
Customer ServiceSpain has launched a €700 million energy storage program to support battery, thermal, and pumped hydro projects, aiming to deploy 2.5–3.5 GW of capacity. The initiative, …
Customer ServiceThe 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.
Customer ServiceSpain’s €700M plan adds 2.5–3.5 GW of energy storage to boost renewables, cut emissions, and strengthen the grid.
Customer ServiceGlobal energy storage capacity was estimated to have reached 36,735MW by the end of 2022 and is forecasted to grow to 353,880MW by 2030. Spain had 88MW of capacity in …
Customer ServiceSpain has launched a €700 million energy storage program to support battery, thermal, and pumped hydro projects, aiming to deploy 2.5–3.5 GW of capacity. The initiative, led by MITECO and backed by EU …
Customer ServiceThe innovation energy storage project auction is seeing positive outcomes for Spain with a series of projects announced, and a domestic battery manufacturer rapidly expanding …
Customer ServiceEnergy storage has become a key piece of the electrical future in Spain, amidst the advance of renewable energies and the progressive withdrawal of nuclear generation. …
Customer ServiceSpain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has announced a major funding initiative worth €700 million to boost large-scale …
Customer ServiceSpain is processing 462 energy storage projects totaling 7.6 GW. See the hybrid vs standalone split, regional hotspots, and technical implications for delivery and O&M.
Customer ServiceLatest developments in solar PV technology, energy storage advancements, commercial power solutions, and industry insights from our team of renewable energy experts across Poland.
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