The Spanish government has set a new 2030 energy storage target of 22.5 GW in an energy strategy submitted to the European Commission. The nation aims to cover over
Image: Wood Mackenzie / ACP Grid-scale storage deployments alone are expected to reach 13.3 GW in 2025. Across all segments, Wood Mackenzie expects 15 GW of storage deployments, growing another 25% over
В 2025, residential systems average $2.20–$3.00 per watt globally, amidst larger commercial and industrial projects having economies of scale. For businesses, a properly
Energy storage deployment across North America broke records in 2024, driven by falling battery prices, increased system efficiencies, and growing market opportunities. Globally, energy storage deployment increased
Several key factors influence the ROI of a BESS. This article explores the various factors influencing the return of investment of BESS.
The market for utility-scale storage projects remains comparatively small at around 100MW, though a pipeline of projects is beginning to emerge.2,3,4,5 Much of Spain''s existing utility
This article explains what the program involves, how energy storage benefits the grid and environment, the market opportunities it creates, and who will benefit from this major investment.
The energy storage landscape is changing quickly as scientists work to create better and longer-lasting storage solutions. Experts are focused on improving smart grids to ensure that electricity systems work well and are.
The goal is to improve how Spain uses renewable energy and to make its electricity grid more reliable and flexible. This article explains what the program involves, how energy storage benefits the grid and environment, the
Dalam 2025, residential systems average $2.20–$3.00 per watt globally, amidst larger commercial and industrial projects having economies of scale. For businesses, a
While power demand is expected to continue to see strong growth in 2025 and beyond, the growth rate of low-carbon energy sources is now close to covering the entire
24 June 2025, MADRID — Global energy storage owner-operator BW ESS and Getxo-based energy storage developer Ibersun have signed a joint venture to develop, in its first phase,
The global energy storage market is poised to hit new heights yet again in 2025. Despite policy changes and uncertainty in the world''s two largest markets, the US and China,
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. The initiative, led by MITECO and backed by EU funding,
In 2025, residential systems average $2.20–$3.00 per watt globally, amidst larger commercial and industrial projects having economies of scale. For businesses, a properly
Program that seeks to promote the energy transition in Spain, specifically in the renewable energy, renewable hydrogen, and storage sectors. 6,5 M€ for 10 Thermal Energy Storage
The European Investment Bank (EIB) and Iberdrola have signed loans worth €108 million to finance improvements to the Valdecañas hydroelectric complex in Spain, aiming
As of early 2025, Spain has roughly 1 GWh of grid-scale storage under construction, according to industry sources. This new wave of funding could accelerate the build-out, enabling developers, integrators, and OEMs to
Spain''s energy storage sector is set to expand with €699M in funding, supporting up to 3.5GW of capacity. Discover key opportunities and challenges for investors.
Energy sector stakeholders in Spain—including developers, investors, and infrastructure operators—face a critical year of legal and regulatory developments. Renewable generation is hindered by declining prices, lack of
The energy storage sector is at a crucial moment. Forecast for 2025 point to significant growth, driven by a favorable regulatory framework and growing demand for solutions. However, this growth comes with significant
Considering Spain''s 22.5 GW target of energy storage by 2030, OWC brings deep expertise to the Spanish market, drawing on experience from over 85+ global BESS projects – amounting to 25+ GW of storage capacity!
Driven by the goal of energy transformation, Spain''s energy storage industry is full of potential, with continuous technological innovation and progress. The government has given strong support in terms of funds and policies, and the
These projects are expected to drive grid-scale energy storage deployments, many of which will be operational by 2025. Industry experts, such as Patrick O''Connor from
The funding covers eligible costs such as civil works, storage equipment, auxiliary systems, and associated expenses. More than 100 projects are expected to be financed,
Pending approval, a total of €167.6 million ($187.1 million) has been allocated toward 46 standalone thermal and electrical energy storage projects, with a cost range from €170/kWh to €409/kWh.
Battery energy storage – a fast growing investment opportunity Cumulative battery energy storage system (BESS) capital expenditure (CAPEX) for front-of-the-meter (FTM) and behind-the-meter
Europe''s industrial geography is being redrawn and Spain is in pole position to lead the way, with the prospect of becoming a flagship of the EU''s new Clean Industrial Deal. Through innovative financing, public-private
ใน 2025, residential systems average $2.20–$3.00 per watt globally, amidst larger commercial and industrial projects having economies of scale. For businesses, a properly sized system can
У 2025, residential systems average $2.20–$3.00 per watt globally, amidst larger commercial and industrial projects having economies of scale. For businesses, a properly
The EMMES 9.0 data highlights significant growth in the energy storage sector: increased deployment rates, larger energy storage systems, and a rising trend of co-locating storage projects with renewables. From a policy perspective, new
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. The initiative,
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.
Spain has taken a decisive step in strengthening its energy infrastructure with the launch of a €700 million support scheme aimed at expanding large-scale energy storage across the country.
As of early 2025, Spain has roughly 1 GWh of grid-scale storage under construction, according to industry sources. This new wave of funding could accelerate the build-out, enabling developers, integrators, and OEMs to expand their footprint in one of Europe’s most promising emerging markets.
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.
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.
Renewable generation is hindered by declining prices, lack of access capacity tenders, and project financing challenges, but opportunities lie in PPAs, asset hybridisation with storage, and the approval of the Spanish capacity market.
