Introduction Vanadium redox flow battery (VRFB) technology is a leading energy storage option. Although lithium-ion (Li-ion) still leads the industry in deployed capacity, VRFBs offer new
The renewables firm will use the VCHARGE± battery for the Son Orlandis project, Endesa said. This battery brand is made by Canada''s Largo Clean Energy Corp, which
Spain''s Ministry for Ecological Transition and Demographic Challenge (MITECO) has issued favorable environmental impact statements (EIS) for three projects: 200
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,
Top 10 Energy Storage Companies in Spain: discover market leaders, buying and selling opportunities, and financing options on PF Nexus.
EDP España was granted the authorisation to deploy the vanadium redox flow battery (VRFB) system at the 1.2GW Soto de Ribera coal and gas plant on January 25, 2023,
China''s energy storage policy is advanced and ambitious, with local governments often surpassing national goals. Under the 13th Five-Year Plan (FYP) 2016-2020, a demonstration
Sumitomo Electric Develops Advanced Vanadium Redox Flow Battery – Unveiled at Energy Storage North America Sumitomo Electric is excited to announce the introduction of its advanced vanadium redox flow battery
Learn all about project finance, key concepts, evolution, challenges, and future trends in the clean energy sector in this ultimate guide.
Similar to other renewable energy projects, the addition of construction bridge debt provides an additional source of capital to pay construction costs, but also adds complexity to the project financing of an
April 3, 2025 Why Vanadium? The Superior Choice for Large-Scale Energy Storage As renewable energy adoption continues to grow, so does the demand for reliable, long-duration energy storage solutions. Vanadium Redox Flow
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
Iberia: Why are there no batteries in Spain? Spain''s battery energy storage market is at a critical point. Despite being a leader in renewable energy deployment in Europe, the country has only
H2''s project in Spain is scheduled to be completed in 16 months, with installation targeted for the second half of 2025, the company said. It will use the project as a launchpad to
Spain''s Ministry for Ecological Transition and Demographic Challenge (MITECO) has issued favorable environmental impact statements (EIS) for three projects: 200 MWh of storage on a hybrid renewables site, a 340
The European Commission on Monday greenlit a new aid scheme to enable Spain to deploy large-scale energy storage with co-financing of up to 85%.
Primary vanadium producer Largo Resources has closed a deal to supply its first grid-scale vanadium redox flow battery (VRFB) system. The company''s VRFB subsidiary said last month that it was negotiating the deal
Subsidies will be available for standalone energy storage sites, projects installed alongside renewable energy facilities, and storage planned as part of thermal power plants.
A roundup of the biggest projects, financing and offtake deals in the energy storage sector that we have reported on this year. It''s been a positive year for energy storage
Spain''s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has announced a major funding initiative worth €700 million to boost large-scale
Spain''s ministry for the ecological transition said on Friday it will allocate EUR 700 million (USD 799.4m) in grants through competitive tendering to support large-scale energy storage projects in an effort to improve grid
Vanadium redox flow battery market to reach $523.7 million by 2030, growing at a CAGR of 15.8% driven by rising grid-scale energy storage demand.
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,
Invinity will supply an 8.4MWh VRFB to a solar-plus-storage project in Alberta, Canada. It will be paired with a 21MW solar PV plant. Sumitomo installed a 51MWh VRFB in Hokkaido. This was
VRB Energy is the manufacturer of products including a 50kW vanadium flow battery cell stack and a 1MW VRFB power module. VRB Energy currently has around 50MW of
Shanghai Electric Energy Storage Technology Co., Ltd. announced the completion of the factory acceptance test for its vanadium redox flow battery (VRFB) equipment, which is now en route to Zaragoza, Spain, for
The financing mechanisms for onsite renewable generation, energy storage, and energy eficiency projects include a spectrum of options ranging from traditional to specialized.
IRENA also released an Innovation Outlook on Thermal Energy Storage, further supporting advancements in this critical area. A strong outlook for 2025 In summary, the energy storage market in 2025 will be shaped by
Detail of cell stacks at the completed demonstration system at VRB Energy''s project in Hubei Province. Image: VRB Energy. Commissioning has taken place of a 100MW/400MWh vanadium redox flow battery (VRFB) energy
Power generators will need to start supplying energy and capacity in 2026 under 15-year power purchase agreements. The bidding terms aim to reduce market risks, encourage energy
Spain’s ministry for the ecological transition said on Friday it will allocate EUR 700 million (USD 799.4m) in grants through competitive tendering to support large-scale energy storage projects in an effort to improve grid flexibility and integrate more renewables. Vanadium redox flow battery installed at the Son Orlandis solar farm in Mallorca.
The European Commission on Monday greenlit a new aid scheme to enable Spain to deploy large-scale energy storage with co-financing of up to 85%. From ESS News The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain.
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.
From ESS News The European Commission on Monday approved a new aid scheme for the deployment of large-scale electricity storage in Spain. Subsidies will be available for standalone energy storage sites, projects installed alongside renewable energy facilities, and storage planned as part of thermal power plants.
Standalone and renewables-plus-storage battery projects can apply for up to 85% co-financing, along with pumped hydro and thermal energy storage sites. Friday saw the publication of a call for applications for energy storage projects hoping to receive support from a €700 million ($794 million) EU-funded program in Spain.
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.
