Madrid s first energy storage project

4 FAQs about [Madrid s first energy storage project]

What is Spain''s energy storage program?

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.

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.

How has Spain strengthened its energy infrastructure?

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.

Why does Spain need more energy storage capacity?

Spain’s increasing need for energy storage capacity is driven by a growth of solar and wind generation and intensified by the limited interconnection between the Iberian peninsula and its European neighbours.

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