Energy Storage News•1 day ago
Spain allocates €840 million funds for storage projects, passes grid resilience decree
Key Takeaway
Spain's substantial €840 million allocation for 9GWh of storage projects, alongside a grid resilience decree, signals a robust commitment to energy storage deployment, creating significant opportunities for developers and enhancing grid stability for large consumers.
AI Summary
- •Spain has allocated €840 million in EU-backed funding for 143 energy storage projects, totaling nearly 9GWh of capacity.
- •This significant capital expenditure support creates a substantial market opportunity for energy storage developers in Spain.
- •The funding, coupled with a new grid resilience decree, signals a strong governmental commitment to enhancing grid stability and reliability.
- •For large power consumers, this initiative promises improved grid resilience and potentially more stable energy supply through increased storage deployment.
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