Energy Storage News•6 months ago
Spain allocates €840 million funds for storage projects, passes grid resilience decree
- •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.
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