Technical FAQs 4

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.

Does Spain have a state aid scheme for energy storage?

The European Commission has approved a €699 million state aid scheme in Spain to support the deployment of up to 3.5GW of energy storage.

Will Spain support new 'electricity storage projects'?

The European Commission said it will support the construction of 1,800MWh of new ‘electricity storage projects’ while Spain’s Ministry for the Ecological Transition and the Demographic Challenge (MITECO) said it would support a total of 2.5-3.5GW of new capacity, in a separate announcement.

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