5 Trends Shaping M&A in Spain''s Energy Storage
Looking to the future Spain''s energy storage market is at a tipping point. Investor interest is intense, regulatory developments are on
“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.
Investing in energy storage helps Spain meet its climate goals. This includes achieving carbon neutrality by 2050. Storing renewable energy instead of wasting it helps the country rely less on fossil fuels. This also cuts down greenhouse gas emissions. Pumped hydro, thermal storage, and battery systems are effective technologies.
Spain has launched an ambitious €700 million (around $796 million) program to increase its energy storage capacity. This plan will add 2.5 to 3.5 gigawatts (GW) of storage. It includes pumped hydro, thermal energy storage, and battery systems.
The European Commission approved a new support scheme. It targets large-scale energy storage projects in Spain. It focuses on technologies like standalone battery energy storage systems (BESS), pumped hydro energy storage (PHES), and thermal energy storage.
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