PORTUGAL S PORTO EMERGES AS A HUB FOR
The world''s first 300-megawatt compressed air energy storage (CAES) demonstration project, "Nengchu-1," has achieved full capacity grid connection and begun generating power in
Portugal: Portugal has unveiled a $480 M (€400 M) investment package to modernise its electricity grid and significantly expand battery energy storage systems (BESS), following a major Iberian blackout earlier this year.
Portugal will invest $480 M (€400 M) to strengthen grid stability and scale battery storage, aiming for 750 MW of BESS capacity after Iberian blackout.
Portugal currently has only 13 MW of operational BESS capacity but aims to scale to 750 MW. A notable step includes Galp's 5 MW / 20 MWh project launched in April, developed by Powin. An additional $114 M (€100 M) from the EU's Recovery and Resilience Plan (RRP) will fund 500 MW of BESS across 43 selected projects.
In addition, an auction for large-scale BESS is planned by 2026, marking a step forward in Portugal's energy transition strategy. To support critical infrastructure like hospitals, the government will provide $28 M (€25 M) for solar PV and storage installations.
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