Spain has launched an ambitious €700 million (around $796 million) program to increase its energy storage capacity. This plan will add 2. 5 gigawatts (GW) of storage. It includes pumped hydro, thermal energy storage, and battery systems. The goal is to improve how Spain uses renewable energy. . Battery Energy Storage Systems (BESS) play a pivotal role in supporting the wider adoption and integration of renewable energies (RE) around the world. As a result, the battery technology market is booming with c. $35B+ invested in 2023 – with 70% growth year on year. In Spain, the Energy Storage. . Total funding was reduced, major players such as Aquila Capital exited the scheme, while new large-scale projects from RWE and Alter Enersun entered the portfolio. The outcome also brought a strong regional reshuffle, with Catalonia, Extremadura and the Canary Islands emerging as key beneficiaries. . The bulk of the €814 million ($956 million) funding envelope will be directed to co-located energy storage projects, with standalone batteries receiving the next largest share. The Spanish Ministry for Ecological Transition and the Demographic Challenge (MITECO) has selected 126 projects to receive. . A city where sunlight fuels not just tapas bars but also massive "water batteries" hidden in mountains. Welcome to Madrid's energy landscape, where solar power and energy storage solutions are rewriting Europe's renewable playbook. With Spain aiming for 22. 5GW of energy storage by 2030 [8], Madrid. .
