Portugal allocates €100 million in grants for energy storage

August 1, 2024
LinkedIn
Twitter
Reddit
Facebook
Email

Portugal is looking to support at least 500MW of energy storage capacity by the end of 2025 via grant support.

The country’s Ministry of Environment and Energy has launched a competition for €99.75 million (US$107 million) for grid-scale energy storage projects at the transmission and distributed-scale.

The government said that competition has been launched in light of the the need to optimise and manage the electricity grid in Portugal in a more flexible way. Power generation capacity is around 22GW.

Minister of Environment and Energy Maria da Graça Carvalho said: “This is a significant step towards Portugal’s energy independence and towards building a greener and more sustainable energy future. Energy storage plays a crucial role in the modernisation of our electrical infrastructure, enabling more effective management of resources and a more agile response to fluctuations in supply and demand, thus benefiting the economy and the environment.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The deadline for applications is 2 September and they must be submitted on the Environmental Fund portal. The funding is part of the EU-wide Recovery and Resilience Facility (RRF), a pot of money aimed at helping EU economies transform structurally after the Covid-19 pandemic, and which several have used to fund energy storage.

Grid-scale BESS projects have been relatively limited in Portugal to date, although utility Iberdrola did bring online a huge, 40GWh pumped hydro energy storage (PHES) project there in 2022.

On the mainland, independent power producer (IPP) Galp is deploying a 5MW/20MWh project with system integrator Powin, peer Greenvolt has built a 5MW/5MWh system at a biomass plant, while system integrator Fluence has deployed similar-sized projects on the islands of Madeira and Terceira.

Read Next

March 12, 2026
Another busy week of BESS news from across Europe, with investors and owner-operators ABO, Field, Aspiravi, Prime Capital, Latvenergo, Sonnedix and Amarenco progressing large-scale projects across Europe.
March 6, 2026
Inverter and BESS firm Sungrow and BESS owner-operator Delta Capacity signed a 1GWh framework supply agreement for European projects at the Energy Storage Summit 2026 in London last week.
Premium
March 4, 2026
ESN Premium takes advantage of an opportunity to compare Europe and US energy storage markets with Wood Mackenzie energy storage analysts.
February 27, 2026
US energy storage and battery technology startup Lyten has completed its acquisition of Northvolt’s business operations in Sweden and announced its immediate plans.
February 27, 2026
Iron-sodium battery manufacturer Inlyte Energy and data centre operator NTS Colocation are partnering to deploy 2MW of iron-sodium battery capacity by 2028.