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.

24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!

Read Next

Premium
February 5, 2026
That was the view of Søren Juel Hansen, energy storage director at Nordic Solar, when asked by Energy-Storage.news about the role of transmission system operators (TSO) in the industry. 
February 4, 2026
“Standalone solar is not dead, but it is challenging,” said Pierre Bartholin, head of power hedging at investor Nuveen Infrastructure, opening the debate at Solar Media’s Solar Finance Investment Europe (SFIE) conference in London on the future of co-located battery storage. 
January 29, 2026
Power firm RWE is about to start building a 400MW/800MWh BESS project in Germany, among the largest in the country to reach the construction stage. In related news, Kyon Energy has connected a 282MWh project to the grid, possibly the largest in the country to reach that milestone.
January 29, 2026
PV inverter and BESS firm Sungrow has launched its PowerTitan 3.0 battery energy storage model for the European market.
Premium
January 28, 2026
Leading BESS owner-operators across Europe discuss the key trends around the financing and deployment of grid-scale projects, with the segment now the driver of continent-wide deployments according to trade body SolarPower Europe.