Updated: Spain’s government has approved an energy storage strategy that it says will put the country “at the forefront” of what is being done in Europe and help it move towards its 2050 climate neutrality target.

Mitsubishi Hitachi Power Systems (MHPS) and Magnum Development, owner and operator of the only known “Gulf Coast” style domal-quality salt formation in the western US, have launched an initiative that will see the start of the development for the Advanced Clean Energy Storage (ACES) project in central Utah. Tabbed by MHPS as the world’s largest project of its kind, the ACES initiative will develop 1GW of renewable energy storage.