New energy storage projects co-located with renewables in Spain will be eligible to have 40-65% of their investment costs covered under a government scheme launching in a week’s time.
Norway-based thermal energy storage company Kyoto Group has signed a letter of intent (LOI) to deploy an 88MWh system in Spain in the second half of 2023.
Spanish and Portuguese utility Endesa, part of Enel, has provisionally won 953MW of connection rights to build renewable energy resources and battery storage in Andorra, possibly rising to 1,200MW.
Battery energy storage system integrator Powin has acquired EKS Energy, a provider of advanced power electronics and energy management solutions for energy storage and renewables.
Europe will need a total of 187GW of energy storage by 2030 and 600GW by 2050 to meet its renewable energy targets, according to the European Association of Energy Storage (EASE).
Energy conversion equipment specialist Ingeteam has supplied a battery energy storage system (BESS) for the Puertollano facility in Spain, the world’s largest operational green hydrogen plant.
It’s been a positive week for thermal energy storage technology, with utility Edison International validating a cold storage solution, a collaboration between two groups to achieve 100% round trip efficiency, and an acquisition involving several intellectual property rights patents.
