Spanish solar energy hydrogen storage

Will Spain have 22 GW of energy storage capacity by 2030?

The country plans to have 22 GW of storage capacity in place by 2030, said the ministry. This will include battery and pumped hydro plants, as well as potentially some thermal storage associated with concentrated solar power technology, which Spain is a leader in. Spain's capacity market could provide opportunities for energy storage

How much money will Spain give to green hydrogen projects?

Spain confirmed it will disburse €800 million in direct state aid to seven green hydrogen projects across the country. The funding -- which will flow to companies such as Iberdrola, Repsol, and EDP, among others -- will support a total of 652 MW of electrolysis capacity.

Can Spain be adapted for hydrogen transport & storage?

Spain already has a developed energy infrastructure that can be adapted for hydrogen transport and storage. The country has an extensive pipeline network that could be converted to transport hydrogen, significantly reducing the cost of new infrastructure.

How can Spain produce green hydrogen?

One of the fundamental pillars for the production of green hydrogen is the availability of cheap and abundant renewable energy, since the electrolysis process, by which hydrogen is separated from water, requires large amounts of electricity. Spain stands out in this respect for its enormous solar and wind energy potential.

Could Spain become the Great hydrogen hub at European level?

In a world moving towards decarbonization, green hydrogen is Spain's bet to lead the change. We analyze the reasons why Spain could become the great hydrogen hub at European level. Enter now!

Why is pumping hydro storage important in Spain?

Pumped hydro storage already plays an important role in helping to balance large amounts of renewable energy on the Spanish grid, which as of April 2024 was operating with between 60% and 70% renewable energy penetration. Battery storage, meanwhile, is increasingly being co-located with renewable energy plants to avoid revenue cannibalization.