Market demand and forecast for commercial and industrial energy storage in port of spain

What is the market energy storage in Spain?

The market energy storage in Spain, particularly in relation to the BESS systems (Battery Energy Storage Systems), is undergoing a dynamic and accelerated evolution. This transformation is driven by the growing need to integrate renewable energy sources into the electricity grid, improve supply stability and optimize energy use.

How does Spain support the development of energy storage?

To support this growth, Spain has implemented several policies and regulations that encourage the development of energy storage. The Energy Storage Strategy 2030, promoted by the Ministry for the Ecological Transition and the Demographic Challenge, is one of the key initiatives. This strategy aims to achieve a storage capacity of 20 GW by 2030.

How will solar generation affect the power supply in Spain?

The prevalence of solar generation - with a strong daily pattern – will affect the capacity and type of power storage needed in Spain. This will be different to other European markets whose low carbon transition are wind & nuclear dominated.

Why are battery storage options more suitable in Spain?

As a result, shorter duration storage options like batteries are more suitable in Spain. In Spain, over 50% of excess renewable energy occurs in periods where there is continuous excess for less than 12 hours i.e. a battery that chooses to charge on this energy would be able to discharge within 12 hours.

Are solar thermal power plants a good investment in Spain?

However, their ability to perform charge and discharge cycles over an extended period makes them valuable for applications requiring long-lasting, stable energy storage. El thermal storage Solar thermal power is another emerging technology in Spain, especially in the context of solar thermal power plants.

What technologies are used in energy storage in Spain?

In Spain, various technologies are emerging and evolving to meet the needs of renewable energy storage. Below, we explore some of the main technologies used in energy storage: The lithium ion batteries are currently the most popular choice in the energy storage sector.