Why did the Spanish government support the development of energy storage?

Tell us and we will take a look. The Spanish government announced its support for the development of technology for energy storage for renewables, to increase the system's flexibility and the stability of the network.

What if Spain installed more renewable electricity by 2030?

If Spain were to install an additional 85 GW of renewable generation capacity by 2030—slightly less than is envisaged under the NECP—5% of total renewable electricity generation between 2025 and 2035 would go to waste thanks to economic curtailment, Aurora Energy Research calculates.

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.

Will Spain's plans to expand renewable power capacity lead to a 'economic curtailment'?

Spain’s plans to rapidly expand renewable power generation capacity threaten to lead to frequent periods when generators cannot recoup their running costs, resulting in the waste—or “economic curtailment”—of over 5% of total renewable generation in 2025-2035, new analysis by Aurora Energy Research finds.

How much will Spain finance a hybrid battery energy storage project?

The Spanish government say it will finance five hybrid battery energy storage projects, with a cumulative installed capacity of at least 600 MW. Each project can secure up to €15 million ($15.68 million) in funding. From pv magazine Spain

Can LDEs help reduce energy consumption in Spain?

Aurora Energy Research’s report clearly shows that the deployment of LDES reduces the curtailment of renewables in Spain, lowers emissions, facilitates the early phase-out of fossil fuel power generation and serves as a catalyst for the decarbonisation of industrial heat processes.