Spanish household energy storage lithium battery

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.

What is Spain's battery storage market?

Spain’s battery storage market is dominated by customer-sited systems. Utility-scale storage remains nascent. Currently, Spain’s storage market is mainly composed of small-scale batteries co-located with solar PV. Spain’s household electricity prices now stand at over EUR 0.30/kWh on average.

What is the first electric energy storage system in Spain?

In November 2019, Iberdrola España inaugurated the first electrical energy storage system with lithium-ion batteries for distribution networks in Spain.

Are lithium-ion batteries a viable energy storage solution?

In the search for solutions for the storage of energy generated by renewable sources, lithium-ion batteries are currently the most widespread solutions given their performance, technological maturity and cost ratio. These systems can be used stand-alone or in conjunction with renewable energy sources, such as solar or wind energy.

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.

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.