Spain has secured EU approval for a €699 million initiative aimed at bolstering energy storage capacity by 2.5 to 3.5 GW. This scheme is poised to enhance grid stability and support the transition to renewable energy sources in the country.
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The EU has greenlighted Spain’s €700 million energy storage subsidy plan, aimed at enhancing renewable energy integration and security. This funding is expected to bolster Spain’s clean energy infrastructure and accelerate its transition to a sustainable energy future.
Quinbrook Infrastructure Partners and CATL have introduced an innovative 8-hour duration battery energy storage system (BESS) in Australia. This technology aims to enhance grid stability and support renewable energy integration, marking a significant advancement in energy storage solutions.