The European Investment Bank has greenlit a substantial €108 million loan to Iberdrola, paving the way for an exciting upgrade of its pumped hydro storage facilities in Spain. This strategic investment is set to significantly boost renewable energy integration and strengthen the nation’s ambitious energy transition initiatives.
Enphase Energy (NasdaqGM:ENPH) has introduced its IQ System Controller in France, enhancing solar energy management with a capacity increase to 20 kWh. This launch aims to optimize energy efficiency and reliability for residential users.
Brazil’s Petrobras is exploring new avenues in the energy sector, considering participation in an upcoming power auction focused on battery storage. This move could enhance the company’s portfolio and support Brazil’s growing renewable energy ambitions.
At the Energy Storage Summit USA 2025, industry leaders discuss how Battery Energy Storage Systems (BESS) will play a crucial role in helping the Electric Reliability Council of Texas (ERCOT) manage an anticipated doubling of energy demand by 2030.
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.
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.
