Iberdrola España, the Group’s subsidiary in the country, was granted more than €170M to build storage, battery and pumping projects from the first call for grants for innovative energy storage projects co-financed with ERDF funds for 2021–2027, awarded by the Spanish Institute for Energy Diversification and Saving (IDAE).
The company will allocate €130M to co-finance 11 BESS (Battery Energy Storage System), €22M to three industrial thermal storage projects and €18M to expand the capacity of a pumping project.
Iberdrola drives efficient energy storage as one of the key levers to achieve electrification. It is committed to large-scale storage through pumped hydroelectric power stations and small-scale storage through Battery Energy Storage Systems (BESS).
By Type (Lithium-Ion Battery Separator and Lead-Acid Battery Separator), By Material (Polyethylene, Polypropylene and Others), By End-use Industry (Automotive, Consumer Electronics, Industrial, Others), By Region & Competition, 2021-2031F
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