The Portuguese Ministry of Energy has allocated €99.75 million for grid flexibility and energy storage projects which should be installed by the end of 2025. 41 applications approved for funding.
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Aug 1, 2024 · Image: Wikicommons. Portugal is looking to support at least 500MW of energy storage capacity by the end of 2025 via grant support.
Portuguese Ministry of Energy has allocated EUR99.75 million ($107.6 million)for grid flexibility and energy storage projects which should be installed by the end of 2025. From ESS News
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Jul 3, 2025 · The Portuguese Ministry of Energy has allocated €99.75 million for grid flexibility and energy storage projects which should be installed by the end of 2025. 41 applications
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The Portuguese Ministry of Energy has allocated €100 million for grid flexibility and energy storage projects to be completed by the end of 2025. This initiative aims to enhance the flexibility and
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Jan 24, 2025 · Portugal''s Ministry of Energy has allocated €100 million to support 43 energy storage projects, scheduled for completion by the end of 2025. These projects were selected
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Aug 1, 2024 · Image: Wikicommons. Portugal is looking to support at least 500MW of energy storage capacity by the end of 2025 via grant support. The country''s Ministry of Environment
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From ESS News Portugal’s Ministry of Energy has announced that it has allocated €100 million ($104.2 million) to 43 energy storage projects which should be installed by the end of 2025. A total of 79 applications were vying for grant support secured under the country’s Recovery and Resilience Plan (RRP).
This initiative supports Portugal’s goal of 80% renewable electricity by 2026 and 85% by 2030. In 2024, renewable energy contributed 71% to Portugal’s electricity, marking a record 36.7 TWh. The energy storage projects will help stabilize the electricity grid and contribute to a greener, more sustainable energy transition.
Power generation capacity is around 22GW. Minister of Environment and Energy Maria da Graça Carvalho said: “This is a significant step towards Portugal’s energy independence and towards building a greener and more sustainable energy future.
The pursuit of economic viability by storage facility owners will inherently lead to charging during low-cost hours and discharging during hours that are more economically attractive. Storage can replace thermal generation in constraint markets, easing the grid and supporting Portugal’s 2040 phase-out target.
The energy storage projects will help stabilize the electricity grid and contribute to a greener, more sustainable energy transition. Portugal’s Ministry of Energy has allocated €100 million to support 43 energy storage projects, scheduled for completion by the end of 2025.
Grid-scale BESS projects have been relatively limited in Portugal to date, although utility Iberdrola did bring online a huge, 40GWh pumped hydro energy storage (PHES) project there in 2022. This isn’t just another summit – it’s our biggest and most exhilarating Summit yet!
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