Follow Spain Investment Immigration for Spain news: Recently, the Spanish grid operator REE connected the 1MW lithium-ion battery energy storage project to the power grid located in Seville, Spain. This energy storage system will absorb excess electricity generated from renewable energy sources and release it during peak electricity demand periods. A representative from REE stated that this Almacena project is the first of its kind in Europe to be connected to the power grid. The project is also funded by the European Regional Development Fund (ERDF).
The energy storage project is located at the Carmona 220/440 Substation in Seville. According to REE's forecasts, the project can simultaneously meet the electricity needs of 300 households in Spain.
In 2013, wind energy accounted for 21% of Spain's total electricity demand, making it one of the largest wind energy countries in the world, while solar energy generation accounted for 4.9% of total demand, ranking as the third largest solar energy producer globally. This indicates that photovoltaic power generation, solar thermal power generation, and wind power generation met 26% of Spain's total electricity demand for the year 2013.
