Recording of Tuesday, June 18, 2024 | The smarter E Europe 2024 | Conference Program | Language: English | Duration: 16:59 .

Iberdrola Plans Major Investments in Energy Storage to Lead Spain's Renewable Transition

The presentation, delivered at an event hosted by Fluence and Lars, discusses the rapidly evolving energy storage sector. It highlights that global storage capacity doubled in 2023 with projections of substantial growth into 2024. The speaker emphasizes Iberdrola's leadership role in renewable energy and its updated strategic plan for 2024-26 focusing on electrification across various sectors. With a total investment plan of €41 billion, Iberdrola allocates significant funds to networks (€33 billion), renewable energies (€15 billion), and energy storage (€1.5 billion). Energy storage is essential for market stability, reducing price volatility, and integrating renewable energies. Iberdrola operates numerous projects globally including four battery-based ones in Spain totaling 20 MW/38 MWh capacity. These integrate solar PV plants or wind farms to enhance grid services like ancillary support and load shedding while also exploring standalone systems such as Abadino’s battery project. Spain aims for ambitious targets under the National Integrated Energy and Climate Plan (PENIEC) towards achieving 22 GW of installed power by diverse technologies including batteries by 2030—a massive leap from the current installations—emphasizing both batteries' flexibility and hydraulic pumping facilities' extensive storage capabilities.

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Speaker

Luz Carmen Perez Sanchez
Head of CAPEX Management
Iberdrola
Spain

Talk of session: Electricity Market Reform (EMR) & More - The State of EU Policies to Support Energy Storage

In the first quarter of 2023, the EU Commission produced a veritable torrent of favorable policy proposals, with the Electricity Market Reform (EMR) at its core and backed by recommendations to the EU Member States to ensure the more wide-spread deployment of energy storage. At the last ees Europe Conference, we discussed these proposals in detail - but what has happened since then? What actions and measures have followed and how effective will they be in unlocking the potential of energy storage?In this panel, we will discuss the state of implementation of the EU energy storage policy, what has gone well, what has not, and what more should be done.

Further Talks of this session:

Welcome and Introduction

Speaker

Lars Stephan
Senior Manager Policy & Market Development
Fluence
United Kingdom

To Talk

State of Play on EU Storage Policy & Regulatory Framework

Speaker

Elodie Perret
Head of EU Affairs
BayWa r.e.
Belgium

To Talk

State of Policy and Market of Storage in Germany

Speaker

Claudia Günther
Research Lead
Aurora Energy Research
Germany

To Talk

State of Policy and Market of Storage in Poland

Speaker

Aleksandra Radwanska
Country Manager Next Kraftwerke Poland
Next Kraftwerke GmbH
Germany

To Talk

Q&A Round

To Talk

Close Out

Speaker

Lars Stephan
Senior Manager Policy & Market Development
Fluence
United Kingdom

To Talk