Energy / Europe
Energy sector signals: regulation, infrastructure, markets, and risk. Topic: Europe. Updated briefs and structured summaries from curated sources.
Segunda convocatoria de ayudas: proyectos de almacenamiento energético mediante bombeo reversible
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A new initiative called Almagos has been launched to support energy storage projects with a budget of 90 million euros. The program prioritizes projects with significant industrial value and social impact, with a proposal deadline of February 26, 2026.
- Energy storage is essential for creating a more flexible and safe energy system. Large-scale storage plays a crucial role in integrating renewable energy capacity and enhancing system stability
- A new initiative called Almagos has been launched, focusing on projects related to energy storage through reversible pumping. This initiative aims to support both new projects and those utilizing existing infrastructures
- The program has been allocated a budget of 90 million euros to foster competitive projects. Priority will be given to projects that demonstrate significant industrial value and social impact in their respective areas
- Projects that are more advanced in administrative processes will also receive preference. This approach aims to streamline the development and implementation of energy storage solutions
- The deadline for submitting project proposals is February 26, 2026. All selected projects are expected to be executed by June 2035, ensuring timely contributions to energy storage advancements
- We continue to promote energy storage as a fundamental measure to create a more flexible and safe system. Large-scale storage is a key pillar for integrating renewable capacity and improving system stability