According to BNEF, the total battery demand for the stationary storage and electric transport sectors will reach 4,584 GWh by 2040. This increase not only drives the energy transition, but also creates a significant opportunity for battery manufacturers and companies involved in the extraction of ke Contact online >>
According to BNEF, the total battery demand for the stationary storage and electric transport sectors will reach 4,584 GWh by 2040. This increase not only drives the energy transition, but also creates a significant opportunity for battery manufacturers and companies involved in the extraction of key components, such as lithium, cobalt and nickel.
Iberdrola España will install six new storage batteries in Spain with a capacity of 150 MW. The projects will be built in Castilla y León, Extremadura, Castilla La Mancha and Andalusia, and each battery will have 25 MW of power and a capacity of 50 MWh.
Navalmoral de la Mata (Cáceres) – Today, Monday, July 8, marked the groundbreaking ceremony of AESC''s future gigafactory for batteries in Navalmoral de la Mata, Cáceres. The plant is scheduled to begin production in 2026 and be among the first facilities to develop and manufacture advanced Lithium Iron Phosphate (LFP) batteries at scale
This plant represents a significant investment and boost for the development of the sustainable mobility sector, the energy transition and the battery supply chain in the region of Extremadura and the rest of the Spanish territory.
The gigafactory will focus on the manufacture and development of advanced Lithium Iron Phosphate (LFP) batteries and will become the first carbon neutral gigafactory in Spain as a part of the Net Zero Industrial Park. It is estimated that the gigafactory, which will have an investment of over 1 billion euros for its first phase, will create up to 900 direct jobs upon completion, with the possibility of expanding employment as demand and production increases.
AESC is collaborating with local universities and regional authorities to create a training program to ensure workers in the region are trained for jobs in the facility.
During the event, the President of the Government, Pedro Sánchez, stressed that "It is a project that will undoubtedly help to boost the region, not only helping to create hundreds of jobs in its initial phase, but also because it positions Extremadura". Likewise, the President indicated that the Government is committed to attracting foreign investment, as is the case of AESC, which is committed to the creation of stable, decent and quality employment.
AESC CEO for the United States and Europe, Knudt Flor, emphasized the gigafactory''s long-term vision and its commitment to grow the electrification supply chain while providing state-of-the-art batteries. He highlighted the potential of the facility to promote technological and economic development in Extremadura, as well as to promote collaboration between different actors in the field of sustainable mobility and renewable energy.
For the President of the Regional Government, the gigafactory is an exciting project and an opportunity for Extremadura to compete with many European regions in industrial matters and to continue growing along the path of the green economy and energy transition.
The battery gigafactory in Navalmoral de la Mata is projected to become a benchmark in the sector, generating high-quality employment and boosting the local economy.
With the laying of the first stone of the battery gigafactory in Navalmoral de la Mata, the foundations are laid for a sustainable and prosperous future in Navalmoral de la Mata, Extremadura and Spain, where electric mobility and clean energies are positioned as fundamental pillars for the preservation of the environment and economic development.
AESC is a global leader in the development and manufacturing of high-performance batteries for zero-emission electric vehicles and energy storage systems. Founded in Japan in 2007 and headquartered in Yokohama, AESC has been building manufacturing capabilities around the world in Japan, the U.S., U.K., China, and Europe to serve key markets and leading customers locally for over 14 years. Today, AESC’s advanced battery technology powers over one million cars across 60+ countries.
In Spain, AESC is carrying out important projects, in addition to the construction of the battery gigafactory, continues to establish strategic alliances with car manufacturers in the country and has planned an investment path for renewable energy generation and energy storage. These projects highlight the company''s commitment to the country''s industrial development, generating employment and promoting sustainable technologies.
Utility and independent power producer (IPP) Iberdrola will deploy battery energy storage system (BESS) projects in Spain adding up to 150MW/300MWh, to be co-located with existing PV plants.
The six new BESS projects were amongst 1.9GWh of energy storage projects awarded grant funding in a recent tender called PERTE (Spanish strategic projects for the economic recovery and transition, in English) and will receive a total of €37.5 million (US$41 million) in funding towards their deployment.
Each 25MW/50MWh lithium-ion system, they will be deployed in the regions of Castilla y León, Extremadura, Castilla La Mancha and Andalusia at existing solar PV plants. The company said the projects would share the same grid interconnection point as the PV plants.
While it didn’t specify, this presumably means the BESS will be primarily shifting solar PV generation into the evening hours when generation tails off but demand on the grid remains relatively high.
Other developers/IPPs with BESS projects that received grant funding from the PERTE tender include Naturgy, Enel Green Power and Fotowatio Renewable Ventures (FRV). Energy-Storage.news provided a detailed look at where winning projects were located within Spain in our coverage of the auction results.
Iberdrola didn’t reveal which company would provide the lithium-ion BESS units for the six projects. It has in the past enlisted Spain-headquartered power conversion specialist firm Ingeteam, including for a 20MWh BESS unit at a green hydrogen plant in Ciudad Real, announced in May 2022.
Energy-Storage.news'' publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe''s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.
In this storage strategy, Spain quantified its storage needs in line with its decarbonisation targets established in the national energy and climate plan (NECP), which sets the share of renewables in gross final consumption of energy at 42% by the end of the decade.
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