The Spanish storage market
Nexus Energía, one of Spain's leading energy companies, presents BESS opportunities in the Spanish market.
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Spain is one of the biggest emerging BESS markets in Europe, with co-location as an established use case and a capacity market in development. A government support scheme of € 700 million is available in the form of CAPEX grants, facilitating the advancement of BESS projects and financing and layoing the groundwork for future BESS monetization.
The earlier you enter the market the more profitable your asset will be. To succeed commercially in the Spanish market, you need two things:
Thanks to our partnership with Nexus Energía, we have both. Be a first mover and take advantage of our cross-market optimization service, with direct access already waiting for you.
Our local partner in Spain
"This alliance represents a winning bet for the advancement of storage and enables us to combine our leading position in balancing services with AI optimization algorithms that are proven in the European market. This way, we maximize value while supporting grid stability. Our goal is to accelerate the development of storage projects, both standalone and hybrid, as a key option to ensure their future profitability in a volatile market environment of increasing complexity and negative prices. This solution will facilitate project financing, as is already the case in countries such as Germany and the Netherlands."
Miguel Fandiño
Deputy General Manager
Nexus Energía
Nexus Energía, one of Spain's leading energy companies, presents BESS opportunities in the Spanish market.
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Learn about the Spanish market and opportunities with BESS from local experts. Tuesday, 20 January, 15:00 CET.
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AFRY discusses the monetary potential of different BESS markets across Europe. highlighting opportunities and challenges .
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Jesús Mora
Senior BD Expert Spain
enspired
Spain has the potential to become a very large BESS market. A capacity market is currently in development, which will bring higher profitability for batteries. 260k€/MW for 4-hour BESS was analyzed for 2024.
Nexus Energía provides the necessary expertise in local market specifics, and enspired has a proven record of superior revenues in other European markets. We are the first and only optimizer with independently certified revenues. For reference, you can check our portfolio performance for 1-hour and 2-hour assets in Germany, confirmed by third-party auditor KPMG.
1 MW minimum, ideally 5 MW to be able to properly participate in ancillary services.
DA (day-ahead) swaps and floors through our financing partners. Tolling is expected in the near future.
Yes, our local partner in Spain is Nexus Energía.
With 25 years of experience, Nexus Energía has a very strong position as a market agent, operating renewable assets in different energy markets as a market representative. The company is a leader in the representation of photovoltaic energy and the second-largest representative of renewable producers in the Spanish market, with 6,900 MW under representation.Through the partnership with enspired, the two companies combine extensive experience in the local energy market and state-of-the-art technology for battery optimization.
Transparency drives market maturity, but existing BESS revenue claims lack verifiability. The new portfolio performance metric addresses both.
With an impressive project pipeline and strong regulatory support for battery development, Spain is on track to become a leading BESS market by 2030.
Power markets and energy trading in Europe: This reference system details market setups and mechanisms in long- and short-term timeframes.