Spain – Highview Power is building up to 2 GWh of long-term liquid air energy storage systems in Spain, with an estimated $1 billion investment.
These projects will enable several Spanish regions to move towards their net zero emissions target.
Battery projects across Spain
Highview Power plans to develop up to seven CRYOBattery projects ranging from 50 MW/300 MWh in Asturias, Cantabria, Castilla y Leon, and the Canary Islands with development partners and a consortium of investors that includes TSK and the Center for Energy, Environmental, and Technological Research (CIEMAT).
“As Spain adds more renewables to the grid, long duration energy storage will play a critical role toward enabling grid stability and helping the country achieve the decarbonization objectives set by the National Energy and Climate Plan,” said Javier Cavada, CEO and President of Highview Power.
Highview Power’s technology, known as the CRYOBattery , uses liquid air as the storage medium and delivers critical grid stability services, like synchronous inertia, short circuit and dynamic voltage control. CRYOBattery plants are equivalent in performance to fossil-fuel powered thermal and nuclear baseload power when paired with renewables.
Path to carbon neutrality by 2050
Recognizing the urgency of addressing climate change, Spain enacted the National Energy and Climate Plan, which aims to reduce greenhouse gas emissions by 23% by 2030, putting the country on track to achieve carbon neutrality by 2050. Spain’s journey to net zero is expected to produce over $200 billion in investments and up to 350,000 new employment.