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4 FAQs about Portugal Valley Energy Storage Project

How many hybrid storage projects are being deployed in Portugal?

Additional hybrid capacity is being deployed, namely by Iberdrola, Greenvolt, Akuo, EDP and GALP, supported by Portugal's Recovery and Resilience Plan (PRR) programme under the “Flexibility and Storage” incentive call. Under this PRR scheme, 41 projects were approved, totalling around 500 MW of new storage capacity and € 99.75 million in grants.

How much money does Portugal need to modernise its electricity grid?

Portugal: Portugal has unveiled a $480 M (€400 M) investment package to modernise its electricity grid and significantly expand battery energy storage systems (BESS), following a major Iberian blackout earlier this year.

What is the new energy storage scheme?

The new scheme is the first of its kind approved in medium and large-scale applications. EDP pointed out the importance of storage systems as a way to ensure the energy transition as the storage of renewable energy offers greater flexibility to the electricity system.

Is Portugal ready for power outages?

The announcement was made by Portugal's Minister for Environment and Energy, Maria da Graça Carvalho, who said the country is now better prepared for potential power outages, though “hopefully they won't happen,” and expects to see clear improvements in the national grid over the next three years.

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