Will a 5 mW 20 MWh battery storage system be built in Portugal?

Galp, a Portuguese energy company, has announced plans to build a 5 MW/20 MWh battery storage system in Portugal, in collaboration with Powin. The system at one of Galp’s solar plants will enable it to adjust its PV production profile and meet its energy requirements. This project marks Powin’s first venture in Europe.

Is powin launching a battery energy storage system in Europe?

This project marks Powin’s first venture in Europe. Global energy storage supplier Powin LLC and Portuguese integrated energy company Galp have partnered to install a utility-scale battery energy storage system (BESS) in Algarve, Portugal. The 5 MW/20 MWh battery system will be built at one of Galp’s solar power plants near the village of Alcoutim.

What services can a battery energy storage system participate in?

Table 1: Services Battery Energy Storage Systems (BESS) can participate in within the Iberian Grid This is an obligatory service for BESS. This service is enacted between 0 and 30 seconds following a change in grid frequency. This is a voluntary service for BESS with pricing based on the asset’s available capacity and the energy dispatched.

What revenue streams are available to battery energy storage systems?

Revenue Streams: The wholesale and ancillary service market (comprising over 5 revenue streams) is available to battery energy storage systems. Spain has approved plans to introduce a capacity market.

How much solar power does Portugal have in 2022?

Portugal’s cumulative PV capacity hit 2.59 GW at the end of 2022. It aims to install 20.4 GW of solar by 2030. The country has set a goal of at least 80% of electricity production coming from renewable sources by 2050. In November, it enjoyed a weekend of being powered solely by renewables.

What is a battery storage system?

Battery storage systems are made up of many individual battery cells, linked together and connected to the electricity grid. It can import electricity when there is extra renewable power being generated and export this electricity when there is less renewable generation available.