Featured
Ingenostrum Exceeds 1,000 MWh in Electrical Storage Projects
Ingenostrum has managed to exceed the figure of 1,000 MWh (1 GWh) in battery electric storage projects (BESS) in Spain. The company pointed out that they want to participate with the CNIAE in all initiatives that can help the technological leap that Europe needs, not only to remain world leaders in technology deployment but to achieve the greatest possible energy sovereignty and independence.
Ingenostrum, a company specializing in the development of large-scale renewable energy generation projects, has managed to exceed the figure of 1,000 MWh (1 GWh) in battery electric storage projects (BESS) in Spain at the beginning of 2022. The company highlighted this fact as “a major milestone”, and represents the “definitive take-off”, on a large scale, of these technologies in our country, they emphasized.
To get an idea of the magnitude, until now, the most relevant projects in Spain had a capacity of around 12 MWh and the largest installed in France (promoted by RTE) is currently 61 MWh.
Most of this storage capacity will be realized in 13 projects in Extremadura, clearly supporting the commitment of the national and regional governments to the choice of the CNIAE’s location in Cáceres, the birthplace of Ingenostrum’s founder and CEO, Santiago Rodríguez.
Read more about INgenostrum and find the latest economic news in the world with the Born2invest mobile app.
Ingenostrum is another of the companies in Extremadura that aspires to play in a higher league
Born in the heat of the energy transition, it has partnered with Enel Green Power for investments worth 3,000 million euros, of which 1,300 million have already been executed. Although his great project at present is a large Eco-Industrial estate in Cáceres CC Green linked to energy efficiency.
At the moment, there are several large linked operations, the most advanced being a large Data-Center, one of the largest in the world, although Santiago Rodríguez , the CEO of Ingenostrum, is not very clear if it will be possible to access Next Generation aid. “We prefer not to delay the project, even if that prevents access to these funds,” he clarified, as the project is well advanced and they are already in the last phase of defining the Data Center operator.
Likewise, it will house a hydrogen pilot plant in collaboration with the Norwegian public energy company StatKraft and a large training center linked to the energy transition.
Ingenostrum plans for 2022
Rodriguez assured that “in advancing the energy transition and decarbonization of the EU economy, electrical storage systems will play a key role in an energy system based on renewable energy.”
In this sense, the company’s CEO assured that by providing flexibility and fast balancing services, storage technologies will be able to generate conditions that “are vital,” said Rodriguez, to maximize the integration of high production of variable renewable energy sources, as well as the integration of the electricity transmission grid.
At the same time, Santiago Rodríguez pointed out that Ingenostrum’s big bet for 2022 is to “advance in the prospection of synchronous thermoelectric storage systems to support a greater renewable storage capacity”.
In this regard, the executive notes that Spain “is a world leader in molten salt electrical storage systems” and reiterates that it only remains to advance in the heat generation system can be achieved with pure electricity from renewable energies.
Ingenostrum pointed out that they want to participate with the CNIAE in all initiatives that can help the technological leap that Europe needs, not only to remain world leaders in technology deployment but to achieve the greatest possible energy sovereignty and independence.
In this sense, the company said that 2021 has been the year in which “unfortunately, we have been able to verify the weakness of our energy dependence, in supply and prices, on natural gas from other regions of the world.”
__
(Featured Image by mrganso via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in elEconomista.es, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Impact Investing2 weeks ago
Shipping Industry: How Small Caps Can Help Reduce Emissions
-
Fintech5 days ago
Qplix, an Asset Management Fintech Company, Secures 25 Million in Financing
-
Biotech1 week ago
Abbott Presents Innovative Solutions to IDIS to Improve the Treatment of Mitral and Tricuspid Regurgitation
-
Cannabis3 days ago
Australia’s Parliament Is Set to Vote on Cannabis Legalization Bill Later this Month