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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.

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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.

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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.

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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.”

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(Featured Image by mrganso via Pixabay)

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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.

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Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.