Can batteries access the balancing market in Spain?

Balancing markets are another key source of battery revenue, but regulatory reform is required for batteries to access the Spanish balancing market. This is likely to happen relatively quickly but creates uncertainty around the level of balancing revenues.

Which battery developers will benefit from government funding?

Battery developers to benefit from the government funding include Benbros, which has eight projects with a total 149.19 MW of project capacity under the program; FRV, which has three projects totaling 119 MW; Iberdrola (nine projects, 55 MW); IM2 Energía (three projects, 25 MW); EDP, which has a 15 MW project; and Sungrow, which has a 5 MW site.

Will CCGT fixed cost recovery help the Spanish capacity market?

As in other European capacity markets, CCGT fixed cost recovery will likely provide important medium term price support in the Spanish capacity market. New build batteries and existing CCGTs are likely to dominate price setting in the Spanish capacity market across the 2020s, but there will also be other technologies competing for contracts.

How does Spain's pumped hydro energy storage compete with Bess?

Spain's pumped hydro energy storage competes directly against BESS, limiting the battery storage opportunity in wholesale markets. 3. Missing ancillary markets Unlike Great Britain or Texas, Spain never created ancillary service markets that net-zero systems need: